Category: Basic Income

Does Universal Basic Income Work?

Does Universal Basic Income Work?

A new study sheds light on its limitations as a policy tool to alleviate poverty.

Michael Edwards A new study conducted by OpenResearch, a non-profit of which Sam Altman sits on the board of directors, provides the latest data on universal basic income (UBI).

Researchers worked with two non-profits in Texas and Illinois to conduct a cash transfer program that distributed $1,000 per month to 1,000 low-income individuals over a 3-year period. They transferred $50 per month to 2,000 low-income individuals as a control.Participants reported average household income of ~$29,900, so the $12,000 per year transfer represented a ~40% increase […]

In Her Hands: A Path to Financial Security for Black Women in Georgia

The In Her Hands (IHH) initiative launched in 2022 via a partnership between the Georgia Resilience and Opportunity Fund and GiveDirectly and provided guaranteed income to 654 low-income Black women in urban, rural, and suburban areas of Georgia over two years.

The program aimed to offer immediate relief from severe economic hardship while exploring ways to reshape public policy to better support communities impacted by generations of wealth extraction. Designed in partnership with community members, the program randomly assigned participants to receive either A) $850 per month for 24 months or B) $4,300 in the first month, followed by $700 […]

COLA 2025 Boost: Maximize Your Social Security Payments to $5,180 Monthly – Here’s How!

COLA 2025 Boost: Maximize Your Social Security Payments to $5,180 Monthly – Here’s How!

COLA 2025 Boost Social Security Payments to $5,180 Monthly Social Security is a lifeline for millions of Americans, providing financial stability in retirement. With the Cost-of-Living Adjustment (COLA) increasing benefits by 2.5% in 2025 , retirees have a unique opportunity to maximize their monthly payments. The maximum benefit could reach $5,180 per month for individuals who plan strategically. This article will guide you through practical steps to optimize your benefits , leveraging the 2025 COLA and beyond. COLA 2025 Boost $5,180 Monthly

Topic Details COLA Increase for 2025 A 2.5% boost to Social Security payments starting January 2025. Maximum […]

US Universal Basic Income Proposal 2024, Who Qualifies for it and How it works?

US Universal Basic Income Proposal 2024, Who Qualifies for it and How it works?

US Universal Basic Income Proposal 2024 US Universal Basic Income Proposal 2024: In 2024, the concept of Universal Basic Income (UBI) is gaining momentum as a potential solution to combat poverty and ensure financial stability for all Americans. UBI offers unconditional, regular payments to individuals, helping to cover basic needs like housing, food, and utilities. This idea has been tested in several U.S. cities and states and has sparked nationwide debates.

In this article, we’ll explore how UBI works, who qualifies, and what it could mean for the future of the economy. Whether you’re a curious reader, policymaker, or professional, […]

Magic of a universal basic income

Magic of a universal basic income

With universality, we are no longer divided into two camps of ‘deserving’ and ‘undeserving’. – ADIB RAWI YAHYA / THESUNpix HEALTHCARE , education and social infrastructure are usually universal benefits that we all automatically benefit from.

However, it is rather strange that in our society there is resistance to the idea of providing a basic income to all citizens universally.

Targeted benefits are the opposite of this. While it seems perfectly sensible to target very limited resources only to those that need them most, these tend to be unpopular policies.Rooted in a mindset of scarcity, they sow suspicion, breed one-upmanship and […]

Cabinet approves Social Protection policy

Cabinet approves Social Protection policy

Cabinet has approved the long-awaited Social Protection Policy after the Health Ministry announced its completion earlier this year.

The new development, announced late last week, highlights a renewed focus on providing financial assistance and strengthening social safety nets in the territory.

According to the Cabinet release, the policy aims to “improve governance, progressively expand coverage through effective design, efficient service delivery, and adequate financing of social protection, and strengthen the resilience and adaptability of core social protection functions”.This comprehensive approach ensures more equitable support for the most vulnerable in the BVI.The Cabinet decision, made on September 18, also authorised the Health […]

Wealth Distribution Poor no Priority for Govt’s

Wealth Distribution Poor no Priority for Govt’s

By Dhurjati Mukherjee

Prof. Meghnad Desai, the well-known economist has made an insightful observation that economics as a subject lost its concern for the poor somewhere along the way in his recent book titled‘The Poverty of Political Economy: How Economists Abandoned The Poor’. It has been pointed out that the Smithian concern for the greater good was lost long back during David Ricardo’s works where the value of a good was determined by production and not by exchange. It was during this time that economics started losing its concern for the poor.

Desai referred to a Cambridge economist, Prof. Arthur C. […]

These Rare $2 Bills Are Worth $20000, Check Your Wallet For A Hidden Treasure

These Rare $2 Bills Are Worth $20000, Check Your Wallet For A Hidden Treasure

Many people think of $2 bills as just ordinary money, but some of them could be worth much more than their face value. In fact, certain rare $2 bills have been sold for as much as $20,000. In fact, some $2 bills can sell for as much as $20,000 because of their unique features. These rare bills are highly sought after by collectors who are willing to pay thousands of dollars for them.

If you have a $2 bill tucked away in a drawer or wallet, it’s worth taking a closer look. The value of a bill can depend on […]

Could Trump make Stimulus Checks disappear? This is what has been announced

Could Trump make Stimulus Checks disappear? This is what has been announced

Credits: The New Yorker Goodbye to Medicare in 2025? Here’s what the government could do

Trump kicks the dollar out of America: The new currency that doesn’t exist yet

Government confirms new $100-dollar bill: Here is its revolutionary design The recent election of Donald Trump as the 47th president of the United States changes are expected to be made to the economy, including stimulus checks and Social Security. Since Trump’s first presidential term, political parties have debated the current state of stimulus payments, including the frequency of the payments. The next four years are set to […]