Author: automata

Create fiscal space for UBI: Abhijit Banerjee

Create fiscal space for UBI: Abhijit Banerjee

Fortune India spoke to Abhijit Banerjee, professor, Department of Economics, MIT and co-founder of the Abdul Latif Jameel Poverty Action Lab to understand the benefits and challenges of UBI in India.

Image: Alamy

Universal Basic Income (UBI) has outgrown scholarly debates and is being actively discussed by policymakers worldwide; it was even mentioned in India’s Economic Survey last year. At a press conference after the release of this year’s survey, chief economic advisor Arvind Subramanian went further to say that at least one or two states will implement UBI over the next two years.To understand the benefits, challenges, and […]

Stockton, California to experiment with “universal basic income”

Stockton, California to experiment with “universal basic income”

Member Since: Jan 2003 NOT SAYING I AGREE WITH THIS!!!

But…..the fact that it’s gaining traction in California isn’t epecially surprising……..an, "NO!"…..it’s not California’s Liberal bias that has me saying that.

What occurs to me about California is it’s Silicon Valley distortions in incomes and overall economic outcome differences between those directly connected to the success of the businesses there and those working in more traditional service jobs. Those of us loving in areas where the distortions don’t exist have marveled at the prices of housing in California’s towns situated close to where all […]

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

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Stockton California Universal Basic Income Starting At $500 A Month (UBI)

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

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Welcome to California: Stockton to Offer Universal Basic Income

Welcome to California: Stockton to Offer Universal Basic Income

Speaking of leftism gone berserk, this time is Stockton time. This agricultural Californian city is going to become the first one in the United States to offer low income residents free money, no questions asked . And if you’re a Bernie Sanders supporter, you should learn that there’s no such thing as free money. The government doesn’t have any. The UBI (universal basic income) is going to take taxpayers money and give it to low income residents, $500 a month, no strings attached, no questions asked. Why, you may ask?

Well, because that’s what big government does for you: it […]

UNCONDITIONAL BASIC INCOME

DEFINITION

“A BASIC INCOME IS A PERIODIC CASH PAYMENT UNCONDITIONALLY DELIVERED TO ALL ON AN INDIVIDUAL BASIS, WITHOUT MEANS-TEST OR WORK REQUIREMENT.â€

-BASIC INCOME EARTH NETWORK (BIEN)PRIMARY GOALS• PROVIDE BASIC ECONOMIC SECURITY • ELIMINATE BENEFIT TRAPS • LESS PATERNALISTIC THAN CURRENT WELFARE PROGRAMS • REDUCE FINANCIAL ANXIETY • ENCOURAGE COMMUNITY INVOLVEMENT AND VOLUNTEER WORKHISTORYThomas Paine,inspired by the Iroquois’ way of life,suggested a “groundrent†be paid annuallyLouisiana SenatorHuey Long proposed minimum income of$2,000-2,500G.D.H. Cole, a political economist at Oxfordcoined the term “basicincomeâ€Idea entered politicalmainstream; variantendorsed by PresidentNixonMartin Luther King, Jr. endorsed the idea ofa guaranteedincome1795 19671960s19531934EXAMPLES OF CURRENT EXPERIMENTAL TRIALS ONTARIO, CANADA: […]

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

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Stockton California Universal Basic Income Starting At $500 A Month (UBI)

Stockton California Universal Basic Income Starting At $500 A Month (UBI)

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Half of Americans like universal basic income—and they want AI companies to pay for it

Half of Americans like universal basic income—and they want AI companies to pay for it

YouTube’s says it’s going to clean up its act, but don’t expect much

The video site is full of questionable content—but an ex-staffer says the underlying algorithms really need attention.

The problem: Take your pick: conspiracy theories, violence, propaganda, and worse lurk on the site.The video site is full of questionable content—but an ex-staffer says the underlying algorithms really need attention. The problem: Take your pick: conspiracy theories, violence, propaganda, and worse lurk on the site. A solution? The Wall Street Journal says YouTube will provide more context around videos, warning users when they contain conspiracy theories or are […]

Kerala: CDS study moots automation policy

Kerala: CDS study moots automation policy

No. of industrial robots up from 70 in 2000 to 16,026 in 2016. Sunil Mani, CDS director THIRUVANANTHAPURAM: Even though automation does not pose a threat to employment in India’s manufacturing industry as of now, fast developments in the area demand a policy formulation.

A recent study by the Centre for Development Studies (CDS) director Sunil Mani pointed out that the number of industrial robots in India has increased from just 70 in 2000 to 16,026 in 2016.

The manufacturing sector accounts for the lion’s share of delivered robots, especially in automotive, electrical and electronics, metal, chemical, rubber and plastic industries. […]