Category: Basic Income

Kiosked Error loading player: No playable sources found An exceedingly important proposal in the Economic Survey to introduce a new scheme to guarantee Universal Basic Income (UBI) to every citizen seems to have a favourable climate for experimentation in India. Known by various names, it was discussed in many countries all over the world but mostly dropped as impracticable.

Importantly, the Economic Survey has devoted a whole chapter of 40 pages to this subject. Union Finance Minister Arun Jaitley calls it a “powerful idea” and the Government finds it feasible. It is intended as a substitute to a number of […]

Full Post at www.thehansindia.com

Largest social experiment on universal basic income underway in Kenya

Finance

source: 123rf/copyright: Temistocle Lucarelli Omidyar Network supports the largest social experiment exploring the roles and functions of the universal basic income. Together with GiveDirectly, the foundation established by the eBay founder, will give money to over 26,000 people from Kenyan villages in order to prove the positive impact of the basic income. Omidyar Network is promoting the largest social experiment exploring the roles and functions of the universal basic income. Together with GiveDirectly, 26,000 people from Kenya will receive direct cash transfers and 6,000 of them […]

Full Post at evonews.com

Eero Suominen [PARK SANG-MOON] Finland is home to the Northern Lights, Santa Claus, cloudberries and berry-foragers, reindeers and wolves and shockingly strong coffee.

But the northern European country has recently gained attention in Korea for its new social welfare policy of universal basic income.

“It is a trial – we have selected 2,000 people in Finland who are unemployed or partly employed and are aged between 25 and 58,” said Finnish Ambassador to Korea Eero Suominen. “They are randomly selected and will be given 560 euros ($595) a month. And they will not lose it, even if they get employed.”The Finnish […]

Full Post at koreajoongangdaily.joins.com

Three weeks into his presidency, Donald Trump has seemingly gone out of his way to alienate everyone who opposed him — or perhaps just about everyone, period. Levels of dissatisfaction have reached the point that many would be unlikely to acknowledge Trump even if he did something truly beneficial for society. But then some might ask, what good could he possibly do?

Trump came in on a wave of domestic insurgency. If any mandate can be construed from his messy, purely technical win, it was to shake things up in Washington. And while he clearly does not have the interest […]

Full Post at www.triplepundit.com

The Universal Basic Income UBI debate has been revived because technological progress is changing the relationship between the individual and the economy. The nature of jobs and wealth in today’s world has called many to question the current economic order and seek alternatives.

These developments in particular are driving the basic income debate: The economy in a number of nations; including the United States, is no longer capable of providing full employment. That is a job for everybody that wants one, or has the capability to work. The cause of this is automation and digitalization which eliminate the need for […]

Full Post at geekcrunch.reviews

Eero Suominen [PARK SANG-MOON] Finland is home to the Northern Lights, Santa Claus, cloudberries and berry-foragers, reindeers and wolves and shockingly strong coffee.

But the northern European country has recently gained attention in Korea for its new social welfare policy of universal basic income.

“It is a trial – we have selected 2,000 people in Finland who are unemployed or partly employed and are aged between 25 and 58,” said Finnish Ambassador to Korea Eero Suominen. “They are randomly selected and will be given 560 euros ($595) a month. And they will not lose it, even if they get employed.”The Finnish […]

Full Post at koreajoongangdaily.joins.com

MARICÁ, Brazil: Does being handed money every month—no strings attached—sound attractive? The residents of a small town in Brazil are finding out.

Governments and think-tanks around the world are increasingly fascinated by the idea of a universal basic income, where citizens are given cash to spend as they want.

In Marica, a seaside town of about 150,000 people near Rio de Janeiro, the left-wing municipal government has spent the last year finding out how it works.“We are a laboratory for the Brazilian left,” says Washington Quaqua, who introduced the experiment as mayor in December 2015 before stepping down. He was replaced […]

Full Post at www.manilatimes.net

In January 2017, The Guardian published an interview with Matt Kerr, the Glasgow councillor who has spearheaded an effort to establish a basic income pilot in the city.

Kerr charges that the UK’s social benefit system is no longer adequate, and believes that it is important to consider radical change as a way to give people hope. Look, it might be that at the end of this whole exercise we find that it’s just not workable, but I’d rather give it a go in good faith. At the moment, defending a system that is only slightly better than the […]

Full Post at basicincome.org