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Call for consultancy for a study on « The introduction of a basic income to combat nutrition insecurity during the first 1,000 days »
October 22, 2024 · · Topic: Basic Income · Relevance: not sureCall for consultancy for a study on « The introduction of a basic income to combat nutrition insecurity during the first 1,000 days »
Deadline for submission of offers : 08/11/2024 at 23:59 CEST (Paris)
Entity : ACF France Subject : « The introduction of a basic income to combat nutrition insecurity during the first 1,000 days » ACF Publication Reference : [FR-PA-DEP-202412] Brief description : A child’s first 1,000 days are a key period in the fight against nutrition insecurity. Nutritional deficiencies during this period threaten the survival of both mother and child. Social protection systems […]
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Call for consultancy for a study on « The introduction of a basic income to combat nutrition insecurity during the first 1,000 days »
Deadline for submission of offers : 08/11/2024 at 23:59 CEST (Paris)
Entity : ACF France
Subject : « The introduction of a basic income to combat nutrition insecurity during the first 1,000 days »
ACF Publication Reference : [FR-PA-DEP-202412]
Brief description :
A child’s first 1,000 days are a key period in the fight against nutrition insecurity. Nutritional deficiencies during this period threaten the survival of both mother and child. Social protection systems are essential to combat poverty and inequality at every stage of life. In this context, ACF wants to gather datas and illustrations about basic income policies or programs and their impact on nutrition security during these first 1000 days.
This study aims to review the scientific literature on the issues surrounding a basic income and the work of other civil society organisations on the subject, in order to come up with a definition of a basic income and the main ways in which it could be implemented.
–> The different steps are presented in details in the Terms of Reference attached.
How to apply for this call for consultancy :
The offer must be submitted by Friday, 8 November 2024 at 23:59 CEST (Paris) and must be sent by email to Flore Ganon fganon@actioncontrelafaim.org and Léa Cros lcros@actioncontrelafaim.org
The offer must include the following information :
- Names and professional status of the person or organisation responding to the call for tenders.
- A detailed CV mentioning experience in a similar and/or relevant field.
- At least two references from consultancy work for possible contact by our organisation.
- A technical proposal including the following elements: work schedule, data collection methodology, etc.
- A financial proposal indicating the daily rate for the consultant(s), the number of working days invoiced, other planned costs and the total cost (including taxes) of the proposal.
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World Coin Analysis: Outlook for 2024 to 2025
October 22, 2024 · · Topic: Basic Income · Relevance: not sureThe global cryptocurrency landscape has evolved significantly in recent years, with Worldcoin emerging as one of the most intriguing projects in the decentralized space. Co-founded by Sam Altman in 2021, Worldcoin (WLD) aims to create a decentralized global currency and digital identity system that can be used by anyone, anywhere. The project’s vision revolves around universal basic income (UBI), privacy-preserving digital identity, and fostering inclusion in the global economy. As we head into 2024 and 2025, the performance and prospects of Worldcoin will depend on several factors ranging from regulatory developments to technological innovations. This article provides an in-depth […]
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The global cryptocurrency landscape has evolved significantly in recent years, with Worldcoin emerging as one of the most intriguing projects in the decentralized space. Co-founded by Sam Altman in 2021, Worldcoin (WLD) aims to create a decentralized global currency and digital identity system that can be used by anyone, anywhere. The project's vision revolves around universal basic income (UBI), privacy-preserving digital identity, and fostering inclusion in the global economy. As we head into 2024 and 2025, the performance and prospects of Worldcoin will depend on several factors ranging from regulatory developments to technological innovations. This article provides an in-depth analysis of the likely trajectory of Worldcoin for the upcoming years.
Market Performance: 2024 to 2025
Worldcoin's early adoption period has been characterized by both enthusiasm and skepticism. The project’s promise of distributing WLD tokens to over a billion people by scanning their irises for a unique digital identity has attracted considerable attention. As of late 2023, Worldcoin has seen moderate success in rolling out its Orb-based identity verification devices and distributing tokens. However, the token’s market price has been highly volatile, driven by broader market conditions, investor sentiment, and ongoing debates about privacy and ethics.
