Category: Basic Income

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Jim Chalmers. Credit to: Financial Review.

Jim Chalmers , a Labor Party MP in Australia, claims that basic income, a concept gaining traction in Australia, is a “backward step”. His concerns focus on perceived increases in inequality and affordability issues. Chalmers and Mike Quigley , former chief executive of NBN Co, have laid out these views in their latest book, “Changing Jobs: The Fair Go in the New Machine Age”, released on the 25 th September 2017.

According to Chalmers and Quigley, the way forward is to aim for full employment, in the face of technological change. This generally aligns […]

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Imagine if everyone in Mississauga was guaranteed a sum of money to meet their basic needs and stay on their feet each month. As people struggle with basic needs like food and housing across our city, a basic income could improve the quality of life for a lot of Mississaugans. Though it might sound idealistic or radical to some, a basic income pilot project has officially launched in parts of Ontario this month – and it could reach Mississauga if it’s successful.

This month, four hundred people from Hamilton, Brantford, Brant County and Thunder Bay and the surrounding area will […]

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In August, Gennaro Zezza and his co-authors Michalis Nikiforos and Marshall Steinbaum had a paper for the Roosevelt Institute , studying the effects of a Universal Basic Income. The model uses the Levy Institute ‘s model.

The idea is simple. If a basic income is provided for everyone, it raises domestic demand because of higher consumption and hence leads to higher output. This is easy to see if there’s no rise in tax rates. If tax rates are increased so that the income provided matches the taxes raised, it’s still a stimulus to the economy, since the propensity to consume […]

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Imagine if everyone in Halton was guaranteed a sum of money to meet their basic needs and stay on their feet each month. As people struggle with basic needs like food and housing across our city, a basic income could improve the quality of life for a lot of Haltonites. Though it might sound idealistic or radical to some, a basic income pilot project has officially launched in parts of Ontario this month – and it could reach Halton if it’s successful.

This month, 400 people from Hamilton, Brantford, Brant County and Thunder Bay and the surrounding area will be […]

Full Post at www.inhalton.com

Billionaire entrepreneur Sir Richard Branson has said “extreme wealth” created by artificial intelligence should be redistributed to human beings through a form of universal basic income. Billionaire entrepreneur Sir Richard Branson said that “extreme wealth” created by artificial intelligence should be redistributed to human beings through a form of universal basic income.

He made the proposal during an interview with a Norwegian business publication while taking part in the Nordic Business Forum. "Basic income is going to be all the more important. If a lot more wealth is created by AI, the least that the country should be able to […]

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Computer scientist and robotics entrepreneur Rodney Brooks has authored a powerful and persuasive corrective to, as he see it, a sort of fanciful optimism about the speed of artificial intelligence advancement. In an essay at MIT Technology Review, Brooks offers reasoned skepticism about the “wide-scale destruction of jobs, the Singularity, or the advent of AI that has values different from ours and might try to destroy us” and urges experts “push back” against such mistaken thinking. It’s far too soon to fear AI evolving into Hal 9000. Via Giphy.

And with good reason. Public concern about these potential downsides […]

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It’s worth it to have a look at Jupai Holdings Limited (NYSE:JP) as there may be a chasm between the bulls and the bears as far as recent trading activity goes. Now trading with a market value of 639.28M, 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.

Jupai Holdings Limited (NYSE:JP) Fundamentals That Matter

It’s generally a good idea to start with […]

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