Category: Basic Income

Written by: Rahul Basu

It is often argued that the existing system of benefits is riddled with flaws, and a universal basic income would be preferable. Arguments made include the high cost of administration, the errors of exclusion (target group not receiving the benefit), the errors of inclusion (people wrongly receiving the benefit), corruption, and the cost of access for the beneficiary, which includes time, effort, and suffering degradation at the hand of bureaucracy. What this explanation doesn’t specify is under what conditions is targeting preferable, and when is universalization better?

Let’s take a simple model to examine some scenarios. […]

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>> >>115981616

>what is inflation

>>115981050 Lemme break it down for u>Robots produce everything at little to no cost>Robots deliver everything at little to no cost>Robots take your order at little to no cost>Robots let you self checkout at little to no costDrives costs down massively, a big mac now costs $0.50 cause you dont have 15 year olds to pay at $15/hour because gib me anymoreCosts of living goes down dramatically, but no one has a job except the ones who are lucky to have a job that’s not automated (yet)So no jobs = no customers = businesses […]

Full Post at boards.4chan.org

>> >>115981616

>what is inflation

>>115981050 Lemme break it down for u>Robots produce everything at little to no cost>Robots deliver everything at little to no cost>Robots take your order at little to no cost>Robots let you self checkout at little to no costDrives costs down massively, a big mac now costs $0.50 cause you dont have 15 year olds to pay at $15/hour because gib me anymoreCosts of living goes down dramatically, but no one has a job except the ones who are lucky to have a job that’s not automated (yet)So no jobs = no customers = businesses […]

Full Post at boards.4chan.org

The Associated Chambers of Commerce & Industry of India

“The Knowledge Chamber: Serving the Nation since 1920”

Implement Universal Basic Income for women, says ASSOCHAM Women Foundation Wednesday, March 08, 2017 Saluting the un-measureable contribution of women to the society, apex industry body ASSOCHAM today picked up the idea of Universal Basic Income (UBI), only for women, from a key government document, stating implementation of such a scheme can bring in significant transformation in India’s socio-economic landscape.“While India may not be ready for an all – encompassing UBI ,given the country’s scale of development where the […]

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Use of big data should be the key in policy making: Arvind Subramanian at CUTS Thought Leadership Lecture

New Delhi, Mar 9 (KNN) The Economic Survey 2016-17 has been able to utilize big data for aggregating trends related to movement of people and goods in the country. These trends have contributed to key policy suggestions in themes like domestic migration, trade, economy, universal basic income etc, said Dr. Arvind Subramanian, Chief Economic Adviser (CEA), Government of India.

He was speaking at the ‘CUTS Thought Leadership Lecture’ organized by Consumer Unity and Trust Society in partnership with University of Rajasthan. The […]

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Basically, I started researching this topic very basically, through a cursory Google search, and seeing if any respectable news sources had articles on the topic. I found a plethora of articles on websites like Forbes, FiveThirtyEight and The Economist, so I decided to see if I could find academic and scholarly articles on the topic. After searching through JSTOR and Academic Search Premier I was absolutely blown away by the sheer amount of articles discussing a guaranteed minimum income (I also searched for basic income, and a basic minimum income). I had zero hassles finding out information for this […]

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Many of you reading this already know this, but for those who don’t, I have a crowdfunded basic income . This means that I start every month with $1,000 as my absolute minimum for the month no matter what. I’m free to then earn any amount on top of that $1,000, but I never earn less than that in any given month. That’s a basic income. It’s an unconditional income floor.

Some confuse this idea with welfare but the two ideas are like night and day. Because welfare is removed with earned income, instead of kept in addition to earned […]

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The first time Basic Income was pitched to me I have to admit I thought it sounded completely unrealistic. An unconditional payment to each individual, to support their full lives, whether working, studying, caring or being cared for? I remember sitting in Stalybridge Labour Club with a beer after a meeting, when my friend Gordon introduced me to the concept. “How else,” asked Gordon, “will we ensure sufficient support for people as they have to retrain throughout their working lives – not just for several different jobs, but for several different careers?”.

Gordon’s question is the right one, and it […]

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The Basic Income theory has been floating around in different intellectual circles. Last year Sam Altman of Y-Combinator wrote an essay wrote a great essay on it. He is also spearheading a new pilot test in Kenya. There is a whole subreddit devoted to it.

Some countries like Finland are carrying out new projects to test out a Basic Income. Since the start of 2017, 2,000 unemployed citizens of Finland have been receiving $590 each month. They will continue to do so until 2019.

I stenographed a conversation David Graeber had a while back about Basic Income, and I think that […]

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Residents gathered late last year at the town’s arena to hear more about the pilot project Some members of Smiths Falls council along with County Warden Bill Dobson, met last weekend with the Hon. Chris Ballard, Minister Responsible for the Poverty Reduction Strategy, to advance the case for a Basic Income pilot project in the region.

“We had an opportunity to present a briefing, which we had prepared in advance, and talked about why we believe that Smiths Falls and/or Lanark County would make a good location,” said Chris Cummings, Smiths Falls Councillor.

During the meeting, Cummings noted that the controversy […]

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