Looking ahead to 2024 and 2025, Worldcoin's market performance will likely be shaped by a few key factors:
1. Adoption and Distribution Progress: One of the core pillars of Worldcoin is its ambitious goal of global distribution. If the project successfully scales its iris-scanning operations and reaches a broad user base in underdeveloped markets, it could gain significant momentum. However, achieving this at scale requires overcoming logistical challenges, gaining public trust, and ensuring security, particularly in regions where digital identity systems are not well-established.
2. Market Sentiment and Macroeconomic Factors: Cryptocurrency markets tend to be influenced by global economic conditions, including inflation, interest rates, and geopolitical events. As central banks across the world tighten monetary policy or shift toward central bank digital currencies (CBDCs), the role of decentralized assets like Worldcoin will be subject to increased scrutiny. Any fluctuations in the broader crypto market—especially in Bitcoin and Ethereum—will likely impact WLD’s price dynamics as well.
3. Partnerships and Integrations: For Worldcoin to succeed, its ecosystem needs to be integrated with broader digital and financial services. Strategic partnerships with payment providers, digital wallets, and e-commerce platforms will be critical to driving demand for WLD tokens. Progress in these areas will likely spur adoption, while delays could hinder growth.
Regulatory Environment
The regulatory landscape surrounding cryptocurrencies continues to evolve rapidly, and Worldcoin will need to navigate this complex environment to succeed. Governments worldwide are drafting legislation on digital assets, with a particular focus on data privacy, identity verification, and anti-money laundering (AML) regulations.
1. Data Privacy Concerns: Worldcoin’s reliance on biometric data—specifically iris scans—has raised concerns among privacy advocates. Although the project claims its system is privacy-preserving, regulators may impose stricter guidelines on how such sensitive information is collected and stored. Worldcoin will need to ensure that its technology adheres to privacy regulations like the European Union’s General Data Protection Regulation (GDPR) and similar laws elsewhere.
2. AML and Know Your Customer (KYC) Compliance: As Worldcoin continues to expand globally, it will be crucial to comply with AML and KYC requirements in different jurisdictions. Failure to comply with such standards could lead to significant legal hurdles or sanctions that may slow its adoption and negatively impact the token's value.
3. Government Responses to Universal Basic Income (UBI): The concept of UBI remains controversial, with proponents arguing that it can help alleviate poverty and inequality, while opponents worry about its economic feasibility and societal impact. If Worldcoin can demonstrate its viability as a platform for distributing UBI, it may gain favor in jurisdictions exploring social safety net reforms. However, strong government pushback could stymie progress, especially if policymakers view Worldcoin’s model as a threat to traditional welfare systems.
Technological Innovations and Infrastructure
Worldcoin’s success will also hinge on the robustness of its underlying technology and its ability to keep pace with innovations in the blockchain space. Key areas of focus for the project in 2024 and 2025 include scalability, security, and user experience.
1. Scalability: To serve a global population, Worldcoin will need to demonstrate that its platform can scale efficiently. Given the potential demand for biometric verification and digital identity services, any bottlenecks or inefficiencies in the system could undermine user confidence. Layer-2 scaling solutions, cross-chain interoperability, and partnerships with other blockchain ecosystems may help Worldcoin meet this challenge.
2. Security: As with any blockchain-based system, security remains a top priority. Worldcoin’s biometric verification system introduces additional attack vectors, such as potential misuse of iris scans or attempts to forge digital identities. Ensuring the highest standards of security, both at the blockchain level and within its hardware devices (the Orbs), will be critical to maintaining trust.
3. User Experience: The broader success of Worldcoin will depend on how easily users can interact with the system. Simplifying the onboarding process, reducing the friction of using decentralized applications (dApps), and improving the overall user interface will be key to mass adoption. In particular, Worldcoin must make it as easy as possible for individuals in developing countries—who may have limited access to sophisticated technology—to access and benefit from its platform.
