Category: Basic Income

Canada might be getting Universal Basic Income

Ontario is going to have a 3 year test with it, where most people will get an extra 1300ish or more dollars of tax free money a month.

But, I don’t know if it’s everywhere yet or just certain places. But holy crap. Never thought we would get something like this here.

A lot of people are against it cause they say people will just get lazy and not work. But I think that will be the minority, cause people want more in life than what 1300 dollars a month will give.Cause if they work, they get this still and with […]

Thread: A Privately Funded Experiment in a Universal Basic Income

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How To Pay For Universal Basic Income

How To Pay For Universal Basic Income

Getting your share of what’s yours would be one way to describe How To Pay For Universal Income f rom Evonomics… Lately there’s been renewed discussion of universal income: regular cash payments to everyone, regardless of race, gender or need. Past proponents of the idea include the revolutionary Thomas Paine, civil rights leader Martin Luther King, Jr., free-market economist Milton Friedman and President Richard Nixon. Today’s interest has been sparked by the income stagnation experienced by America’s middle class and working poor, and by the persistent slow growth experienced by our economy. The idea finds support across America’s ideological […]

Progressives push guaranteed income plan to woo working class

Progressives push guaranteed income plan to woo working class

The idea offers a window into how some progressives are attempting to deal with the aftermath of President-elect Trump’s victory over Hillary Clinton last month, and broaden the appeal of liberal policies to frustrated working class voters. (iStock Photo) A liberal coalition is pushing for the implementation of a basic salary for all Americans that would be funded by federal taxpayers.

The Economic Security Project, unveiled this week, said its proposal addresses the question of how to undo the rigged economic system in the U.S. and improve the well-being of everyone struggling to get by financially.

The project plans to invest […]

Why now is the time to cash in your final salary pension

Why now is the time to cash in your final salary pension

Simon Major decided to take the cash from his scheme The millions of people who save into final salary pension schemes have always faced the temptation of transferring their savings to an alternative pension.

While final salary or “defined benefit” pensions pay a guaranteed income for life, they are not as flexible as the alternative “defined contribution” plans.

Under the latter, you can take multiple lump sums and pass any unused savings down the generations free of inheritance tax. In a final salary scheme income is typically not paid after the death of the member’s spouse.Transferring from a final salary to […]

Discuss universal basic income

SunburnCostanza posted… otisanime posted…
I personally think it’s a stupid band-aid to avoid the bigger problem is that when you run out of workers to exploit, Capitalism basically collapses on itself, but no one really seems to want to admit that.

(Nevermind that if all people get a basic level of income, it’s just going to make prices go up. Better to give people life-basics, like a home, running water, communication, transport, education, food, health services, etc. The stuff to thrive and not die, and the tools to get a better life, freely.)
That being said… it’s probably better […]

Canadian province votes to trial Universal Basic Income

Canadian province votes to trial Universal Basic Income

In the face of growing automation which many governments and analysts believe will lead to a rapid rise in global unemployment levels a Canadian province has unanimously voted in favour of trialling a Universal Basic Income (UBI), a form of social security where all the citizens of a given state or country are guaranteed to regularly receive a sum of money in addition to the money they earn elsewhere.

As a concept UBI is naturally controversial which is why most governments, such as Finland, Holland, Japan, Scotland , the UK and USA are taking baby steps and voting on whether […]

Elon Musk says robots will push us to a universal basic income—here’s how it would work

Elon Musk says robots will push us to a universal basic income—here’s how it would work

Initially it’s easy to be opposed to the idea of UI, but it actually starts making sense when you think about it.
-Without a UI the masses of unemployed workers will just turn to crime or riot, and society will need to spend a huge amount of money fighting against this and locking people up in prison. The amount of money currently spent to incarcerate a prisoner for a year could easily be used to instead pay them a UI and avoid the financial motivation for crime in the first place.
-Without a UI, how would our […]

3 ideas to fight global and US poverty are gaining traction

Feeling bummed out about the new study showing growing income inequality in the United States — with half the country going without a raise since 1980?

Buck up.

Here are three big wins this week for those fighting on behalf of the economically underprivileged. Portland, Oregon, will tax companies with overpaid CEOs to support the homeless. On Wednesday, the city council of Portland, Oregon, passed a new measure aimed at stemming income inequality: taxing disproportionately well-compensated CEOs, the Portland Business Journal reported.According to the Guardian , it’s the first measure of its kind, and would basically add a surcharge of 10% […]

The Basic Income and Job Guarantees are Complementary, not Opposing Policies. – The Minskys

The Basic Income and Job Guarantees are Complementary, not Opposing Policies. - The Minskys

I get into a lot of arguments with JG supporters but it’s not because I hate the idea of JG, it’s because I hate the idea of JG without UBI. If you want to push for a JG in addition to UBI, so that everyone with a UBI has the opportunity, if they so choose, to earn additional income through paid work, fine, and if the population desires that enough to pass it into law in addition to a UBI, so be it.

However, a JG without a UBI is like giving someone the choice between Coke and Pepsi. Yeah, […]