Category: Basic Income

NewsWrap » PolitEco A Deputy Editor with BusinessLine who loves economics, football, cricket, films, reading and long-distance running! Given the huge outgo, a universal income scheme may inevitably become a targeted exercise

The concept of universal basic income has been grabbing a great deal of attention of late. The 2016-17 Economic Survey has a 30-page chapter on this topic. This isn’t surprising, given that the author of the Survey, Chief Economic Advisor Arvind Subramanian, is a big supporter of it.

There can be no denying that assuring people a minimum income every month will make a dent on poverty, provide a […]

Full Post at www.bloncampus.com

John McDonnell, Labour MP and Shadow Chancellor of the Exchequer in the UK, has revealed that the Labour Party has established a working group to investigate universal basic income. Guy Standing, cofounder of BIEN, will play a key role in drafting their report.

Speaking directly to Basic Income News, Standing explains: “I have been invited to become an economic adviser to the Labour Party, and in particular to John McDonnell, the Shadow Chancellor (effectively, the Opposition finance minister). He has asked me to help prepare a detailed strategy report for framing a basic income and enabling the Labour leadership to […]

Full Post at basicincome.org

Helsinki, Finland Oleksiy Mark/Shutterstock LONDON — Finland’s experiment with a universal basic income is unworkable and unaffordable, according to the country’s biggest trade union.

Since January, Finland’s government has paid a group of 2,000 unemployed Finns aged between 25 and 58 with a monthly stipend of £480 ($600), as it considers a radical new welfare system.

"We think it takes social policy in the wrong direction," Ilkka Kaukoranta, chief economist of trade union group SAK told Bloomberg . The group has one million members in a country of 5.4 million people.Advocates say rolling out the system would provide a vital safety […]

Full Post at www.businessinsider.com

The Brazilian non-profit organization ReCivitas , known in basic income circles for its ongoing pilot in the village of Quatinga Velho, has launched a new initiative: the pursuit of a basic income for refugees as the first step toward a global basic income (“Toward a ‘Worldwide’ Universal Basic Income – First Target: Refugees”).

In collaboration with members of the humanitarian network Algosphere Alliance , ReCivitas has added the project to the World Social Forum’s database of initiatives.

The initiative would provide a basic income to all refugees who are recognized by UNHCR, the United Nations Refugee Agency‎ ( 21.3 million […]

Full Post at basicincome.org

Life is not a level playing field. From our birth to our death, each of our journeys is never quite the same. Nature and Nurture play a fundamental role in our lives. From our birth place to our caregivers, our physical and mental genetic make-up and the lottery which we call life.

If we were robots, like the automation of our modern workforce, then there would be no disparity but we are not. Our current system of capitalism is failing to trickle down, as intended, as those at the top become greedy without scrutiny. The results are the most vulnerable […]

Full Post at www.compassonline.org.uk

Recommended stories

Fudge: Misdirected Anger At Obama Led To Trump’s Win 5472456 BALTIMORE â Democratic Ohio Rep. Marcia Fudge alleged that fear-mongering, not President Donald Trumpâs economic message won him the election. Fudge said Democrats have been losing blue-collar voters over time and Trump managed to tap into their anxieties, which she feels gave him an edge with that demographic. âWhat Donald Trump did was address them at a very different, and emotional, a racial level, a fear level an anger level,â she told reporters at the Democratic policy retreat Thursday. âHe didnât win to because he had an […]

Full Post at www.worldheadlines.info

Referring to the theme of the event ‘India Transforming through Redical Reforms’ Arun Jaitley said that the biggest reform that India need today is that people must pay tax. (PTI) Extolling virtues of the Universal Basic Income, Finance Minister Arun Jaitley on Friday said that at least one state is willing to take a plunge and launch a pilot on the scheme, proposed by the Economic Survey. “UBI is an idea worth considering. Today I had the first finance minister of a state meeting me to say that my state is willing to take a plunge as a pilot […]

Full Post at www.financialexpress.com

EBay founder and chairman Pierre Omidyar invested $493,000 to the charity GiveDirectly in Kenya. This is an experiment to test an upcoming solution for the poverty known as the primary income. (Photo : Academy of Achievement/YouTube) Pierre Omidyar, founder and chairman of eBay, is up on his biggest effort by far with the charity GiveDirectly. As of now, GiveDirectly is operating a small service in just a few Kenyan villages. However, once this experiment launches after a few months, it will be the biggest basic income research. And because of this, more than 26,000 people will receive free money […]

Full Post at www.itechpost.com

LONDON — Finland’s experiment with a universal basic income is unworkable and unaffordable, according to the country’s biggest trade union.

Since January, Finland’s government has paid a group of 2,000 unemployed Finns aged between 25 and 58 with a monthly stipend of £480 ($600), as it considers a radical new welfare system.

“We think it takes social policy in the wrong direction,” Ilkka Kaukoranta, chief economist of trade union group SAK told Bloomberg . The group has one million members in a country of 5.4 million people.Advocates say rolling out the system would provide a vital safety net for all citizens […]

Full Post at www.businessinsider.sg