Category: Basic Income

There are those who believe basic income is the way of the future, a foregone conclusion.

In the future, factories will need just one worker and a dog. The dog would guard the machines and the worker will feed the dog. This is no joke. It may be a little exaggerated, but nevertheless it is the sad eventuality of the fourth industrial revolution.

This got billionaire venture capitalist and president of Y Combinator, Sam Altman, to thinking. And so the start-up accelerator launched a campaign for a private enterprise — an offering of universal basic income.From August, the company began […]

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The union government has unveiled a radical proposal to eliminate poverty – providing a universal basic income for all its citizens, while stressing that this is only a concept.

The idea was floated in annual economic survey 2017 that said guaranteeing a stipend to cover every individual’s basic needs would promote social justice.

Universal Basic Income is not a substitute for state capacity, it is a way of ensuring that state welfare transfers are more efficient so that the state can concentrate on other public goods.The economic survey argued that a prerequisite for the success of Universal Basic Income is JAM […]

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I was on an assignment to Canada during the period of January 2014 to April 2015.

After I came back, India’s Social Security Agreement with Canada came into effect on 1 August 2015. While I was there, I paid all the social security taxes in Canada. However, as I was not receiving any salary in India, my provident fund contributions were null. Does this now qualify me as an international worker? Currently, my employer is treating me as an international worker and deducting my provident fund at 12% on ‘total salary’ instead of 12% of ‘basic salary component’. I […]

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Thomas Piketty: Is our basic income really universal? : After our call « For a credible and bold basic income » launched by a group of ten researchers (Antoine Bozio, Thomas Breda, Julia Cagé, Lucas Chancel, Elise Huillery, Camille Landais, Dominique Méda, Emmanuel Saez, Tancrède Voituriez), we received considerable support and also, of course, questions and requests for clarification. The first question was: Given that the system of a basic income which we propose does not defend the idea of an identical monthly allowance paid to each individual, is it really universal? The question is legitimate and I would […]

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This call is the initiative of a group of researchers: Antoine Bozio (Ecole d’économie de Paris, IPP), Thomas Breda (CNRS, Ecole d’Economie de Paris), Julia Cagé (Sciences Po Paris), Lucas Chancel (Ecole d’économie de Paris et Iddri), Elise Huillery (Université Paris-Dauphine), Camille Landais (London School of Economics), Dominique Méda (Université Paris-Dauphine), Thomas Piketty (Ecole des hautes études en sciences sociales, Ecole d’économie de Paris), Emmanuel Saez (University of California, Berkeley) and Tancrède Voituriez (Iddri). It was first published in French on january 25 2017 . The goals of the candidates standing in the presidential primary elections […]

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Pet theory: Not today, and not tomorrow, but somewhere down the line, Donald Trump might set out on a radical economic reform. In short, it wouldn’t be surprising to see him try and give Americans, whether they’re employed or not, a monthly infusion of free money in the form of a universal basic income (UBI).

A UBI is an idea that the left loves and conservatives, predictably enough, have mixed feelings about. The central (and very simplified) gist of the idea involves giving people taxpayer dollars, either in lieu of, or more usually in addition to, whatever benefits they might […]

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iStockPhoto I was on an assignment to Canada during the period of January 2014 to April 2015.

After I came back, India’s Social Security Agreement with Canada came into effect on 1 August 2015. While I was there, I paid all the social security taxes in Canada. However, as I was not receiving any salary in India, my provident fund contributions were null. Does this now qualify me as an international worker? Currently, my employer is treating me as an international worker and deducting my provident fund at 12% on ‘total salary’ instead of 12% of ‘basic salary component’. […]

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I can’t help but feel, that the "reduces our fear of failure" argument, while it will be a desirable outcome of UBI, shouldn’t be put forward as a central argument justifying it – it’s muddying the water & that’s dangerous.

The central argument for UBI should be A) that humans will not be able to compete economically with robots & AI in a free market economic system & B) the wealth generating capacity of that economy, and its existing wealth in stocks, pension funds, property, etc – will steadily collapse if less and less people can earn money to consume […]

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The latest Economic Survey released this month introduces public debate on a radical new idea: the proposal is to roll out Universal Basic Income (UBI) across India – a guaranteed minimum income for all individuals (or, as the Economic Survey concedes in the Indian context, at least 75 per cent of the people).

The survey points out that a basic income scheme would help plug leakages in India’s byzantine welfare system, replacing most targeted schemes with a basic income that would allow citizens avail those goods and services for themselves.

This makes some economic sense. A basic income scheme would be […]

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Amongst the countries preferred by these companies, Ireland tops the list.The survey revealed that Ireland topped the poll as the most popular country targeted for expansion.The findings further showed that currently only 15 percent of fintech firms operate in […]

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