Category: Basic Income

Andrew Spira Champions Universal Basic Income Amid Global Economic Challenges

Andrew Spira Champions Universal Basic Income Amid Global Economic Challenges

New Delhi (India), April 30: Andrew Spira , an entrepreneur and philanthropist, champions the cause of Universal Basic Income (UBI) to solve our world’s most common challenges. His advocacy comes at a critical juncture, as nations worldwide struggle with the far-reaching consequences of the COVID-19 pandemic, which has exacerbated pre-existing economic disparities and exposed the vulnerabilities of traditional social safety nets.

The Growing Appeal of UBI

Universal Basic Income is a potential safety net for those facing financial hardship. It offers individuals greater freedom in choosing employment and is a strategic tool to combat poverty. The program, designed with […]

Legal fight over Uplift Harris continues

Legal fight over Uplift Harris continues

Harris County Attorney Christian Menefee speaks at a recent press conference. Photo: Yi-Chin Lee/Houston Chronicle via Getty Images Harris County has asked the Texas Supreme Court to allow its guaranteed income pilot program to proceed as courts decide whether it’s legal.

Why it matters: The fate of the Uplift Harris program remains uncertain as the state Supreme Court weighs a legal challenge from Attorney General Ken Paxton. The 18-month program, if allowed to move forward, will send $500 a month to 1,900 low-income Harris County families.

State of play: 8% of Harris County residents live in areas of persistent […]

Johnson set to extend basic income program amid changes to COVID spending

Ahead of a quarterly spending report set to be released that will show the city still has hundreds of millions in unspent federal COVID relief dollars, Mayor Brandon Johnson is announcing he’s tweaking how the city plans to inject the money into social programs.

Johnson is expected to release additional details later this week when a second round of funding to provide $500 in direct cash assistance to struggling Chicagoans will begin. Earlier

Chicago and Cook County try bold experiments to combat economic inequity Johnson shifted $95 million in COVID relief to migrant aid. Now there’s a move to […]

Universal Basic Income: the future of social welfare?

Universal Basic Income: the future of social welfare?: Trade-off between acceptance of Universal Basic Income, labor participation, budget neutrality and poverty reduction in the Netherlands

Author

Contributor Kroesen, M. (graduation committee) Renes, Sander (mentor) ORCID 0000-0003-2495-9219 Degree granting institution Delft University of Technology Programme Engineering and Policy Analysis Date 2024-05-14 Abstract The primary objective is to explore the relationship between support for Universal Basic Income (latterly referred to as UBI), labor participation, and poverty reduction in the Netherlands across various financial policies. The research also seeks to examine the behavioral responses of Dutch citizens […]

What are the positive effects of a universal basic income?

A Universal Basic Income (UBI) has several positive effects. It can eliminate the stigma associated with welfare receipt, reduce transaction costs for both recipients and governments, and provide individuals the freedom to pursue better work opportunities while compensating unpaid labor like childcare and eldercare . Additionally, evidence suggests that UBI can lead to positive health impacts, such as improved mental health and increased trust in societal institutions . Moreover, UBI can enhance individuals’ control over their time, promoting autonomy and empowerment . However, it is important to note that while UBI has various advantages, there may be concerns about […]

California Migrants in One City Eligible for $500 Monthly Payments

California Migrants in One City Eligible for $500 Monthly Payments

Migrants living in Fresno, California, could be eligible for $500 monthly payments from the government under the Advancing Fresno County Guaranteed Income program.

As inflation was at 3.5 percent for the 12 months ending in March, Americans are still struggling to afford everyday necessities like groceries and housing.

In Fresno, the government looks to aid low-income residents with monthly payments of $500. In all, 150 households will be chosen for the continuous checks, which are delivered to recipients through prepaid debit cards.However, there are certain criteria to qualify for the guaranteed income . Recipients must live in the list of specified […]

Residents from California residing in this particular city are entitled to receive $500 in monthly payments

Residents from California residing in this particular city are entitled to receive $500 in monthly payments

Migrants living in Fresno, California, may be eligible for $500 monthly payments through the Advancing Fresno County Guaranteed Income program. This program aims to aid low-income residents struggling to afford essentials like groceries and housing, particularly in light of a 3.5% inflation rate. 150 households will be chosen for the continuous $500 payments, delivered through prepaid debit cards. To qualify, recipients must reside in specified ZIP codes, have children up to age 5, and meet income requirements based on their ZIP code.

What sets Fresno’s guaranteed income program apart is its lack of consideration for immigration status in the application […]

States take aim at local basic income programs

States take aim at local basic income programs

A mother and son walk through one of the neighborhoods of Stockton where participants in the city’s universal basic income program live in Stockton, California, on February 7, 2020. The State of Trust in Government For more than 12 million households in the U.S. in 2022, most of their paychecks went toward rent, underscoring the nation’s dire housing affordability crisis. And with little money left over to cover other expenses, like medical bills or car maintenance, one expert says, families are at a higher risk of experiencing eviction or, in worst cases, homelessness if they fall behind on payments.

In […]

What are the economic Advantages and disadvantages of Unconditional Basic Income?

Unconditional Basic Income (UBI) presents several economic advantages and disadvantages. Advantages include transparency, efficiency, poverty reduction, and a positive impact on economic growth . UBI can eliminate the stigma associated with welfare receipt, reduce transaction costs, and provide individuals the freedom to pursue better work opportunities . Moreover, UBI can positively impact the labor market by strengthening the position of employees, particularly benefiting women in socially beneficial roles like housework . On the other hand, disadvantages of UBI encompass high costs, potential loss of work motivation among citizens, and the inability to address fundamental causes of inequality . Additionally, […]

Money for Nothing? The Bold Future of Universal Basic Income Explained

Money for Nothing? The Bold Future of Universal Basic Income Explained

Money for Nothing? The Bold Future of Universal Basic Income Explained

Sud Alogu

· Follow 6 min read·5 hours ago In the third part of Andrew Yang’s book, “ The War on Normal People ,” he explores the transformative idea of Universal Basic Income (UBI) as a response to the challenges posed by automation and artificial intelligence. Yang presents UBI not just as a financial safety net, but as a foundation for a future where technology enhances our lives rather than displaces our labor.In our time, as machines begin to do the work of men, we stand at […]