Conclusion
The outlook for Worldcoin in 2024 and 2025 is filled with both promise and uncertainty. The project’s unique approach to combining digital identity with cryptocurrency distribution makes it one of the most innovative and ambitious players in the space. However, its success will ultimately depend on its ability to overcome regulatory challenges, scale its technology effectively, and build a broad user base.
As the global economy continues to shift towards digital finance and decentralized systems, Worldcoin has the potential to become a key player in the future of global currency. However, its path will be shaped by the evolving regulatory landscape, technological advancements, and market conditions that define the crypto sector as a whole. Investors and stakeholders should remain vigilant, keeping an eye on adoption trends, regulatory developments, and Worldcoin’s ability to deliver on its bold promises over the next two years.
World Coin Analysis: Outlook for 2024 to 2025
The global cryptocurrency landscape has evolved significantly in recent years, with Worldcoin emerging as one of the most intriguing projects in the decentralized space. Co-founded by Sam Altman in 2021, Worldcoin (WLD) aims to create a decentralized global currency and digital identity system that can be used by anyone, anywhere. The project's vision revolves around universal basic income (UBI), privacy-preserving digital identity, and fostering inclusion in the global economy. As we head into 2024 and 2025, the performance and prospects of Worldcoin will depend on several factors ranging from regulatory developments to technological innovations. This article provides an in-depth analysis of the likely trajectory of Worldcoin for the upcoming years.
Market Performance: 2024 to 2025
Worldcoin's early adoption period has been characterized by both enthusiasm and skepticism. The project’s promise of distributing WLD tokens to over a billion people by scanning their irises for a unique digital identity has attracted considerable attention. As of late 2023, Worldcoin has seen moderate success in rolling out its Orb-based identity verification devices and distributing tokens. However, the token’s market price has been highly volatile, driven by broader market conditions, investor sentiment, and ongoing debates about privacy and ethics.
Looking ahead to 2024 and 2025, Worldcoin's market performance will likely be shaped by a few key factors:
1. Adoption and Distribution Progress: One of the core pillars of Worldcoin is its ambitious goal of global distribution. If the project successfully scales its iris-scanning operations and reaches a broad user base in underdeveloped markets, it could gain significant momentum. However, achieving this at scale requires overcoming logistical challenges, gaining public trust, and ensuring security, particularly in regions where digital identity systems are not well-established.
2. Market Sentiment and Macroeconomic Factors: Cryptocurrency markets tend to be influenced by global economic conditions, including inflation, interest rates, and geopolitical events. As central banks across the world tighten monetary policy or shift toward central bank digital currencies (CBDCs), the role of decentralized assets like Worldcoin will be subject to increased scrutiny. Any fluctuations in the broader crypto market—especially in Bitcoin and Ethereum—will likely impact WLD’s price dynamics as well.
3. Partnerships and Integrations: For Worldcoin to succeed, its ecosystem needs to be integrated with broader digital and financial services. Strategic partnerships with payment providers, digital wallets, and e-commerce platforms will be critical to driving demand for WLD tokens. Progress in these areas will likely spur adoption, while delays could hinder growth.
Regulatory Environment
The regulatory landscape surrounding cryptocurrencies continues to evolve rapidly, and Worldcoin will need to navigate this complex environment to succeed. Governments worldwide are drafting legislation on digital assets, with a particular focus on data privacy, identity verification, and anti-money laundering (AML) regulations.
1. Data Privacy Concerns: Worldcoin’s reliance on biometric data—specifically iris scans—has raised concerns among privacy advocates. Although the project claims its system is privacy-preserving, regulators may impose stricter guidelines on how such sensitive information is collected and stored. Worldcoin will need to ensure that its technology adheres to privacy regulations like the European Union’s General Data Protection Regulation (GDPR) and similar laws elsewhere.
2. AML and Know Your Customer (KYC) Compliance: As Worldcoin continues to expand globally, it will be crucial to comply with AML and KYC requirements in different jurisdictions. Failure to comply with such standards could lead to significant legal hurdles or sanctions that may slow its adoption and negatively impact the token's value.
