Category: Basic Income

2017 is certainly going to be a year of great experiments. While the US transitions into an unlikely, unexpected, and unprecedented presidency, Finland will begin a program to give its citizens a fixed income regardless of their wealth or employment status. Well, for now, this experiment will only involve a randomly selected 2,000 [unemployed] people over the next two years. Each of these people will be paid 560 euros per month (approximately $587 USD).

The experiment is an attempt to understand if a base income will help to reduce poverty—as well as government red tape—in order to better influence societal […]

Full Post at technewsobserver.com

FINLAND has become the first European country to give its unemployed citizens a guaranteed and unconditional monthly wage for doing nothing — even if they get a job.

A number of countries are toying with the idea of introducing the scheme known as Universal Basic Income (UBI).

It replaces the traditional means-tested welfare system with a no-strings-attached streamlined version which, in theory, would offer a base level of income to everyone.But while some have claimed the scheme is more efficient and could help reduce the amount governments spend on welfare, others have labelled it a dangerous idea and economically untenable.The […]

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The original vs quack demonetization solution

Beware of another quackery coming up like demonetization, called the ‘Universal Basic Income Scheme’ from our Government. At the face of it, the idea appears like a truly people oriented solution. But look deep, it is another quack solution like demonetization.

People had indeed suggested demonetization as a solution to cash part of black money. That was not to remove the ‘current’ cash black-money, but future cash black money. The idea involved demonetizing the higher denominations, not just swapping them with new notes,but totally stop the higher currencies, allow only less than Rs.100 denominations, […]

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Nigeria has just launched itself into a long promised experiment in poverty alleviation in that country. At times the suggestion has been for a universal or unconditional basic income and that is neither of these. It is also most undoubtedly a basic income at N 5,000 a month (say, among friends, $15 US or so). It appears to have more to do with some of the Latin American conditional incomes rather than the dreams of people like me who hunger for that universal and unconditional model. But then given Nigeria’s budget constraints it may well be all the better […]

Full Post at www.forbes.com

This post was originally published on this site Finland has recently begun a two-year trial providing basic income for the unemployed. The concept of a universal basic income, which aims to supply a monthly stipend regardless of employment, has gained currency in recent years. Finland, however, is the first country in Europe to put the idea into practice. Under the new provisions, 2,000 unemployed citizens, selected at random, will receive €560 (£460) per month. The amount will be deducted from the recipient’s other benefits. There are no restrictions on how the money is to be spent and the salary […]

Full Post at 2ruth.net

What Prime Minister Narendra Modi’s speech of December 31 made clear was that India was firmly moving away from the anti-poverty policies pursued by all previous governments. The new approach, made possible by technology, is to get away from the Amartya Sen-advocated in-kind income transfers to some version of cash transfers.
Two major in-kind poverty alleviation policies in operation are the PDS and MGNREGA. Both involve largescale government involvement. The former has the government (Food Corporation of India) involved in procurement, storage, transport and distribution of food. MGNREGA has the government planning projects, employing people, on what is touted […]

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India ‘plans to give every citizen a universal basic income’

Just as Finland began its UBI trial this year, India has announced plans to follow through.

Universal Basic Income in India – a promising experience | degrowth.de Universal Basic Income: Indian Context In the Indian context, the criticism that basic income leads to a free-loader problem has been proved to be wrong by extensive evaluation of the pilot experiments conducted in rural India. In 2011, a pilot project called the ‘Madhya Pradesh Unconditional Cash Transfers Project (MPUCT)’ was launched in rural Madhya […]

Full Post at forum.grasscity.com

Finland is the first country to implement universal basic income scheme at a national level to reduce unemployment and poverty .

Universal basic income (UBI)—an unconditional weekly or monthly cash payment provided to every human being, without the requirement to work—is an emerging concept thanks to countries trialling the concept, like Finland and India .

Finland Is the First Country to Start Paying Basic Income On January 1, 2017, Finland became the first country in the world to pay a free basic income to randomly-picked citizens across the nation. The aim of the program is to improve citizens’ quality […]

Full Post at thebossmagazine.com