Category: Basic Income

Fresh Talk: The case for universal basic income

Fresh Talk: The case for universal basic income

Susie Garza displays a city-provided debit card she receives monthly through a trial program in Stockton, Calif. She is part of an experiment testing the impact of "universal basic income." (Associated Press) The United States has long been understood as a place teeming with capitalist virtue where anyone can make it. Despite continuous economic growth over the last several decades, the average American worker has experienced dismal returns to their work. Wage stagnation and disproportionate income growth have soured the realities of the American Dream and left the country to deal with the consequences of inequality.

A report published by […]

Poverty Can Be Solved. Just Trust Poor People.

Poverty Can Be Solved. Just Trust Poor People.

If you’ve never been poor, you don’t know how soul-crushingly hard it is to always be struggling to make ends meet. The grinding challenge of not knowing how you are gonna pay for this bill or that fee takes a real toll.

But on top of that, our current poverty alleviation programs—things like food stamps, welfare payments, disability assistance—they all come with some real strings attached. We make people experiencing poverty jump through more hoops to get this measly assistance than people who haven’t experienced poverty can even fathom. And the dirty secret of all that busywork we set up […]

Books About Universal Basic Income

Books About Universal Basic Income more:

On this episode of Recode Decode, hosted by Kara Swisher, journalist Annie Lowrey talks with about her new book, “Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World.” Enter universal basic income. Also referred to as “guaranteed income” or the “basic income guarantee,” the concept is simple: in order to ensure that all citizens can afford to meet their basic needs, the government provides every citizen with a set amount of money on a regular basis, enough to lift them above the poverty line.

People consider […]

Andrew Yang: Why Universal Basic Income Is Our Future

Andrew Yang: Why Universal Basic Income Is Our Future

The New York Times bestseller from 2020 Democratic presidential candidate Andrew Yang, this thought-provoking and prescient call-to-action outlines the urgent steps America must take, including Universal Basic Income (UBI), to stabilize our economy amid rapid technological change and automation. The shift toward automation is about to create a tsunami of unemployment. Not in the distant future–now. One recent estimate predicts 45 million American workers will lose their jobs within the next twelve years–jobs that won’t be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society?

In The War on Normal People , Andrew […]

What Will DC Retirement Plans Look Like in 2025?

What Will DC Retirement Plans Look Like in 2025?

The 401k fuure is bright.

In a post-defined benefit (DB) pensions world, defined contribution (DC) plans —historically only used to supplement a monthly pension—have largely failed to prepare U.S. workers for retirement. This leaves those who rely on Social Security as their primary benefit and only source of guaranteed income vulnerable and may also adversely impact employers.

Delayed retirement creates workforce management issues because employees facing financial stress often come to the workplace in poor health, they may be disengaged and are blocking younger workers from advancing.One recent survey shows 93%¹ of plan sponsors agree that they should be […]

Universal Basic Income: What is it, will I get it and how could it be rolled out in Hull?

Universal Basic Income: What is it, will I get it and how could it be rolled out in Hull?

(Image: Philip Toscano/PA Wire) It’s a radical new welfare system which – if introduced – would see the government give everyone free money.

If implemented, the scheme would see the current welfare state overhauled and replaced with a single payments policy, with the aim of addressing poverty and unemployment .

Whether you work or not, and regardless of gender, family structure or anything else, universal basic income (UBI) would be paid out on an unconditional basis, to everyone.It would mean an end to fit-for-work tests, an end to assessment periods, an end to means testing and more.But how will it work, […]

Booker backs universal basic income as he runs left of McGrath in U.S. Senate race

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State Rep. Charles Booker, D-Louisville, has made clear he thinks the only way a Democrat can beat U.S. Senate Majority Leader Mitch McConnell this November is to take clear, bold, unapologetic stances on policy issues.

Booker did just that on Martin Luther King Jr. Day in a newspaper column that supported establishing a basic universal income. Tying his support of the policy to King’s work with the Poor People’s Campaign, Booker called the idea an investment in Kentuckians.“I believe it is time for Kentucky and the country to commit to a universal basic income,” Booker wrote in the Courier-Journal. “We […]

Andrew Yang talks Universal Basic Income and corporate taxation at a pre-caucus visit to Saints Rest

Andrew Yang talks Universal Basic Income and corporate taxation at a pre-caucus visit to Saints Rest

Andrew Yang pitched Universal Basic Income, his proposed solution to many of America’s problems, to 150 people at Prairie Canary on January 20 th . Yang’s campaign centers around his plan to give every American adult a “Freedom Dividend”: $1,000 a month, “no questions asked”, as he describes it.

Yang positioned himself as the only candidate to talk about many of the issues he sees, especially the loss of jobs to automation. “We’re in the midst of what experts are calling the Fourth Industrial Revolution. When was the last time you heard a politician say the words ‘Fourth Industrial Revolution?’” […]

Living on $738 a month: As Boomers hit retirement, Social Security more important than ever

Living on $738 a month: As Boomers hit retirement, Social Security more important than ever

MLive file photo of Muskegon’s Hackley Park during the Annual Summer Celebration Senior Social in 2019. Karen Chadwick worked for decades as a massage therapist along with some stints as a secretary.

But in all those her years of work, she’s never had a pension plan and accumulated only modest savings. Now that she’s 73, those savings have evaporated and she lives mainly on her $738 monthly Social Security check, supplemented by two or three massages she provides each month.

“I used to do 15 massages a week," but her hands have stiffened with age, limiting the work she can take […]

Budget 2020: Govt may not need to borrow much more than expected; here’s why

Budget 2020: Govt may not need to borrow much more than expected; here’s why

Govt may not need to borrow much more than the expected borrowings and that the international rating agencies could refrain from threat of downgrades, but damage to growth momentum could take time to reverse, Deepak Jasani , Head – Retail Research, HDFC Securities, said in an interview with Moneycontrol’s Kshitij Anand .

Edited excerpt:

What are your expectations from the upcoming Budget? The Budget 2020 will be a crucial policy event with the market focus on potential near-term demand-booster from the government and the contours of fiscal deficit arithmetic.This will also impact FPI flows that have been good in 2019 […]