3. Government Responses to Universal Basic Income (UBI): The concept of UBI remains controversial, with proponents arguing that it can help alleviate poverty and inequality, while opponents worry about its economic feasibility and societal impact. If Worldcoin can demonstrate its viability as a platform for distributing UBI, it may gain favor in jurisdictions exploring social safety net reforms. However, strong government pushback could stymie progress, especially if policymakers view Worldcoin’s model as a threat to traditional welfare systems.
Technological Innovations and Infrastructure
Worldcoin’s success will also hinge on the robustness of its underlying technology and its ability to keep pace with innovations in the blockchain space. Key areas of focus for the project in 2024 and 2025 include scalability, security, and user experience.
1. Scalability: To serve a global population, Worldcoin will need to demonstrate that its platform can scale efficiently. Given the potential demand for biometric verification and digital identity services, any bottlenecks or inefficiencies in the system could undermine user confidence. Layer-2 scaling solutions, cross-chain interoperability, and partnerships with other blockchain ecosystems may help Worldcoin meet this challenge.
2. Security: As with any blockchain-based system, security remains a top priority. Worldcoin’s biometric verification system introduces additional attack vectors, such as potential misuse of iris scans or attempts to forge digital identities. Ensuring the highest standards of security, both at the blockchain level and within its hardware devices (the Orbs), will be critical to maintaining trust.
3. User Experience: The broader success of Worldcoin will depend on how easily users can interact with the system. Simplifying the onboarding process, reducing the friction of using decentralized applications (dApps), and improving the overall user interface will be key to mass adoption. In particular, Worldcoin must make it as easy as possible for individuals in developing countries—who may have limited access to sophisticated technology—to access and benefit from its platform.
Conclusion
The outlook for Worldcoin in 2024 and 2025 is filled with both promise and uncertainty. The project’s unique approach to combining digital identity with cryptocurrency distribution makes it one of the most innovative and ambitious players in the space. However, its success will ultimately depend on its ability to overcome regulatory challenges, scale its technology effectively, and build a broad user base.
As the global economy continues to shift towards digital finance and decentralized systems, Worldcoin has the potential to become a key player in the future of global currency. However, its path will be shaped by the evolving regulatory landscape, technological advancements, and market conditions that define the crypto sector as a whole. Investors and stakeholders should remain vigilant, keeping an eye on adoption trends, regulatory developments, and Worldcoin’s ability to de
liver on its bold promises over the next two years.
#MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost #Write2Earn!
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WLD
2.28
-5.43%
BTC
67,460.36
-2.31%
Foundation gives $1M to continue St. Louis’ halted guaranteed income program
October 22, 2024 · · Topic: Basic Income · Relevance: not sureThe James S. McDonnell Foundation has given $1 million to keep St. Louis’ guaranteed income program going through the end of this year, it said.
Additional private funders have contributed another $250,000, the foundation said.
A state-court judge in August halted the government program, in which 500 households were receiving $500 monthly payments as part of the federal pandemic American Rescue Plan Act funding. The judge had said that the injunction was based solely on the question of the program violating the Missouri Constitution and the St. Louis City Charter. The president of the James S. McDonnell Foundation, Jason Purnell, said […]
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The James S. McDonnell Foundation has given $1 million to keep St. Louis' guaranteed income program going through the end of this year, it said.
Additional private funders have contributed another $250,000, the foundation said.
A state-court judge in August halted the government program, in which 500 households were receiving $500 monthly payments as part of the federal pandemic American Rescue Plan Act funding. The judge had said that the injunction was based solely on the question of the program violating the Missouri Constitution and the St. Louis City Charter.
The president of the James S. McDonnell Foundation, Jason Purnell, said in a statement Monday that its focus "is on ensuring that families receive the resources promised to them and that the program can continue to gather valuable data on how (guaranteed basic income) might contribute to St. Louis’s economic growth."
"Our priorities are the well-being of these local families and the insights that could emerge to inform more inclusive growth strategies," he said.
