Category: Basic Income

Most Americans would favor policies to limit job and wage losses caused by automation

Most Americans would favor policies to limit job and wage losses caused by automation

Americans are apprehensive about a future in which machines take on more of the work now done by humans, and most are supportive of policies aimed at cushioning the economic impact of widespread automation, according to a new Pew Research Center survey . The vast majority of Americans (85%) say they would support restricting workforce automation to jobs that are dangerous or unhealthy for humans to do, including 47% who support the idea strongly, according to the survey, conducted May 1-15 among 4,135 U.S. adults. A smaller majority (62%) would favor giving consumers the option to pay extra to […]

The Pension Trick That Can Double Your Tax-Free Lump Sum

The Pension Trick That Can Double Your Tax-Free Lump Sum

For many retirement savers, the tax-free lump sum available from the age of 55 years old is the main attraction of a pension.

That major cash boost is set as a payment of 25% of a pension fund.

For direct contribution pensions, such as a self-invested personal pension (SIPP) or personal scheme, the money is set as 25% of the fund value.For direct benefit or final salary pensions, the lump sum is calculated as 25% of the value of the first year’s payments times 20.So, for a £20,000 a year annual pension, that’s £20,000 x 20 = £400,000 x 25%, which […]

Basic Income Grant under consideration

Basic Income Grant under consideration

Tackling inequality… Minister of Poverty Eradication and Social Welfare Zephania Kameeta (centre) with representatives from Omusati, Ohangwena, Oshana and Oshikoto at a meeting to discuss the blueprint and implementation plan to tackle poverty and inequality. Photos: Nuusita Ashipala Ongwediva-In eradicating poverty and addressing income inequality, the Ministry of Poverty Eradication and Social Welfare has reiterated its commitment to enhance the fragmented social protection system in the country.
Minister of Poverty Eradication and Social Welfare Zephania Kameeta said this when he met with Oshana, Omusati, Oshikoto and Ohangwena representatives to discuss the blueprint and implementation plan to address poverty […]

Half of financial advisers are wrongly recommending pension transfers, regulator finds

Half of financial advisers are wrongly recommending pension transfers, regulator finds

The Financial Conduct Authority is concerned that financial advisers are recommending pension transfers that may not be in the individual’s best interest.

As part of a review of defined benefit pension transfers, the regulator has found that recommendations to transfer were inappropriate in more than half of the cases it examined.

Over the past 12 months, the FCA says the number of people seeking to transfer out of defined benefit pension schemes – which pay a guaranteed income for life related to salary – has soared.Scheme members are being drawn by high transfer values and the ability to spend their cashed […]

Experts from diverse fields lead economic and social discussions at two-day Berkeley India Conference

Experts from diverse fields lead economic and social discussions at two-day Berkeley India Conference

Baijayant Panda, Montek Ahluwalia, and Dr Tejani at the Berkeley India Conference (Image via Twitter) NEW DELHI: Political and social leaders got together to discuss and propose solutions to the problems faced by the Indian economy, at the Berkeley India Conference 2017. A panel of experts from diverse fields spanning inter alia, policy, journalism, academia, and politics, led discussions and interacted with students in this two-day conference.

In an economy-based discussion, Montek Singh Ahluwalia, Baijayant ‘Jay’ Panda (Biju Janata Dal party), and Sheba Tejani, Assistant Professor at The New School, discussed the future of India and Indian policy.

On Universal Basic […]

MELVYN FEIN: Losing more ground

MELVYN FEIN: Losing more ground

During the heyday of the Roman Empire, its rulers sought to keep the inhabitants of its capital city from engaging in an insurrection. The emperors did not want to be overthrown by a mob of proletarians. And so, they sought to keep the lower classes distracted.

The method used was “bread and circuses.” Gladiators, who sometimes fought to the death, riveted the attention of the poor in the Coliseum. Charioteers, who often threw caution to the wind, similarly elicited raucous cheers in the Hippodrome. This fun was free. So were the many holidays where work could be set aside.

Nor was […]

Andy Snyder on the Pros and Cons of Universal Basic Income

Transcript:

Samuel Taube: Joining us again today is Andy Snyder, the former editorial director of The Oxford Club and, more recently, the founder of Manward Press .

And today we are talking about the pros and cons of the controversial policy idea known as universal basic income. Andy, thanks for joining us again.Andy Snyder: Thanks for having me back. I appreciate it.ST: Yeah, sure. I think every time you come on the podcast, one of us is sick, so bear with us here.So as we often do, let’s just start with a basic definition here. What is a universal basic income […]

Andy Snyder on the Pros and Cons of Universal Basic Income

Andy Snyder on the Pros and Cons of Universal Basic Income

Transcript:

Samuel Taube: Joining us again today is Andy Snyder, the former editorial director of The Oxford Club and, more recently, the founder of Manward Press .

And today we are talking about the pros and cons of the controversial policy idea known as universal basic income. Andy, thanks for joining us again. Andy Snyder: Thanks for having me back. I appreciate it. ST: Yeah, sure. I think every time you come on the podcast, one of us is sick, so bear with us here.So as we often do, let’s just start with a basic definition here. What is […]

Jeff Berwick & Doug Casey Debate Ellen Brown On “Universal Basic Income”

Jeff Berwick & Doug Casey Debate Ellen Brown On “Universal Basic Income”

UBI might not work, but that doesn’t mean the deep state is not about to try it. Here’s what Universal Basic Income is all about, and what it is not about…

From The Dollar Vigilante :

Last week at the Nexus Conference I was on a panel with Doug Casey debating Universal Basic Income (UBI) with Flip Flipkowski and Ellen Brown, the President of the Public Banking Institute.I have never actually looked into UBI much and assumed it was just a passing, bizarre fad. But it appears to be gaining a lot of traction with people who like to virtue signal […]

Artificial Intelligence: A Strong Case for Universal Basic Income

Artificial Intelligence: A Strong Case for Universal Basic Income

“If you don’t know what you’re living for, you haven’t yet lived.” – Rabbi Noah Weinberg. This message from Rabbi Weinberg is a very strong message for the world today. We as humans have come to a point where we will decide the future of this planet. We will decide the well-being of Humans, Animals, Plants and our own Natural Resources. Artificial Intelligence (AI) promises to be our biggest partner if implemented wisely. Germany, Israel, Russia and USA today lead the race to dominate the world of AI. AI and robotics will have a big impact on the future […]