Category: Basic Income

"Grossly unfair" farm subsidies should be replaced with a new system which allows all farmers the safety net of a basic income, a land and environment expert has told the government. Professor Ian Bateman, Director of the University of Exeter’s Land, Environment, Economics and Policy Institute (LEEP) has set out a new vision for a "harmonisation" of environmental and agricultural policy following Brexit.In a speech to the the Conservative Party conference in Manchester, Professor Bateman called for the scrapping of current agricultural policy.He said the CAP has overseen long-term decline in the natural environment, poor value for money to […]

Full Post at www.farminguk.com

Continuing the series of Recruitment and Employment Confederation blogs from this year’s major political party conferences – Karen O’Reilly, stakeholder engagement manager at the REC, reports from the Scottish National Party conference in Glasgow. After all the drama in Manchester, Scotland’s First Minister Nicola Sturgeon would have been hoping for a less fractious Scottish National Party (SNP) conference in Glasgow. The biggest upset occurred away from the conference centre though with Gordon Strachan’s side failing to qualify for the World Cup. The disappointment at the SNP’s business dinner, which took place just minutes after the defeat, was plain to […]

Full Post at www.recruiter.co.uk

The IMF has said that universal basic income ‘looks good’ when it substitutes inequitable and inefficient public spending. The IMF has said that universal basic income "looks good" when it substitutes inequitable and inefficient public spending. (File Photo/Representational) Washington: 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 […]

Full Post at www.deccanchronicle.com

Currently three quarters of funding goes to the biggest quarter of farms “Grossly unfair” farm subsidies should be replaced with a new system which allows all farmers the safety net of a basic income and enhances the natural environment, a University of Exeter expert has told the government.

Professor Ian Bateman, director of the University of Exeter’s Land, Environment, Economics and Policy Institute (LEEP), told the Conservative Party conference that the current agricultural policy needs to be scrapped. He said that it has overseen long-term decline in the natural environment, poor value for money to tax payers and a bad […]

Full Post at www.somersetcountygazette.co.uk

“Where is the money going to come from?” a Chinese teenager shouts.

“The government can print more money!” her opponent replies fervently.

It’s day one of the National High School Debate League Competition (NHSDLC) championship, and two high schools students are arguing over whether the US should implement a Universal Basic Income, in a high school classroom in west Beijing, in English.They are just two of the nearly 500 students participating in the biggest English debate league competition in China, from places as far-flung as Ningxia and Liaoning. For these young people, it’s the culmination of months of research and success […]

Full Post at www.thatsmags.com

You may have already heard about the concept of Universal Basic Income (UBI). It is a buzz term that has periodically found its way into mainstream news stories for a few years now. I like the idea of receiving an income simply because I am a citizen, so I have decided to blog about the UBI concept in this installment.

The concept of a Basic Income (BI) is a cash payment unconditionally delivered to all on an individual basis; there is no means test or a work requirement. Recipients may spend it on whatever they choose as there are ‘no […]

Full Post at www.national.edu

Labour has hailed a report calling for the government to spend £42billion a year handing out free housing, food, bus passes, phones and broadband.

The utopian plan, drawn up by a crack team of academics, would involve the state picking up the tab for a range of basic costs.

The researchers at UCL’s Institute for Global Prosperity say the radical move is needed to counter the ‘rise of the robots’ – as firms increasingly replace human workers with machines.Shadow chancellor John McDonnell praised the ‘bold new’ approach, and said it would ‘help inform Labour’s thinking on how we can build an […]

Full Post at www.dailymail.co.uk

Vitor Gaspar, Director of Fiscal Affairs at the IMF Says it will be a better alternative to current subsidy schemes

Washington DC, October 11:

As policy-makers in New Delhi debate the concept of the Universal Basic Income (UBI) that would do away with current government benefits, the International Monetary Fund has come out in support of such a move on the grounds that it would perform better than current fuel and food subsidies.“A UBI would outperform the PDS and energy subsidies along three key dimensions of coverage, progress and generosity,” said the IMF in its Fiscal Monitor that was released on […]

Full Post at www.thehindubusinessline.com

The president of the World Bank warned about the dangerous path intelligent automation seems to be paving for humankind. To be prepared, he suggests that governments invest in two important areas — education and health. Education for Automation

More and more experts agree that the world job market is in for a disruption that is unprecedented, or at least that hasn’t been seen since the Industrial Revolution . In a decade or so, automation born from artificial intelligence (AI) development is expected to take over jobs in a number of industries — from transportation to manufacturing, finance, and even […]

Full Post at futurism.com