Category: Basic Income

10 03 24 Denver Basic Income Project’s Mark Donovan discusses Denver ending funding

10 03 24 Denver Basic Income Project's Mark Donovan discusses Denver ending funding

Episode Transcript

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Speaker 1 (00:00): Denver’s universal Basic Income project is one that by some measures, has shown success over the years, where since twenty twenty one, eight hundreds homeless people were given unconditional cast.Speaker 2 (00:10): Results from the first year show that forty five percent of the participants found housing. The program is donor supported, including from the City of Denver, which is now nixed the line item from the latest budget proposal. On with us now to talk about that in greater detail. On the koa comment […]

The Flaws of Universal Basic Income in a Fully Automated Society

The Flaws of Universal Basic Income in a Fully Automated Society

In recent years, the idea of Universal Basic Income (UBI) has gained traction as a potential solution to the challenges posed by automation and artificial intelligence. Prominent figures like Elon Musk have proposed UBI as a way to ensure that people continue to have financial resources, even in a world where machines and AI handle most labor. However, as we examine the deeper implications of such a system, particularly in a fully automated society, significant flaws in the idea become apparent.

This essay will explore the core issues surrounding UBI […]

How Some Americans Qualify For $500 A Month With No Obligation

How Some Americans Qualify For $500 A Month With No Obligation

Among the many potential economic policies that have been thrown out in recent years, perhaps none have been as intriguing as the idea of guaranteed (or universal) basic income. The concept is simple enough: Americans receive a set amount of money every month, no strings attached, to spend on whatever they need most. According to Business Insider , over 100 different cities in the United States have piloted a guaranteed basic income program since 2019, with most targeting low-income participants as a way to combat poverty in some of the country’s most dangerous cities . Depending on the program, […]

Lightbody shines light on ‘dire’ arts funding

Lightbody shines light on ‘dire’ arts funding

Gary Lightbody By Julie Waters

BANGOR born Snow Patrol frontman Gary Lightbody has voiced concerns about the ‘quite dire’ state of funding for the arts sector.

The lead singer was among a number of arts representatives, including officials from the Arts Council and Lyric Theatre, who met Minister for Communities Gordon Lyons to discuss how to strengthen the arts sector in Northern IrelandExplaining that he felt it was his ‘responsibility to represent the artists and the musicians’, Mr Lightbody said he had concerns about the state of funding for the arts.However he acknowledged there were ‘priorities above the […]

Negative Income Tax is Not Cheaper Than Universal Basic Income, Nor is Guaranteed Income ‘More Progressive’ by Excluding the Rich

Negative Income Tax is Not Cheaper Than Universal Basic Income, Nor is Guaranteed Income 'More Progressive' by Excluding the Rich

Many people don’t know this, but Milton Friedman was once asked in the Spring of 2000 what he thought about a universal basic income (UBI) in comparison to his proposed negative income tax (NIT) and this was his response:

"A basic or citizen’s income is not an alternative to a negative income tax. It is simply another way to introduce a negative income tax if it is accompanied with a positive income tax with no exemption. A basic income of a thousand units with a 20% rate on earned income is equivalent to a negative income tax with an […]

Improving economic, educational and employment opportunities

Improving economic, educational and employment opportunities

Mississippi

Jackson Public Schools , a WKKF grantee, will receive the 2024 American Public Health Association Presidential Citation for excellence in public health leadership. Serving nearly 18,000 students in Mississippi, the district has partnered with local organizations to provide essential social services and health care. Addressing both physical and mental health needs, these efforts have helped drive improvements in student success and district performance.

Racial Equity Aisha Nyandoro, founding CEO of WKKF grantee Springboard to Opportunities , is a recipient of the prestigious 29th Heinz Award in the Economy category. Recognized for her work in helping families escape […]

Basic Income for Arts named ‘signature legacy’ in Budget briefing

Basic Income for Arts named 'signature legacy' in Budget briefing

The Basic Income for the Arts pilot scheme will continue through 2025 This afternoon, Minister Catherine Martin addressed a number of questions and issues at the Deprtment of Tourism, Culture, Arts, Gaeltacht, Sport and Media briefing in relation to the Budget announced this week.

During the briefing she addressed her department’s ongoing commitment to the Basic Income for the Arts (BIA) pilot scheme, which was originally rolled out until August 2025.

She confirmed that the department is committed to providing a further allocation of €35 million for the continuation of the fund through 2025.The Minister explained that she has always been […]

German govt plans tighter rules for social welfare benefits

German govt plans tighter rules for social welfare benefits

DF News Desk German Minister of Labor and Social Affairs Hubertus Heil speaks during the "Jobturbo" round table in the Federal Chancellery on September 30, 2024. Photo: Kay Nietfeld/dpa. The German government plans to tighten rules for recipients of welfare benefits, including by stiffening penalties for those who don’t pursue work, under a plan approved by the Cabinet on Wednesday, reported dpa.

Under the reforms, anyone who refuses a reasonable job, training scheme or other employment measure without a valid reason will in future face an immediate 30% reduction in basic income support for three months.

Anyone who fails to attend […]

LA to Study Guaranteed Income Plan for Violence Victims, Foster Youth

LA to Study Guaranteed Income Plan for Violence Victims, Foster Youth

Oct 1, 2024 Photo: Iryna Mylinska / iStock / Getty Images LOS ANGELES (CNS) – The Los Angeles City Council advanced a proposal Tuesday intended to establish a guaranteed basic income program for victims of intimate partner violence and foster youth.

In a 10-0 vote, council members instructed the Community Investment for Families Department to work on guidelines for a $4 million to $5 million program. The report will examine programs in other cities, such as one in Chicago that pairs guaranteed income with housing resources.

Additionally, city staff will review potential funding sources for the program, and may consider discretionary […]

Employees Prefer In-Plan Retirement Income Features

Employees Prefer In-Plan Retirement Income Features

Image Credit: © Szefei | Dreamstime.com Participants would rather opt into in-plan retirement income features versus out-of-plan guaranteed income options, finds new data from Invesco’s latest 2024 Defined Contribution (DC) Participant Pulse survey.

The findings show that 54% of survey participants would feel better about keeping money in their employer’s plan after retiring, so long as they obtain access to a monthly payout feature. Furthermore, when asked to choose between receiving messaging about flexibility or a built-in guarantee of a target-date fund (TDF), 67% say they prefer communications about flexibility.

While they value the idea of a guaranteed income option, many […]