Category: Basic Income

National Treasury Questions Affordability of Basic Income Grant for South Africa

The proposed Basic Income Grant (BIG) for South Africa faces major financial hurdles. National Treasury recently projected that the program could cost up to R400 billion per year. This expense, they warn, would require significant tax increases to fund, casting doubt on the program’s affordability despite strong political support. High Costs and Potential Tax Increases

If implemented without a means test, a BIG that serves roughly 35 million South Africans aged 18 to 60 could quickly cost R400 billion each year. Funding this initiative would demand major tax […]

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Annuity-holders are more likely to report lower levels of stress (51%) and the highest level of financial confidence (24% versus 21%) compared to those without one. A recommendation from a financial adviser is the top reason people opt for an annuity (31%) Retirees with a guaranteed income report higher levels of satisfaction and face fewer affordability challenges, according to a new study from Legal & General and the Happiness Research Institute, an independent Danish think tank focusing on wellbeing, happiness and quality of life.

The research, which explored the lives and finances of 3,000 UK retirees, looked […]

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Universal Basic Income Now Paying $2000 per Month in Canada – Get Free Money Starting This Month 1 In a major development, the Canadian government has officially launched its Universal Basic Income (UBI) program this month, offering qualifying residents $2000 each month. This revolutionary financial support initiative aims to provide consistent monthly payments to Canadians, helping them meet essential living expenses without the need for work or additional conditions! What is Universal Basic Income (UBI)?

Universal Basic Income (UBI) is a groundbreaking new policy that guarantees all Canadian citizens a fixed monthly payment, regardless of employment status or income […]

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I recently came across a social media post that puts solar energy in an interesting perspective: energy that everyone can possibly harness. This not only applies to most of the planet, but provides a very simple way to visualize a way forward to providing everyone with needed energy. Sunlight is Universal Basic Energy https://t.co/PJPytAfyLZ — Jesse Peltan (@JessePeltan) November 9, 2024 There’s a bit to unpack here for anyone who doesn’t follow these kinds of discussions online. The chart he shares is […]

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Credits: Pixabay Confirmed this financial drama for 2025: you won’t get any payment for 5 months

Credit card debt forgiveness is not a hoax: That’s how you qualify

The $6000 Stimulus Payment you can still apply: Only 1 criteria needed Some states have been offering stimulus payments worth up to $500 this year. Stimulus payments are direct financial relief provided by the government to help individuals and families cope with economic hardship, particularly during times of crisis, such as the COVID-19 pandemic. The primary goal of stimulus payments is to stimulate the economy by providing individuals […]

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TOYI TOYI … Some Namibians march to demand the implemen- tation of the Basic Income Grant. The Ministry of Gender Equality, Child Welfare and Poverty Eradication has started registering qualifying households countrywide for the conditional basic income grant.

Acting executive director in the ministry Nichlas Mbingeneeko says the ministry is rolling out the conditional basic income grant as part of the transition from the food bank programme and the marginalised communities special feeding programme.

Speaking to The Namibian on Wednesday, Mbingeneeko said the grant will direct monthly cash transfers of N$600 to eligible households, including in newly added towns.In April […]

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