Category: Basic Income

New Scientist Economics Sustainability Wealth Politics Scrap Science Paying a basic wage to all could hold society together if automation destroys swathes of work, but we need more trials to be sure, says Federico Pistono See more Interesting Stuff Switzerland Politics Economics Golden Handshake Lausanne The Eu The O’jays Over The Interesting: Swiss To Pay Basic Income Francs Per Month To Every Adult See more The Robot Labour For Everyone Why Not Apocalypse Wealth United Kingdom Robots Random Stuff Why the Tech Elite Is Getting Behind Universal Basic Income See more World’s largest hedge fund to replace managers with […]

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It’s difficult to pinpoint the definition of either term, but the community here has converged on approximately the following:

is an economic system based on the organization of private property for profits. Characteristics central to a capitalist economy include capital accumulation, voluntary exchange, a price system, and competitive markets.

Is a range of social or economic systems that share a desire to end the class relation found in capitalism between those who own the means of production and those who must sell their labor for a wage to survive.That said, both terms carry significant historical and ideological baggage, and there’s no […]

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> I think it is something that needs to be approached gradually. With lots of discussion. Universal health care is a good start. Universal housing, perhaps, next?

If schools are free and that means supplies and fees included, health care is free and that includes all meds, minimal food, housing is available at no cost,
what else is needed? Free basic transportation?
I would favor making essentials like schools, housing, public transit free. I believe that restraints on urban sprawl, unrecyclable goods, fossil fuels, addictive drugs–things that hurt society and the environment must become more controlled substances. […]

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Written by Rachel Oliver on August 12, 2017. In televised debates during the recent general election campaign, several politicians made reference to there being no “magic money tree”. When in fact, there sort of is. This, together with a survey in 2014 that showed that only one in ten MPs know where money comes from, exposes a huge education gap amongst our most powerful elected officials, on one of the most important aspects of our economy: money.

Money is something that is often taken for granted, but in fact how it is created and allocated is a political, cultural and […]

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Futurism, August 6, 2017

Could we use space to pay for a Universal Basic Income? Tom Ward addresses this question in a Futurism article . The article discusses the idea of using space to fund a Basic Income; the money being generated from future space tourism and mining . The argument—akin to that of a citizen’s dividend —is that space belongs to us all, so we should all benefit from it.

Richard Branson’s Virgin Galactic is planning to make commercial spaceflights before the end of 2018. Elon Musk, Jeff Bezos and others are also looking to monetize space tourism.Companies are […]

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The philosophy of universal basic income (UBI) is floated and discussed in many countries now including the Philippines. The philosophy is lousy because even the lazy or irrelevant-thinking people will have guaranteed universal income.

I am reposting a good article by a friend, Nick Sallnow-Smith, Chairman of The Lion Rock Institute (LRI) in Hong Kong. This was published in the LRI Newsletter, June 2017. It is often suggested by those skeptical about the value of free markets, that to contribute to the community you need to be active in the world of charities, NGOs, or what is called “public service”. […]

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As some tech giants throw their weight behind the idea of a universal basic income, one anthropologist says it’s a key component of a strategy to break the “addiction to economic growth [that] is killing us” and the planet.

Offering his views this week on BBC’s “Viewsnight,” Jason Hickel, an anthropologist at the London School of Economics and author of books including The Divide: A Brief Guide to Global Inequality and its Solutions , says “we can’t have infinite growth on a finite planet.”

That argument—which others have made as well—should be clear by evidence of the “climate change, deforestation, and […]

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New Delhi, Aug. 11: The mid-year economic survey has made a strong case for widening the ambit of the goods and services tax (GST) to cover sectors that the states refused to fold into the reform: electricity, land and real estate, alcohol, healthcare and education.

The big surprise is to see healthcare and education on that list.

The survey said: "Health and education are outside the tax net altogether, exempted under the GST and not otherwise taxed by the Centre and states.""Keeping health and education completely out (of GST) is inconsistent with equity because these are services consumed disproportionately by the […]

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