Category: Basic Income

aNewDomain — Artificial intelligence will suck up the majority of American jobs in the next 20 years, experts say. So how are you going to make the dough you need? According to Elon Musk and other tech thinkers, the answer may well be universal basic income (UBI).

Last week, more than 100 Silicon Valley activists, technologists and investors kicked off the Economic Security Project , a research alliance that so far has raised $10 million to study UBI over the next two years.

Want to get up to speed on UBI? Find some of the best infographics and video explainers we […]

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Money The Economic Security Project wants to end extreme poverty

If an entire population received a flat payment, would that help defeat poverty? That’s exactly what the Economic Security Project is trying to find out.

The ESP — a group made up of venture capitalists, activists and educators — plans to invest $10 million in several Universal Basic Income projects by the end of 2018.Universal Basic Income works by giving an entire population a specific amount of monthly free money, which would not only help fight extreme poverty, but in theory it would also help improve the economy, health, and […]

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The conversation on basic income is heating up as we careen toward a post-work world, and World Bank researchers David Evans and Anna Popova collected 19 different studies from across the world in an attempt to determine how free money impacts the purchase of so-called “temptation goods.”

The results surprised even them.

According to a report from Business Insider , Evans, who has spent years studying “cash transfers” – direct infusions of money to the poor – agreed with the conventional wisdom that, rather than putting that money to its intended use, it would, as a report from the Overseas Development […]

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Ontario is going to have a 3 year test with it, where most people will get an extra 1300ish or more dollars of tax free money a month.

But, I don’t know if it’s everywhere yet or just certain places. But holy crap. Never thought we would get something like this here.

A lot of people are against it cause they say people will just get lazy and not work. But I think that will be the minority, cause people want more in life than what 1300 dollars a month will give.Cause if they work, they get this still and with […]

Full Post at www.the-magicbox.com

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Getting your share of what’s yours would be one way to describe How To Pay For Universal Income f rom Evonomics… Lately there’s been renewed discussion of universal income: regular cash payments to everyone, regardless of race, gender or need. Past proponents of the idea include the revolutionary Thomas Paine, civil rights leader Martin Luther King, Jr., free-market economist Milton Friedman and President Richard Nixon. Today’s interest has been sparked by the income stagnation experienced by America’s middle class and working poor, and by the persistent slow growth experienced by our economy. The idea finds support across America’s ideological […]

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SunburnCostanza posted… otisanime posted…
I personally think it’s a stupid band-aid to avoid the bigger problem is that when you run out of workers to exploit, Capitalism basically collapses on itself, but no one really seems to want to admit that.

(Nevermind that if all people get a basic level of income, it’s just going to make prices go up. Better to give people life-basics, like a home, running water, communication, transport, education, food, health services, etc. The stuff to thrive and not die, and the tools to get a better life, freely.)
That being said… it’s probably better […]

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In the face of growing automation which many governments and analysts believe will lead to a rapid rise in global unemployment levels a Canadian province has unanimously voted in favour of trialling a Universal Basic Income (UBI), a form of social security where all the citizens of a given state or country are guaranteed to regularly receive a sum of money in addition to the money they earn elsewhere.

As a concept UBI is naturally controversial which is why most governments, such as Finland, Holland, Japan, Scotland , the UK and USA are taking baby steps and voting on whether […]

Full Post at www.globalfuturist.org