The organization said the move aligns with its broader mission to promote "inclusive growth."
It also said it believes that the city's program has the potential to show that a guaranteed basic income improves children's educational outcomes and their future earnings; enhances the health of children and parents; reduces health care costs; and reduces crime statistics.
The program was set to end in mid-2025, and a foundation spokesman said it is soliciting more funds in a bid to keep the program going beyond this year.
An attorney who brought the lawsuit against the city's program previously said that "gratuitous payments to private individuals are not allowed and there’s good reasons for that."
The James. S. McDonnell Foundation in October 2022 named Purnell as its new president, succeeding Susan Fitzpatrick. Before taking his new post in February 2023, Purnell was BJC HealthCare's vice president of community health improvement.
The James S. McDonnell Foundation was founded in 1950 by James S. McDonnell — an aviation pioneer who founded McDonnell Aircraft Corp. The private foundation in 2022 had $30.1 million in revenue, $33.3 million in expenses and total assets of $499.9 million, according to its most recent available filing with the Internal Revenue Service.
The foundation ranked as the ninth-largest charitable trust and foundation in the St. Louis area based on contributions, grants and gifts paid of $22.8 million, according to Business Journal research published in December.
St. Louis' largest charitable trusts and foundations
Contributions, Grants and Gifts Paid in Most Recent Fiscal Year
Rank | Prior Rank | Organization / Prior Rank (*not ranked) |
---|---|---|
1 | 1 | St. Louis Community Foundation |
2 | 2 | Enterprise Holdings Foundation |
3 | 3 | The Foundation for Barnes-Jewish Hospital |
Philosophy With Basic Income But Without Professional Academic Incentives.
October 21, 2024 · · Topic: Basic Income · Relevance: not surePhilosophy With Basic Income But Without Professional Academic Incentives.
Mr Nemo
· Follow 11 min read·9 hours ago By Robert Hanna (PGR, 2024) *** You can also download and read or share a .pdf of the complete text of this essay by scrolling down to the bottom of this post and clicking on the Download tab. *** Philosophy With Basic Income But Without Professional Academic Incentives For eleven years, the core members of the Against Professional Philosophy circle (APP, 2013–2024) have been consistently, critically, and sharply distinguishing between (i) philosophy pursued and practiced authentically and seriously for […]
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Philosophy With Basic Income But Without Professional Academic Incentives.
·
11 min read
·
9 hours ago
By Robert Hanna
***
You can also download and read or share a .pdf of the complete text of this essay by scrolling down to the bottom of this post and clicking on the Download tab.
***
Philosophy With Basic Income But Without Professional Academic Incentives
For eleven years, the core members of the Against Professional Philosophy circle (APP, 2013–2024) have been consistently, critically, and sharply distinguishing between (i) philosophy pursued and practiced authentically and seriously for its own sake, as a full-time, lifetime calling, i.e., real philosophy and (ii) philosophy pursued and practiced as a money-making career that’s conducted according to the set of strict coercive authoritarian and moralistic and neoliberal expectations, norms, policies, and rules — which Jeff Schmidt aptly calls ideological discipline (Schmidt, 2000) — governing the activities of research-&-publication, teaching, and so-called “admin” or “service,” that’s characteristic and indeed partially constitutive of recent and contemporary higher education at colleges and universities, i.e., professional academic philosophy. Susan Haack has also dubbed these two diametrically opposed alternatives philosophy as a calling and philosophy as a profession (Haack, 2021). To be sure, there are some people working outside the professional academy who also pursue and practice philosophy as a money-making enterprise: perhaps they’re paid editors of popular philosophy journals; or perhaps they write and sell popular philosophy books; or perhaps they write and sell popular philosophy articles to magazines; or perhaps they appear as philosophy talking-heads on TV or YouTube; or perhaps they write paywalled philosophy blogs or other kinds of paywalled philosophy social media; and so-on. For the purposes of this essay, I’ll classify these people as professional non-academic philosophers, because they’re pursuing and practicing philosophy as a money-making enterprise, but are not also engaged in a career that’s conducted according to the ideological discipline that’s characteristic and indeed partially constitutive of recent and contemporary professional academic philosophy. Correspondingly, I’ll then refine our original critical sharp distinction so that it holds between (i) real philosophy, on the one hand, and either (iia) professional academic philosophy or (iib) professional non-academic philosophy, on the other hand. Granting that, what follows in this essay are three interlinked thought-experiments motivating an overall argument that explores some important implications of that refined critical sharp distinction.
