Category: Basic Income

The World’s Richest Man Says It’s Too Early For Universal Basic Income

The World’s Richest Man Says It’s Too Early For Universal Basic Income

Universal Basic Income or UBI is a system of income distribution in which the government gives all its citizens the same fixed amount of money on a monthly basis, regardless if they are working or not, or whatever their level of income is. Due to the impending threat of mass unemployment resulting from widespread automation, the feasibility of UBI as a solution has steadily been gaining popularity, particularly from notable personalities whose opinions and views are held in high esteem.

Among the known advocates of UBI is Tesla (NASDAQ: TSLA ) boss and SpaceX CEO Elon Musk, who just recently […]

Is a Universal Basic Income(UBI) coming?

Is a Universal Basic Income(UBI) coming?

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a reply to: Serdgiam We seem to agree in principal. The idea is that we can make welfare actually sustianable if we give some sort of goods that actually produce and create recurring value rather than consumable goods that only vanish into nothingness. How to do that differs a bit between us such as what types of goods and the distribution mechanism but on the base idea we agree. That tends to make me think there’s something to it if both of us, who have very different world views still see the same basic concept as the […]

Phil Teer: Universal Basic Income – an Insurrection of the Imagination

Phil Teer: Universal Basic Income - an Insurrection of the Imagination

> 1. UBI Universal Basic Income PRESENTED BY : Phil Teer :

2. HOW DO YOU SELL THE IDEA OF UNIVERSAL BASIC INCOME? UBI: 2017

3. AN ACTION MANIFESTO UBI: 2017 4. UBI: 2017 is about all of us UBI1: 5. NEITHER A SKIVERS WAGE NOR AN ATTACK ON WELFARE. 6. UBI: 2017 7. UBI IS A NEW DIRECTION UBI: 2017 1: 8. UBI: 2017 UBI IS AN EXISTENTIAL QUESTION FOR THE AGE OF ROBOTS 9. UBI: 2017 10. “MONOPOLY IS MUCH MORE FUN WHEN OTHER PEOPLE CAN PLAY TOO” […]

Universal Basic Income

hawghiggs
All American Post: #63 RE: Universal Basic Income
(Yesterday 11:27 AM)Crebman Wrote: (Yesterday 10:51 AM)hawghiggs Wrote: (Yesterday 10:28 AM)gdunn Wrote: Guys I misunderstood. It’s $5500 a year.

However. As someone who lived through Katrina and the FEMA handout debacle, it’s not a good idea. FEMA gave money to displaced people to pay for living, food, etc. Some people pissed it away on TVs, Louis Vuitton bags, xBoxes, etc. Then cried when they were evicted from their hotels or didn’t have food. Saw it. Local churches opened their doors, gave them places to sleep and […]

Finland Has Finally Launched Its Universal Basic Income Experiment

Finland Has Finally Launched Its Universal Basic Income Experiment

It looks like 2,000 citizens in Finland will welcome the new year with outstretched arms. These Finns are the lucky recipients of a guaranteed income beginning this year, as the country’s government finally rolls out its universal basic income (UBI) trial run. UBI is a potential source of income that could one day be available to all adult citizens, regardless of income, wealth, or employment status.

This pioneering UBI program was launched by the federal social security institution, Kela . It will give out €560 ($587) a month, tax free, to 2,000 Finns that were randomly selected. The only requirement […]

Is the Basic Income Experiment in Kenya Really the Best Way to Combat Poverty?

Is the Basic Income Experiment in Kenya Really the Best Way to Combat Poverty?

GiveDirectly is a lauded charity known for its evidence-driven methods. Does its new basic income program in Kenya disregard past research? A boy runs along a dirt road in Kogelo, western Kenya. (Photo: Peter Macdiarmid/Getty Images) Last week’s New York Times Magazine featured a fawning Annie Lowrey profile of GiveDirectly , a charitable start-up that specializes in unconditional cash transfers for impoverished villagers in rural Kenya. As Lowrey discusses, GiveDirectly is currently undertaking a long-term project whereupon over 6,000 Kenyans in 40 villages will receive a “basic income” of around $22 a month for 12 years. GiveDirectly has been […]

Rise in insecure work means universal basic income needed more than ever, Government told

Ride-hailing app firm argued that standard required of Transport for London test to obtain licence was too highThe ride-hailing app firm Uber has lost a high court case in a ruling that means all minicab drivers in London will have to pass a written English test, including a short essay.The judge, Mr Justice Mitting, admitted this could cost the capital 40,000 cab drivers over three years but said Transport for London had no other option that was less restrictive. The San Francisco-based firm said it would appeal against the ruling. Continue reading…

NICOLA STURGEON is making a mess out of […]

Leading economists promote guaranteed minimum income

Leading economists promote guaranteed minimum income

‘A basic income for all as a share of the country’s gross national income will empower weak groups and enhance Productivity, say Kalle Moene and Debraj Ray. Credit: Ola Sæther Inequalities are increasing globally. Millions of people work for an income that does not provide them with a living, and welfare states and trade unions are under pressure. A basic wage that increases in line with economic progress can reverse this development, according to two leading economists.

A guaranteed minimum income such as the citizen’s wage provides security for all. Might it be possible to design schemes in such a […]

Will you retire on £21k a year? Most savers fear they will miss ideal income goal for comfortable old age

Will you retire on £21k a year? Most savers fear they will miss ideal income goal for comfortable old age

The majority of workers in the UK’s biggest cities are pessimistic that their pensions will provide for a comfortable old age, new research reveals.

People in Belfast, Cardiff and Nottingham are least likely to be confident about their retirement finances. Meanwhile, the workforces of Plymouth, Newcastle and Manchester are most optimistic, but even in those places less than half believe they will have enough put by for later life, according to the survey by Prudential.

Overall, just 36 per cent believe they are on course for a decent retirement, which on average they estimate will require an income of £21,120 a […]

Bill Gates: We’re not quite ready for universal basic income

Bill Gates: We're not quite ready for universal basic income

Under a universal basic income, all citizens of a country are entitled to an unconditional amount of money. Bill Gates. Picture: AFP.

Income for all

In theory, a universal basic income (UBI) would be great. Under such a system, all citizens of a country are entitled to an unconditional amount of money on top of income they already generate through other means. It could spur productivity, improve health, alleviate poverty, reduce crime, raise education, and improve quality of life. It’s also especially relevant, given the reality of automation taking over more and more jobs.UBI’s potential has prompted several […]