Category: Basic Income

Major US surveys uncover ambivalent attitudes towards the impact of technology and automation on people’s lives

The ambivalent attitude many people hold towards technology is laid bare in two major new studies from the Pew Research Centre. When asked to name what has brought about the biggest improvements in their lives over the last 50 years, technology is the most commonly cited factor by people across the US. They are even optimistic that technology will have a similarly beneficial impact over the next half century. Yet when asked about their specific attitudes towards artificial intelligence and automation in a second survey, many are apprehensive about the impact the technologies will have on their jobs and […]

Stephen Bannon’s Breitbart rips Trump’s tax to pieces

Stephen Bannon’s Breitbart rips Trump’s tax to pieces

In an unusual development, Right-wing news site Breitbart News, a considered Pro-Trump administration media house has attacked President Trump’s tax plan on Thursday, arguing that it wouldn’t help the people he claimed it would.

Breitbart in an article published by John Carney on Thursday morning, ripped the GOP’s framework for tax reform, asserting that Trump pitched the plan to truck drivers “who may see little or no direct benefit” on Wednesday night.

Carney wrote, “There’s very little in the framework, moreover, that would directly benefit most truckers”, saying that Trump’s plan would raise taxes for a family making the median income […]

If Hillary Had Won, We Might All Be Getting Paid to Live in America

If Hillary Had Won, We Might All Be Getting Paid to Live in America

There was the possibility of a basic income under Hillary Clinton. | Drew Angerer/Getty Images Hillary Clinton gave consideration to a national basic income program in 2016.

The goal was to raise incomes using “the Alaska model.”

If the chips had fallen in the right places, it could have led to every American getting a monthly check from the government. Most Americans are sick of hearing about Hillary Clinton . Enough people didn’t trust her, didn’t like her, or couldn’t be persuaded to vote for her, which led to Donald Trump’s victory. After that, we expected […]

How Does the Fundamental Picture Look for Bioblast Pharma Ltd. (ORPN)?

How Does the Fundamental Picture Look for Bioblast Pharma Ltd. (ORPN)?

Bioblast Pharma Ltd. (NASDAQ:ORPN)’s interesting series of developments are underway around the US stock market these days. Now trading with a market value of 10.80M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Bioblast Pharma Ltd. (NASDAQ:ORPN) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health […]

IMF bats for Universal Basic Income in India, eliminating food and fuel subsidies

IMF bats for Universal Basic Income in India, eliminating food and fuel subsidies
The International Monetary Fund (IMF) has pushed for introducing unconditional Universal Basic Income to Indian citizens by eliminating both food and fuel subsidies .

Under Universal Basic Income, every citizen of a country receives a basic amount of money as minimum guaranteed income regardless of their economic status . It is a kind of social security for citizens and the money is transferred directly to their bank accounts.
The uniform UBI for every person is calculated for 2011-12 at Rs 2,600 annually, which […]

INTERVIEW-Radical action vital to calm “perfect storm” – economist

LONDON, Oct 12 (Thomson Reuters Foundation) – As disgruntled voters fall into the arms of promise-all populists, it is time for progressive politicians to get radical and tackle the “grotesque” inequalities that are fuelling extremism, according to economist Guy Standing.

He said Western leaders must finally come clean and publicly back a basic income for all – whether recipients work or not – in a radical break from politics as usual.

“The inequalities have become grotesque, and the political consequences are becoming worrying, with the election of (U.S. President) Donald Trump, and support for far-right fascists, and for Brexit,” said Standing, […]

Is Basic Income the next big population health intervention?

Is Basic Income the next big population health intervention?

Why it’s useful to see Basic Income through the lens of Population Health Intervention Research

Thanks in part to the health sciences, there is widespread public acceptance that being poor is bad for your health. It does not take much to make this connection. We might expect that less food and poor housing conditions interfere with our ability to maintain healthy bodies and immune systems. Less money may mean less access to health services that could treat or prevent illness and disease. Fewer resources might mean less opportunities to build wealth or acquire employment. Poverty also compounds political and […]

IMF says universal basic income could offer right fix to India’s poverty problem

IMF says universal basic income could offer right fix to India’s poverty problem

Citing an Indian case study, the IMF has said that universal basic income “looks good” when it substitutes inequitable and inefficient public spending.

With several countries discussing the option of universal basic income (UBI) for their unemployed population, the International Monetary Fund carried out a simulation exercise of various subsidy schemes with UBI.

A UBI is equal cash transfer to all individuals in a country.The IMF used the schemes that were in place in India at around 2011 and the schemes that it considered were aimed at ensuring access to necessities by the Indian population and also schemes of fuel subsidies.“And […]

Breitbart criticizes Trump’s tax plan: It won’t benefit truckers like he says

Breitbart criticizes Trump’s tax plan: It won’t benefit truckers like he says

© Getty Images Right-wing news site Breitbart News attacked President Trump’s tax plan on Thursday, arguing that it wouldn’t help the people whom Trump said it would.

In an article Thursday morning, the news site chaired by former Trump aide Steve Bannon ripped the GOP’s framework for tax reform, and argued that the plan Trump pitched to truck drivers in Pennsylvania would ignore those same drivers.

"There’s very little in the framework, moreover, that would directly benefit most truckers," Breitbart’s John Carney wrote, explaining that Trump’s plan would raise taxes for a family making the median income for truck drivers by […]

IMF says universal basic income could offer right fix to India’s poverty problem

IMF says universal basic income could offer right fix to India's poverty problem

The IMF has said that universal basic income "looks good" when it substitutes inequitable and inefficient public spending. Citing an Indian case study, the IMF has said that universal basic income "looks good" when it substitutes inequitable and inefficient public spending.

With several countries discussing the option of universal basic income (UBI) for their unemployed population, the International Monetary Fund carried out a simulation exercise of various subsidy schemes with UBI.

A UBI is equal cash transfer to all individuals in a country.The IMF used the schemes that were in place in India at around 2011 and the schemes that it […]