Category: Basic Income

Hedge fund king Ray Dalio: Middle class needs ‘wealth transfers’ to bridge income gap

Hedge fund king Ray Dalio: Middle class needs 'wealth transfers' to bridge income gap

The U.S. is deeply divided politically and socially because of an escalating wealth disparity between the top and bottom tiers, according to Ray Dalio, who manages the largest world’s hedge fund.

That gap is "our biggest economic, social and political issue" and played a significant role in Donald Trump ‘s election victory, the head of $122 billion Bridgewater Associates said in a LinkedIn post Monday .

To bridge the gap, Dalio prescribes a re-examination of how the nation is using its resources, and an unspecified wealth transfer. The issue has been one of his favorite topics, and one he said he […]

AI Is Creating Jobs, Not Destroying Them, Studies Find

AI Is Creating Jobs, Not Destroying Them, Studies Find

AI is feared to destroy jobs. But new studies are pointing to it doing the opposite. "Artificial intelligence is coming for your job." That’s been the mantra of skeptics, naysayers, and even pragmatic analysts for years. A quick Google search will yield dozens, if not hundreds, of articles, such as this Mother Jones article by columnist Kevin Drum, on how the expansion of AI and robotics is going to radically shift the job market for the worse as we offload tasks, such as assembly and even driving and customer service, normally performed by humans to machines.

The idea isn’t fringe. […]

Can Universal Basic Income Work? Here’s The Story.

Can Universal Basic Income Work? Here’s The Story.

One of the topics in social policy I’ve never gotten around to discussing is the debate over a “universal basic income,” in which the welfare state would be partially or completely replaced with a guaranteed income that would be given to everyone.

The chief reason I haven’t written about it is that tons of proposals, papers, and ballot initiatives appeared last year. Some donors set up pilot projects. The Swiss rejected it. People found the shelves in the libraries where the dusty reports from the 1970’s were stored and eagerly read about large-scale social experiments that tested it. [1] In […]

Basic income norway

Aug 29, 2016 A basic income experiment is part of the government programme to its Nordic neighbors – towards double that of Denmark and Norway. A poll What do people in Nordic countries The idea is to guarantee the minimum livelihood either by the wage or by the basic income. Universal basic income UBI pilot programs are in the works; here’s a look at where these UBI pilot programs are, what they’re like, and which are coming. Photograph: Guenter Artinger/EPA. Norway – SpartacusApr 6, 2017 But a new idea, the Finance Ministry suggests, could ensure that funds for the […]

Gary johnson universal income

org/news/2016/08/us-johnson-supports-basic-income-libertarian-principlesAug 8, 2016 At the FreedomFest convention in Las Vegas, Nevada, Gary Johnson took a stance puzzling to many libertarians. He support the FairTax which has a prebate which is a You can login if you already have an account or register by clicking the button below. Johnson. The immediate stimulus for Jul 16, 2016 Strangely enough Libertarian Party candidate Gary Johnson might make basic income an issue in the 2016 presidential race. May 30, 2017 The basic guaranteed income is one of those ideas, like land value taxation or Gary Johnson – while he didn’t campaign on it, […]

Prospects of Car-Dealership Work Scare Off Many Job-Seekers

Prospects of Car-Dealership Work Scare Off Many Job-Seekers

Young dealership workers most likely to leave. The Big Story: Car Dealers Stuck Paying Staff ‘Turnover Tax’ Millennials lead the way when it comes to calling it quits at car dealerships, where employee turnover has been a chronic issue.

Cox Automotive’s 2017 Dealership Staffing Study says the turnover rate for 20- and 30-something Generation Y’ers is 52%, meaning, on average, every other Millennial who hires on at a dealership ends up leaving.

But it is not just them. About one in three Gen X’ers and one in four Baby Boomers account for dealership turnovers that are “crazy high” industrywide, says Isabelle […]

Nobel prize-winning economist makes the case for Scottish independence in the EU

Nobel prize-winning economist makes the case for Scottish independence in the EU

Economist Joseph Stiglitz argued that an independent Scotland in the EU would “resolve a lot of the uncertainties” of Brexit

JOSEPH STIGLITZ, the Nobel Prize-winning economist and member of the Scottish Government’s council of economic advisors, has argued if Scotland were to “go its own way” by achieving independence and subsequently re-join the EU, it would “resolve a lot of the uncertainties that are being created by the mismanagement of Brexit”.

Speaking in an interview on the BBC’s Sunday Politics Scotland, Stiglitz – who endorsed Scottish independence during the 2014 referendum and has also served as an advisor to […]

The Precariat: Why a Basic Income is Vital

We are in the midst of a global transformation orchestrated by powerful financial interests espousing an ideology of market liberalisation, commodification, and privatisation. The global market system they advocate increases economic and social injustice, including widespread precarity. In the face of this transformation, how can we create new systems of regulation, distribution, and social protection to achieve a more just society?

Central to the transformation has been the owners’ control of physical, financial, and intellectual property from which they overwhelmingly benefit. Unlike the post-war period when shares of income going to capital and labour were roughly stable, in today’s globalised […]

Topic: [ANN] Basic Income Guarantee (Read 991 times)

Ahooleeman Why do I believe in Universal Basic Income?

In March of 2017 I was on Zanzibar. We discussed with my wife about different stages of people’s life.

We’ve found 4 stages:The first is a state of carelessness. Everyone was there until a certain age, while we live with our parents and we have a roof over our heads, they feed us, they dress us, sometimes they help us to get our own apartment, car, etc. Some people remain in this state for too long, some people are forced to return to this state at a later age when everything goes […]

UK: University College London research group recommends Universal Basic Services over Universal Basic Income – BIEN (Basic Income Earth Network)

UK: University College London research group recommends Universal Basic Services over Universal Basic Income – BIEN (Basic Income Earth Network)

The Social Prosperity Network, a research network at University College London’s Institute for Global Prosperity (IGP), released a report this month arguing for Universal Basic Services for the UK.

The authors propose that the UK expand its set of free and universal public services to include shelter (social housing), food, transportation (e.g. bus passes), and information (e.g. internet access), in addition to the National Health Service, public education, and public legal services.

Like universal basic income, Universal Basic Services (UBS) are intended to secure the necessary means to a life for everyone, unconditionally. The unconditionality of the benefits is a […]