For the purposes of this essay, let “basic income” be shorthand for the package consisting of (i) a regular, yearly stipend, with adjustments for cost-of-living increases, that’s minimally sufficient for the purposes of everyday life for one or more people in a household, for example, the equivalent of $80,000.00 USD, which is currently the median yearly household income in the USA, (ii) adequate healthcare — noting that in the USA, where healthcare is not a universal right, as it is in many countries, the cost of this would be subtracted from the yearly stipend, and (iii) adequate public education from pre-school through higher education — also noting that in the USA, where free higher education for all qualified students is not a universal right, as it is in many countries, this would also be subtracted from the yearly stipend.
And again for the purposes of this essay, let “professional academic incentives” be shorthand for the package consisting of (i) a yearly salary determined by neoliberal professional academic market values, (ii) annual three-month free time/vacations included under your yearly salary, (iii) a tenure-and-promotion stream with at least three ranks of professorship, two of them tenured ranks, each rank tied to regular salary bonuses and/or permanent increases, often but not always depending on so-called “merit,” or on seniority, but in any case also increasingly high professional-social status conferred for each higher rank, and a special ultra-high professional-social status conferred for special endowed (“named”) professorships or Chairs, (iv) regular paid sabbaticals every few years for all tenured professors, (v) yearly research funds and travel funds, especially at the higher-ranked colleges and universities, (vi) a rigid hierarchical system of rankings among colleges and universities, so that professors receive proportionally higher professional-social status by being employed at higher-ranked institutions, right up to the world-ranked top ten institutions, for example:
(v) a rigid hierarchical system of rankings among departments of philosophy, as per the Philosophical Gourmet Report overall rankings, part of which is displayed at the top of this essay, so that philosophy professors receive proportionally higher professional-social status by working at higher-ranked departments, (vii) a set of more-or-less competitive disciplinary or trans-disciplinary fellowships and grants, from the post-doctoral level up through all higher professorial ranks, with high professional-social status awarded to the winners of such competitions, and so-on and so forth, the total collection of which Susan Haack has aptly dubbed perverse incentives (Haack, 2022; see also Hanna, 2022a).
So, in short, philosophy with basic income but without professional academic incentives provides you with the opportunity to pursue and practice philosophy authentically and seriously for its own sake as a full-time, lifetime calling, autonomously, hence in a self-determining and rationally-guided way, independently of the ideological discipline that’s characteristic and indeed partially constitutive of professional academic philosophy, without all the incentives — i.e., goodies — that professional academic philosophy so effectively employs in order to addict you to that way of life and to normalize its ideological discipline, but also in a way that won’t starve you or make you homeless, won’t prevent your access to adequate healthcare, and won’t prevent any children you might have from getting a perfectly adequate education, all the way from pre-school through higher education.
Indeed, philosophy with basic income but without professional academic incentives is today’s equivalent of Socrates’s audacious, edgy, and radical proposal in the Apology that instead of being put to death by his Athenian accusers and persecutors, he should in fact be rewarded with “free maintenance by the state” for his full-time, lifetime labors as a philosophical gadfly (Plato, 1982: p. 22, 37a). Or in other words, philosophy with basic income but without professional academic incentives provides you with the opportunity to do real philosophy, as opposed to professional academic philosophy, with all its professional academic incentives and all its ideological discipline. In another essay, I’ve discussed the hard problem of how a basic income without professional academic incentives and ideological discipline, that’s then used for doing real philosophy, really could be secured in the contemporary real world (Hanna, 2022b: section IX); here, I’ll simply assume, for the purposes of argument, that it’s somehow really possible to secure this in the contemporary real world, and also briefly describe one mode of that near the end of the essay.
