Considering last week was Labour Day, a day when we are supposed to celebrate workers and fight for better working conditions, I feel this the perfect time to look again at what basic income could do for our economy.
Basic income. The opinions on the concept range widely with many top economists espousing its virtues and many conservatives seeing the overall cost as insurmountable.
With growing economic inequality and increasing automation of so many of our lower-wage jobs the need for some form of basic income is only going to grow.Whether you are for or against it you have to agree […]
September 18, 2020 Columbus, OH —September 14, 2020— As the pandemic’s impact collides with powerful systemic pressures putting more responsibility on individuals to save for retirement, Americans’ plans for retirement have been hit by the perfect storm. Roughly-three fourths of investors (72%) say the COVID-19 pandemic has had a negative impact on how long they are able to live off their current retirement savings. Nearly two-thirds of investors (63%) expect to require 20 to 30 years of income in retirement—but less than half (47%) think they can live off their savings for that long.
These are among the latest findings […]
Leeds has become the largest city in the UK to call for a universal basic income to be trialled, after a vote of the city’s council on Wednesday night.
Councillors from Labour, the Liberal Democrats, and Greens backed a motion on Thursday arguing that the policy could provide financial security to people hit by the coronavirus pandemic. A universal basic income or UBI involves a flat unconditional payment to all citizens whether they are working or not, instead of means-tested benefits. The policy has been widely discussed across the developed world in recent years, and has gained new prominence during […]
The Metropolis Council of St. Paul, Minn., voted to launch an experimental $1.5 million assured earnings program for low-income households Wednesday after Mayor Melvin Carter signed onto the group Mayors for a Assured Earnings.
This system will divert $300,000 in CARES Act funding to offer 150 households funds of $500 a month, the Twin Cities Pioneer Press reported. The remainder of the 18-month program will probably be funded by philanthropy, the mayor stated, in line with the Twin Cities Pioneer Press.
COULD UNIVERSAL BASIC INCOME BECOME A REALITY? HERE ARE THE MAYORS SUPPORTING FREE CASH “Greater than ever earlier than, […]
Prime Minister Justin Trudeau hasn’t exactly sounded enthusiastic about the idea of a universal basic income. ERNEST DOROSZUK/POSTMEDIA As far as public policy proposals go, a universal basic income couldn’t be simpler. If a Canadian falls below a certain income threshold, they get a cheque from the government.
But even proponents of the policy admit that it will be costly — tens of billions of dollars, even in the most modest estimates — for a plan that would, in their view, be a one-shot poverty-fighting plan. Detractors consider it an expensive sledgehammer, when more precise tools could do the job.
Join us on Sat Sept 19, 2020 for a Basic Income March Canada VIRTUAL EVENT and show your support for a fairer & faster recovery for ALL Canadians.
10 AM Pacific 11 AM Mountain 12 PM Central 1 PM Eastern 2 PM AtlanticConfirmed Speakers: • Floyd Marinescu, CEO of C4Media Inc. and Founder of UBI Works • Jessie Golem, Creator of Humans of Basic Income • Brett House, Vice President & Deputy Chief Economist of Scotiabank • Joli Scheidler-Benns, Founder of The Lindsay Advocate • Paul Vallée, CEO of Tehama & Board Member of Basic Income Canada […]
STA , 17 September 2020 – The government has prepared the draft of a new anti-corona stimulus package. Unofficial information suggests the furlough scheme will be extended for some industries, universal basic income brought back for sole traders and the health system shored up.
Information obtained by the STA shows that the furlough scheme, whose last possible extension under current law expires at the end of September, will be extended until the end of the year.
Employers in tourism, events industries and coach transportation who have seen their revenue decline by over 30% over last year would be eligible.The government also […]
A BUNGLING Scottish protester has been mocked after he repeatedly failed to light the UK flag.
Footage shared widely online showed Sean Clerkin attempting to light the flag multiple times at the flag at Arthur’s Seat, the famous peak overlooking Edinburgh. Sean Clerkin was mocked online for his bungling attempts to set the UK flag on fire Credit: SWNS:South West News Service Sean Clerkin wore Scotland’s flag draped around his neck as he set the UK flag on fire Credit: Alamy Live News Sean was eventually able to set the flag on fire Credit: Alamy Live News The protester […]
Providence Mayor To Pilot Guaranteed Income Program04:31. The mayor of Providence, Rhode Island says he plans to start a ‘guaranteed income’ pilot program in the next year. Jorge Elorza says the program would give direct cash payments to some Providence residents, but exact details on how much — or how many people — have not been released.
Rhode Island’s two casinos could lay off more than 1,300 workers combined by the end of next month, according to documents filed with state labor officials. More than 1,000 workers at Twin River Casino Hotel in Lincoln and nearly 300 at Tiverton […]
With holes in Canada’s social safety net being exposed as businesses closed in March to help curb the spread of the COVID-19 pandemic, the appetite for a system overhaul has intensified. Now, what was once considered a radical solution to growing financial disparities, has taken centre stage—receiving support from not only social service organizations but business leaders, as well.
It’s been called many things over the years: citizen’s income, basic living stipend, guaranteed annual income, and universal demogrant, among others. While opponents of a Universal Basic Income (UBI) ignorantly and often times methodically call it “communism” and the end of […]