Category: Basic Income

Unconditional basic income is a controversial concept. Proponents argue that it could help overcome inequality and cope with technological change, but critics say that it’s not clear how it could be financed. An office of Social Insurance Institution KELA, in Helsinki, Finland. The country has launched a pilot scheme to pay a universal basic income. Source: Reuters Rarely has a debate over economic policy produced such unusual dividing lines.

Katja Kipping, the leader of Germany’s Left Party, supports an unconditional basic income, or UBI. So do some top executives, like Deutsche Telekom chief Tim Höttges and Siemens Chief Executive Officer […]

Full Post at global.handelsblatt.com

Narendra Modi Budget to Have Sensational Offering Reports in National Media are suggesting that Prime Minister Narendra Modi who sprang a surprise on the nation with Demonetization, may spring another surprise in the upcoming budget. This time it is … Basic Income Could Be the Safety Net Mistreated Employees Need

If You Work in a Creative Industry, You Should … If You Work in a Creative Industry, You Should Steal Other People’s Ideas. John Cleese. 1. VIDEO. Ruby Wax on Neuroplasticity: “You’re the Archit… Ruby Wax on Neuroplasticity: “You’re the Architect … Basic income for the poor

HOW do […]

Full Post at breaking100news.com

The Indian Statistical Institute hosted its 12th Annual Conference on Economic Growth and Development (ACEGD) on December 19-21, 2016. ACEGD’s plenary sessions included a 90-minute panel on universal basic income and its relevance for India.

Universal basic income (UBI) has become a hotly debated issue in India. At the end of January, the Ministry of Finance will release its Economic Survey, which is expected to include a chapter addressing UBI. Leading economists have defended various forms of UBI for India (see, for example, a recent e-symposium in Ideas for India ), and MPs such as Varun Gandhi and Jay […]

Full Post at basicincome.org

Pradhan Mantri Berojgari Bhatta | Monthly allowance to poor @ Rs1500 Per Month | Universal Basic Income Scheme

Monthly allowance to the poor is one thing the government was mulling over for quite long. It is not predicted that on 1 st February 2017 the government may announce a new scheme that is aimed towards the poor. The main idea is to address poverty and the scheme is still under discussion. But if it is finalized then the chances are more that it will be announced in the budget on 1 st Feb by Finance minister Arun Jaitley. […]

Full Post at www.sukanyasamriddhiaccountyojana.in

Graphic: Caity Hall

There’s an unconventional idea that’s beginning to spread in the world—the idea that people are entitled to enough money to survive, whether or not they work.

This is the concept behind Universal Basic Income—the idea of providing each individual citizen an unconditional income on a regular basis, funded either by a government or public institution.This idea could possibly provide solutions to a series of issues that have plagued countries across the globe, such as poverty, homelessness and unemployment.Finland is currently in the process of experimenting with UBI, and, according to the Finnish Ministry of Social Affairs […]

Full Post at thelinknewspaper.ca

Recommended stories

French Socialists in hunt for the candidate with a populist touch to challenge Le Pen In the centre of Trappes, in Paris’s western suburbs, a group of young men are handing out flyers urging locals to vote for Benoît Hamon. Neither the name nor the face is familiar in Britain, but that could well be about to change today. “Vote for this man and you will see the real France,” says one, thrusting a leaflet into my hand. It sounds more like a threat than a promise, but this rather gritty Parisian banlieue – the subject of […]

Full Post at m.wbnews.info

For many Americans, President Trump’s appeal lies in his radical departure from how traditional politics is done.

For advocates of universal basic income, a form of income distribution that seeks to end poverty by paying everyone a standard salary just for being alive, it might just be the radical change America needs.

Basic income’s biggest selling point — at least in theory — is that it could directly lift people out of poverty.Since people would no longer struggle to cover basic expenses like food, clothes, and home repairs, they’d have more money to stay active members of society, whether they worked […]

Full Post at www.businessinsider.my

What if governments just gave money to people?

That’s the big question that Thomas Weisskopf ​, professor emeritus of economics at the University of Michigan, is asking. Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution. An automated welding arm Weisskopf said in using “basic income grants,” an amount of money would be handed out to every citizen “without any conditions whatsoever.” […]

Full Post at michiganradio.org

Can basic income become a worldwide policy? Moyan Brenn/Flickr, CC BY-SA “Money for nothing” is not just a song from 1985 by Dire Straits but also, it seems, a new wave of policies supporting the government providing an income for citizens, regardless of their economic activity.

Benoît Hamon, the surprise winner of the first round of the socialist primaries in France, is the latest high-profile supporter of the idea. But across the world, experiments in universal basic income are already exploring the option of paying individuals a flat rate of income, unaffected by their participation in the labour market. It […]

Full Post at www.huffingtonpost.com