A universal basic income (UBI) can be financed through various methods. One approach is to fund UBI through existing benefits and income tax systems, creating new money, or using a dividend from a permanent fund . Another method is to finance UBI through a citizens’ wealth fund, which is funded by taxes on wealth without raising taxes on earned income . Additionally, governments can create money and pay it as a UBI to bridge the gap between earned income and Gross Domestic Product (GDP) . Another proposal suggests financing UBI through digital royalties charged on data generated by individuals […]
Broadway in Midtown KIngston, N.Y., is shown in a photo taken Friday, Nov. 24, 2023. (Tania Barricklo/Daily Freeman) KINGSTON, N.Y. — For 17 months beginning in May 2021, a select group of 100 county residents received a universal basic monthly income as part of a pilot program to determine whether there is a better way to get relief to individuals in need.
Not surprisingly, an analysis of that program conducted by the University of Pennslyvania found that recipients of that grant reported improved financial health, an increased sense of self-worth and an enhanced quality of life.
The program, launched by former […]
The Boston City Council took up consequential items at its meeting on Nov. 15. Discussion topics included expanding voting rights, welcoming a guaranteed income program, instituting an anti-bullying policy within the city council, and requesting a report on illegal firearms trafficking in Boston.
Councilor Kendra Lara proposed an order to extend voting rights to all legal residents of Boston, allowing non-citizens who live in Boston the ability to vote in municipal elections.
Lara shared words from her maiden speech to the council, which she said ring truer today than they did two years ago.“In the United States, we believe in a […]
A report from the Center for Guaranteed Income Research at Penn’s School of Social Policy & Practice (SP2) suggests that a guaranteed income program in a rural area has improved participants’ financial, physical, and mental health. The study focused on the Ulster County Project Resilience guaranteed income program in New York, the first county-led program of its kind in the U.S.
The report’s authors, Elizabeth DeYoung, Amy Castro, Nidhi Tandon, Allison Thompson, and Stacia West of CGIR, concluded that the program had a positive impact on participants’ lives due to financial support. They noted that Ulster County reflects the challenges […]
Boston, MA – November 27: Boston city councilor Kendra Lara during a meeting at City Hall. (Matt Stone/Boston Herald) The Wu administration is exploring a guaranteed basic income program for low-income families in Boston — basically cash payments — but concerns about cost, sustainability and the risk of creating a “benefits cliff” for qualifying applicants is giving the cabinet pause.
Segun Idowu, the city’s chief of economic opportunity and inclusion, said Monday that there have been “a lot of discussions” about the potential policy shift, which would involve dishing out money every month to families living below the poverty line, […]
An opinion piece by Learning Vault CEO, Nicholas Robert Alderdice on AI and the future of work in a skills-based economy. Dynamic lifelong learning has become a necessity in a fast moving job market. Automation and AI will be both disruptors and creators of new roles, while entrepreneurship and innovation will thrive.” — Nicholas Robert Alderdice SYDNEY, NSW, AUSTRALIA, November 28, 2023 / EINPresswire.com / — The global workforce is currently on a transformative journey toward a skills-based economy, representing a monumental shift in how people learn and work. As traditional employment models and hierarchical structures become less and […]
Colin’s note: Artificial intelligence (AI) may mean the end of the workweek as we know it…
AI is ushering in a new era where humans work less than the previous generations… And a three-day work week is likely inevitable.
Now, I’m not saying that’s going to happen overnight. But I have been hammering on in these pages about how AI will increase productivity… create new jobs… and bring about a better quality of life for people.And that includes a future where we work less and spend more time doing things we truly enjoy. I get into the details – and the […]
Chris Luoma, Senior Vice President and Chief Strategy Officer, GHX Advancements in medical technology have increased the demand for surgical implants. These implants, such as artificial joints and heart valves, pacemakers, ventricular shunts and cochlear implants, have revolutionized how doctors treat patients, helping them live better, more fulfilling lives.
The implantable device market is projected to reach $166.3 billion by 2032. Although this growth is exciting, it also highlights the need for healthcare to transform digitally.
Implant orders currently account for approximately 10 percent of all purchase orders, representing 40 to 60 percent of supply chain spend. Today, only a tiny […]
Today, we were Prince George’s Proud to join the Greater Washington Community Foundation, the Meyer Foundation, the Department of Social Services, and our County Council to announce the historic launch of Thrive Prince George’s, a two-year, $4 million guaranteed-income pilot program aimed at fostering economic stability and mobility for families in our community. An Innovative Public-Private Partnership
The funding for Thrive Prince George’s comes from a combination of public and private philanthropic resources. My administration contributed $1 million towards the initiative, and we provided this funding without compromising our budget, because this program will be carried out by local […]
The neoliberal thought that dominated our politics for decades — and now appears to be in retreat — is often summarized as a relentless push to expand the market, shrink the state, and impose strict conditions on social insurance. But as Jennifer Burns’ new biography of Milton Friedman demonstrates, the leading lights of the movement — and many of their teachers at the University of Chicago and elsewhere — were more complicated and interesting thinkers than this shorthand suggests. As we reimagine our economic order , we would do well to grapple with their thought, both for the substantive […]