Category: Basic Income

This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy

This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy

Guyana’s government is tapping its newfound oil wealth to give $2,000 to every household. Foto: Kham/Reuters Guyana, the tiny South American nation, is giving $2,000 to every household in the country.

Its president said the cash payments aim to narrow disparities and help with higher living costs.

A huge Exxon oil find has supercharged Guyana’s economic growth and filled the government’s coffers. The world’s fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs.President Mohamed Irfaan Ali of Guyana, the South […]

INTERNATIONAL DAY FOR THE ERADICATION OF POVERTY: SOUTH AFRICA IS IN DESPERATE NEED OF A BASIC INCOME GRANT

INTERNATIONAL DAY FOR THE ERADICATION OF POVERTY: SOUTH AFRICA IS IN DESPERATE NEED OF A BASIC INCOME GRANT

GOOD Secretary General

As the world observes the International Day for the Eradication of Poverty, the GOOD Party remains steadfast in our call for a Basic Income Grant.

In the United Nations 2024 message, UN Secretary-General António Guterres says ‘… poverty is not inevitable. It is the direct result of the choices that societies and governments make — or fail to make. …Ending global poverty requires governments shaping institutions and systems that put people first. It demands that we prioritize investments in decent work, learning opportunities and social protection that offer ladders out of poverty.’The Government of South Africa is failing […]

The advance payment of agricultural subsidies begins today

The advance payment of agricultural subsidies begins today

The payment of advances for direct subsidies and individual rural development measures will begin on Wednesday, and farmers will be able to access HUF 321 billion by the end of the year, announced Agriculture Minister István Nagy on his social media page. In the first week, more than 100,000 producers are expected to receive support. (Photo: drnagyistvan.hu) The Hungarian government always stands by the farmers and is aware of the outstanding role played by land- and animal-based subsidies in the operation of farms. For this reason, this year as well, we created the conditions for the advance and partial […]

The Financial Implications of Universal Basic Income: What a Recent Experiment Reveals

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Home | The Financial Implications of Universal Basic Income: What a Recent Experiment Reveals

Universal Basic Income (UBI) has garnered increasing attention as a potential solution to adverse projected trends in technological unemployment and income inequality. The concept involves providing regular, unconditional payments to all citizens to ensure financial security and personal freedom.A recent UBI experiment, funded by Sam Altman, CEO of OpenAI, offers new insights into how UBI might affect recipients’ financial well-being. As one of the most comprehensive UBI trials to date, this study sheds light on the positive and concerning aspects of UBI’s impact on financial […]

Ontario’s pay equity office unveils a hidden inequality: “The Gender Pension Gap”

Ontario’s pay equity office unveils a hidden inequality: “The Gender Pension Gap”

Examining the persistent gender pension gap and its impact on women’s retirement security in Canada By Pay Equity Office

Oct 16, 2024

Share This article was produced in partnership with the HCM DIALOGUE Despite Canada’s robust retirement income system, women are facing an uphill battle in securing financial stability during their golden years. And the situation hasn’t improved much since 1976.A new ground-breaking research paper, Understanding the Gender Pension Gap in Canada, published by Ontario’s Pay Equity Office with Dr. Elizabeth Shilton, feminist economist and labour lawyer, finds that although Canada’s retirement income system is recognized as one of […]

T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution

T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution

Image credit: © Cammeraydave | Dreamstime.com The latest in-plan guaranteed lifetime income solution to hit the market was unveiled Oct. 15 by T. Rowe Price in cooperation with Pacific Life. “By pairing MLI’s robust approach to asset management with the security of a QLAC, we are creating a simple yet dynamic approach to helping participants retire more confidently.” Pacific Life’s Michael Oler Managed Lifetime Income (MLI) is the name of the new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life. MLI combines a managed payout investment from T. […]

Guaranteed income pilot project aims to boost low-income single mothers in Maine

Guaranteed income pilot project aims to boost low-income single mothers in Maine

Coumba Holland at her apartment in Lewiston on Oct. 1, 2024. Holland is one of twenty formerly-homeless single mothers selected for the inaugural year of the Quality Housing Coalition’s guaranteed income program. Guaranteed income is an idea based on the belief that providing unrestricted cash payments to low-income residents is the best way to help them lift themselves out of poverty. It’s a model that’s been championed by seemingly disparate figures over the decades, including Martin Luther King, Jr., Richard Nixon, and, more recently, tech entrepreneurs such as Andrew Yang.

Now, one Maine nonprofit has wrapped up a pilot of […]

Could a guaranteed income pave the way for racial justice?

Could a guaranteed income pave the way for racial justice?

Protesters march in support of Black Lives Matter in June 2020 in Chicago | Natasha Moustache/Getty Images. All rights reserved Rachel Pyon is the research director at Equity and Transformation, a non-profit community organisation working to mobilise Chicago’s informal workforce. She also manages the Chicago Future Fund, a guaranteed income programme for formerly incarcerated people. Deon Hodrick is a recipient of the Chicago Future Fund and a guaranteed income advocate. And Matthew Harvey is a research assistant and storyteller at Equity and Transformation.

We caught up with them at the 22 nd Basic Income Guarantee Conference in San […]

‘Hope Goes a Long Way’: Guaranteed Income a Lifeline for Ex-Prisoners

Image by Bubba73, Creative Commons 3.0 Kevin Scott is a former prisoner and the programme director for Community Spring, a non-profit organisation in Gainesville, Florida. We caught up with Kevin at the 22nd Basic Income Guarantee Conference in San Francisco, California to discuss Just Income, their project providing a guaranteed income to recently released prisoners. The interview has been edited for length and clarity.

Beyond Trafficking and Slavery: What does a guaranteed income look like for recently released prisoners?

Kevin Scott: It’s freedom, opportunity, dignity. For many prisoners getting released, they’re not just ‘re-entering’ the world. They’re […]

Help with Affordable Housing in Herndon?

Help with Affordable Housing in Herndon?

Votes Possible path for new affordable and accessible housing in the Town of Herndon

Could there be a path for affordable and accessible housing for all incomes in the Town of Herndon? On Oct. 10, the New Virginia Majority (NVM) hosted a community meeting at the Herndon Fortnightly Library with Supervisor James N. Bierman Jr. (D-Dranesville) in attendance. The planned discussion focused on sharing information concerning housing vouchers, the universal basic income program, and housing construction with an emphasis on prefabricated affordable housing. A reported 50 people attended the meeting.

NVM, headquartered in Alexandria, a nonprofit, has as one of […]