Category: Basic Income

The pretty boy is testing out an experiment on 1,320$/month universal basic income. It’ll never work or get past a small scale experiment, and here’s why:

At 1,320$ per month, that’s 15,840$ per year. Expand that to the country (36 million people) and you get 570.25 billion, or 197% of this revenue the Federal government made this year.

But wait, there’s more.On top of the fact you’d need to double the tax revenue the Federal government makes to fund this program, you also have to take into consideration that far from all Federally funded programs are going to go away. These […]

Full Post at boards.4chan.org

Chief Economic Advisor Arvind Subramanian delivering the 15 th K P Hormis Commemorative Lecture in Kochi Chief Economic Advisor Arvind Subramanian says India can afford it only if a few of the existing welfare programmes are phased out

Kochi, March 14:

Chief Economic Advisor Arvind Subramanian sought to allay the fears on Universal Basic Income (UBI), saying the scheme will not replace the basic responsibilities of the government in extending healthcare facilities and education.“It is the responsibility of the government to provide the services in these sectors to its citizens. The UBI will be feasible only if it replaces some of […]

Full Post at www.thehindubusinessline.com

AP

It might seem odd for tech entrepreneurs to take an interest in income distribution policy. But an increasing number of high-profile Silicon Valley executives are endorsing universal basic income (UBI), a system in which everyone receives a standard amount of money just for being alive.

On the one hand, it’s a way to reduce poverty, but tech folks also see it as a way to solve the growing problem of robot automation. That issue hits close to home for many of them, because they are the ones largely driving this robot revolution.Here are some of the highest-profile entrepreneurs who have […]

Full Post at www.businessinsider.sg

As discussed in great detail with lots of online links here , the ruling class is starting to promote the idea of a Universal Basic Income (UBI). UBI would mean that every adult citizen, without exception, would receive a certain sum of money (the same for everybody) from the government each month.

UBI is a trap! Many people who want our society to be more equal economically view UBI positively (at first). They very rightly want people who work but who aren’t paid for their work, or who aren’t paid enough, to get more pay, and they hope UBI will […]

Full Post at www.opednews.com

For many people filing taxes involves an expensive trip to an accountant, a visit to a company specializing in the area, or the use of software which comes with its own costs.

There are however a number of ways to do your taxes for free. The choices vary based on income, but every American can file his or her taxes without paying a single dime for it.

Of course, just because you can do something does not mean you should. If you have a complicated tax form — perhaps you are self-employed, own a business, or make money from multiple places […]

Full Post at www.fool.com

Laura Pennacchi Le Monde has good reason to claim that the idea of a “universal basic income” (UBI) or “citizen’s income”, which in these times of unrestrained populism is reappearing in Italy and France, is “a false good idea ”. The theory (an unconditional universal income guaranteed for all citizens of a given community) poses enormous problems of cost – we are speaking of hundreds of billions of euros – against the much more limited sum that would be required for “plans for the direct creation of jobs for young people and women” inspired by a “universal right to […]

Full Post at www.socialeurope.eu

There are any number of arguments about why we should have a system of a Universal Basic Income, a UBI. There are those who worry about the robots coming to steal all our jobs for example, what are the workers going to do without a job nor an income? Those fears are massively overblown but there is still an argument in favour of the UBI–it’s a more efficient manner of alleviating poverty. It is this point which Arvind Subramanian is making here : Universal Basic Income (UBI) will be a better option than welfare schemes rolled out by Union […]

Full Post at www.forbes.com

TOP leader Gareth Morgan wants a universal basic income in New Zealand. Photo / Mark Mitchell New Zealanders aged over 65 or families with children under three would get a Government handout of $200 a week under a policy announced The Opportunities Party today.

The payments would eventually be extended to all adult New Zealanders, as part of an "unconditional basic income" (UBI) worth around $10,000 a year.

The proposal is at the heart of The Opportunities Party’s superannuation and families policy announced in Christchurch this afternoon.The party said that in a world where paid employment was becoming increasingly uncertain, a […]

Full Post at www.nzherald.co.nz

The pretty boy is testing out an experiment on 1,320$/month universal basic income. It’ll never work or get past a small scale experiment, and here’s why:

At 1,320$ per month, that’s 15,840$ per year. Expand that to the country (36 million people) and you get 570.25 billion, or 197% of this revenue the Federal government made this year.

But wait, there’s more.On top of the fact you’d need to double the tax revenue the Federal government makes to fund this program, you also have to take into consideration that far from all Federally funded programs are going to go away. These […]

Full Post at boards.4chan.org