Universal Basic Income or Universal High Income?

Universal Basic Income or Universal High Income?

An article to better inform the debate about the amount of UBI

"The very positive scenario of AI is actually in a lot of ways, the description of heaven, in that really nobody would need to work. I wouldn’t even call it universal basic income. I would say it’s probably universal high income." – Elon Musk at AI Safety Roundtable, September 18, 2023

"We won’t have universal basic income. We’ll have universal high income." – Elon Musk at AI Safety Summit, November 2, 2023 "There will be universal high income, not basic, in a positive AI future." – Elon […]

The Future of Work: A Leisure-Based Model

The Future of Work: A Leisure-Based Model

In an emerging future where automation and artificial intelligence take the helm, the concept of work may undergo a revolutionary change. Visionary entrepreneur Elon Musk foresees a scenario in which engaging in professional activities could be a matter of personal pleasure rather than a necessity.

Musk envisions a long-term future where every service or product humanity requires could potentially be supplied by intelligent machines. The implication of this technological domination is that work, as we currently understand it, could become optional. One might opt to work as one chooses a hobby today, adding a new dimension to personal fulfillment […]

Guaranteed Income Supplement 2024: What is GIS Canada & who is eligible for the support?

Guaranteed Income Supplement 2024: What is GIS Canada & who is eligible for the support?

Government of Canada announced stable Guaranteed Income Supplement (GIS) Program for senior citizens of Canada who are suffering with financially difficulties. $2924 GIS 2024 is a monthly assistance from the government and It will be credited directly into beneficiaries bank account. The Object of GIS is to provide financial support to the country’s senior population. Under this program seniors of Canada will get $2942 Guaranteed Income Supplement 2024 from government. If you want to know more updates on this GIS Program and its benefits then can visit this article. Each section will give you significant update regrading this. Guaranteed […]

Support a Basic Income Pilot to Reduce Fear, Anger and Hate

Support a Basic Income Pilot to Reduce Fear, Anger and Hate

There’s a lot of talk about AI, and how it will impact people’s lives at an alarming rate. Whether or not it will, really does not matter at this point.

The message is just adding to the turmoil, in a world that is increasingly fearful and angry. While this anger and fear is often expressed as differences in ideology or religion, much stems from the financial insecurity that plagues mental health.

My daughter works in the charity sector and she is always telling me about the struggles people have living on welfare and dealing with ‘the system’. It drains any ounce […]

In-plan annuities gaining steam: Where do we go from here?

In-plan annuities gaining steam: Where do we go from here?

Image of a young woman sitting atop an hour-glass surrounded by financial symbols and graphs and charts. In-plan-annuities-are-gaining-steam-Where-do-we-go-from-here. Annuities are becoming more available in the defined contribution space in association with 401(k) plans. What is the future of in-plan annuities, and have they reached a tipping point? Bryan Hodgens, head of distribution research and annuity research with LIMRA, provided some insights on where in-plan annuities are going during a recent LIMRA online event.

With the passage of the SECURE Act in 2020, in-plan annuities have been gaining steam, with many innovative products entering the market.

“The idea of a guaranteed income […]

FANUC to showcase advanced automation solutions at FIA2024

FANUC to showcase advanced automation solutions at FIA2024

Aerospace Events

Factory automation specialist FANUC UK will showcase a suite of next-generation automation solutions at the Farnborough International Airshow (FIA2024), 22nd-26th July, which is aimed at enabling higher rate aircraft and aerospace manufacturing. Above: Factory automation specialist FANUC UK will showcase a suite of next-generation automation solutions at Farnborough International Airshow to enable higher rate aircraft and aerospace manufacturing.
Courtesy FANUC
Spanning the entire supply chain – including solutions for the burgeoning eVTOL sector – visitors to stand 4900 can witness the future of aerospace manufacturing first-hand. FANUC’s automation demonstrations, in conjunction with their industry leading partners, […]

Legislation in Iowa Bans Universal Basic Income Programs Amidst National Debate

Legislation in Iowa Bans Universal Basic Income Programs Amidst National Debate

The solution for reducing poverty does not reside in UBI programs . The best path to reduced welfare is the ready availability of jobs.

Persuaded that universal basic income (UBI) programs would do more harm than good, the Iowa Legislature has passed a bill to ban such initiatives at the local level. As the debate over such programs continues across the country, observers of the UBI experiment can move another state into the opposition column.

During the COVID-19 pandemic, states and local governments received an unprecedent windfall of federal dollars, and policymakers seized upon the funding for experiments to address […]

Guaranteed Income for Life

Guaranteed Income for Life

Guaranteed Income for Life

Jay P

· Follow 2 min read·6 hours agoRolling over your 401(k) and IRA to an annuity can be a strategic financial move, depending on your individual retirement goals and circumstances. Here are some potential benefits of rolling over your 401(k) and IRA to an annuity: 1. Guaranteed Income for Life Annuities can provide a steady stream of income for life, which can help ensure you don’t outlive your savings. This is particularly beneficial if you’re concerned about longevity risk. 2. Tax Deferral Annuities, like IRAs and 401(k)s, offer tax-deferred growth. This means you […]

Schiff Leads Letter Calling for Guaranteed Income Pilot Program to Improve Health Outcomes for Low Income Families

Schiff Leads Letter Calling for Guaranteed Income Pilot Program to Improve Health Outcomes for Low Income Families

May 22, 2024

Washington, D.C.— Today, Representative Adam Schiff (D-Calif.) wrote a letter urging the Centers for Medicare & Medicaid Services (CMS) to adopt a new guaranteed income pilot program to help improve health outcomes for qualifying low income individuals.

Schiff’s letter emphasizes the urgent need for the federal government to better address health disparities among low income individuals which are further exacerbated by income inequality rising and costs. Schiff’s letter also highlights how a targeted model would provide valuable insight and comprehensive data on the potential long-term health benefits of such a program.“Families across the United States are […]

Guaranteed Income, Direct Rental Assistance, and the Potential of Cash Transfers

Guaranteed Income, Direct Rental Assistance, and the Potential of Cash Transfers

the intersect logo Challenges in areas ranging from education to the environment, gender to governance, health to housing don’t exist in a vacuum. Each month, Abt experts from two disciplines explore ideas for tackling these challenges in our monthly podcast, The Intersect. Sign up for monthly e-mail notifications here . Catch up with previous episodes here .

Qualitative data indicate guaranteed income programs—which provide cash directly to beneficiaries—provide real stability to people in need. But, while we wait for the quantitative data to come in, the jury’s still out on how to maximize this approach. What do we still […]