Category: Basic Income

I just had a massive collision in my mind while reading about the possibilities of having a Universal Basic Income. It was caused by three things colliding simultaneously (a very rare feat, even in physics): the idea of a universal basic income, the feminist idea of a wage for “homemakers,” and a smattering of conservative family values.

As you may recall, conservatives have this ideal family meme that appears to be out of the 1950’s. Mom and Dad live with their two children, a boy and girl, in a lovely home with green grass and a white picket fence defining […]

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A major news outlet in India has claimed that Prime Minister Narendra Modi intends to introduce a universal basic income, inaccurately attributing the claim to an interview with BIEN cofounder Guy Standing (SOAS, University of London). In a statement to Basic Income News , Standing clarifies that he never made such an assertion.

On January 3, Business Insider published an article (“ The Indian government is about to endorse giving all its citizens free money ”) in which the journalist claims that the government of India is “set to endorse universal basic income”. The journalist based this assertion on […]

Full Post at basicincome.org

In Brief

One charity is testing a pilot program of Universal Basic Income in a village in Uganda hoping to study its effects.r

t The concept is looked to by many as a necessary step to ensure the survival of those most vulnerable to increased automation. Income for All Universal Basic Income (UBI) has been gaining a lot of traction as of late with various industry experts, government officials, and financial experts expressing the need to explore the possibilities of implementing a basic income program.UBI is a lump sum of money given periodically to individuals unconditionally. There are no […]

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Kela (the Finnish Social Insurance Institution), the government body running the nation’s newly launched basic income experiment, is hosting a live-streamed discussion of the basic income trial as well as the country’s long-standing maternity package.

On January 12, Kela will hold an event called “Socially Innovative Finland”, which will provide information about the country’s basic income experiment–launched on January 1, 2017, to much international publicity. Maternity package, CC BY-NC-ND 2.0 Visa Kopu The event will also include discussion of one of Finland’s existing social welfare initiatives: its internationally renowned maternity package, initiated in 1938, which provides all mothers-to-be with […]

Full Post at basicincome.org

Finland has been in the international media’s limelight recently. No, I’m not referring to Juha Sipilä’s dictatorial attempts of conditioning the public broadcasting company . I’m talking about the Finnish government’s experiment of implementing an unconditional basic income, which has been praised by many as a welcomed solution to cut red tape, reduce poverty and boost employment . Sorry folks, but this highly anticipated measure won’t solve any of these problems, except perhaps simplifying bureaucracy a bit.

Less bureaucracy?

Before accusing me of being a killjoy, let me start on the bright side. Any measure that simplifies the social […]

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The Centre under the leadership of Prime Minsiter Narendra Modi, is now working on an idea of providing a “Universal Basic Income”. (Photo: IANS) New Delhi, January 7: The government of India is proceeding towards a greater leap through a payment scheme which pay a basic income to the citizens. The Centre under the leadership of Prime Minsiter Narendra Modi, is now working on an idea of providing a “Universal Basic Income” or a regular payment to all its citizens irrespective of their employment or income. It is basically a practice of paying every citizen of the country, a […]

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A group of activists, investors, and visionaries have pledge to invest $10 million over the next two years to study whether a universal basic income system would work in the United States.

The system is already being tested in places like Canada and Finland, and if successful, it could offset the widespread unemployment expected by increased automation.

THROWING MONEY AT THE PROBLEM OF NO MONEY The concept of Universal Basic Income (UBI) has been popping up left and right all around the world lately. Discussions and tests are and will be carried out by countries like Finland , Canada […]

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2017 is certainly going to be a year of great experiments. While the US transitions into an unlikely, unexpected, and unprecedented presidency, Finland will begin a program to give its citizens a fixed income regardless of their wealth or employment status. Well, for now, this experiment will only involve a randomly selected 2,000 [unemployed] people over the next two years. Each of these people will be paid 560 euros per month (approximately $587 USD).

The experiment is an attempt to understand if a base income will help to reduce poverty—as well as government red tape—in order to better influence societal […]

Full Post at technewsobserver.com

FINLAND has become the first European country to give its unemployed citizens a guaranteed and unconditional monthly wage for doing nothing — even if they get a job.

A number of countries are toying with the idea of introducing the scheme known as Universal Basic Income (UBI).

It replaces the traditional means-tested welfare system with a no-strings-attached streamlined version which, in theory, would offer a base level of income to everyone.But while some have claimed the scheme is more efficient and could help reduce the amount governments spend on welfare, others have labelled it a dangerous idea and economically untenable.The […]

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The original vs quack demonetization solution

Beware of another quackery coming up like demonetization, called the ‘Universal Basic Income Scheme’ from our Government. At the face of it, the idea appears like a truly people oriented solution. But look deep, it is another quack solution like demonetization.

People had indeed suggested demonetization as a solution to cash part of black money. That was not to remove the ‘current’ cash black-money, but future cash black money. The idea involved demonetizing the higher denominations, not just swapping them with new notes,but totally stop the higher currencies, allow only less than Rs.100 denominations, […]

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