Now, what about professional non-academic philosophy? On the one hand, if it were done primarily so that the opportunity of philosophy with basic income but without professional academic incentives could be realized, then professional non-academic philosophy could also be real philosophy. But on the other hand, if it were done primarily as a money-making enterprise, then professional non-academic philosophy would be sophistry, not real philosophy.
Now for the three interlinked thought-experiments.
In the first thought-experiment, let’s suppose that you’ve recently received a PhD in philosophy and have also decided to pursue and practice philosophy thereafter. Then you’re offered the following triadic option: either (i) philosophy with basic income but without professional academic incentives, or (ii) professional academic philosophy, or (iii) professional non-academic philosophy? If you choose (i), or if you choose (iii) primarily so that the opportunity for basic income without professional academic incentives can be realized, then you could be, and indeed you very likely are, a real philosopher, and if so, then you should be heartily applauded by all who love real philosophy, even if they happen to disagree with your philosophical views. But if you choose (ii), then you’re nothing but a careerist and a sophist. And if you choose (iii) primarily as a money-making enterprise, then, although you’re not a careerist, you’re still nothing but a sophist.
In the second thought-experiment, let’s suppose that you’re currently either a professional academic philosopher or a professional non-academic philosopher, and that you hadn’t ever actually self-consciously recognized the real possibility of pursuing and practicing philosophy with basic income but without professional academic incentives, and then you were informed of that real possibility — say, by reading this essay. Now, in order to enrich that opportunity, let’s further suppose that any opportunity for philosophy with basic income but without professional academic incentives also includes the opportunity to teach philosophy to a fairly small number of truly interested, engaged, self-disciplined, and talented students, every year. Then, assuming the existence of that enriched opportunity for philosophy with a basic income but without professional academic incentives, and also assuming that you were offered that enriched opportunity, would you then exit your professional academic philosophy job or your professional non-academic philosophy job in order to take up that enriched opportunity, yes or no? If yes, then you could be, and indeed you very like are, a real philosopher, and if so, you should be heartily applauded by all who love real philosophy, even if they don’t happen to agree with your philosophical views; but if no, then you’re nothing but either a careerist and a sophist, or else not a careerist but still nothing but a sophist.
Finally, in the third thought-experiment, which focuses on professional academic philosophy alone, let’s assume that you’re currently a professional academic philosopher working either at a top ten university as per the Times Higher Education world university top ten rankings displayed above, or at a top ten philosophy department, as per the Philosophical Gourmet Report top ten rankings displayed at the top of this essay. For convenience, let’s call the top ten universities, elite universities, and the top ten philosophy departments, elite philosophy departments. So you’re currently a professional academic philosopher who is working at either an elite university or an elite philosophy department (or, obviously, at both). Moreover, you also explicitly and publicly profess a strong commitment to diversity, equity, and inclusion in higher education, perhaps under the rubrics of social justice theory and/or identitarianism. Then you’re offered the opportunity to give up your elite professional academic philosophy job, in order to give that very job to a deserving and qualified young philosopher who belongs to some or another oppressed minority group, in return for which you’re also offered the enriched opportunity of philosophy with basic income but without professional academic incentives. So would you do this, yes or no? If yes, then not only could you be, and indeed you very likely are, a real philosopher, and if so, then also you have integrity, and therefore you should be heartily applauded by all who love real philosophy that’s conducted with integrity, even if they don’t happen to agree with your philosophical views or with your moral and sociopolitical beliefs; but if no, then you’re nothing but a careerist, a sophist, and a “woke” hypocrite.
Now, attentive readers might have already noticed that if you’re currently working as a professional academic philosopher, then the enriched opportunity for philosophy with a basic income but without professional academic incentives can actually be realized in the contemporary real world simply by means of taking early retirement, or at least retirement-at-age-65, and then also continuing to engage philosophically with some of your best former students, since your professional academic pension income and healthcare benefits, social security income, and medicare, taken together, will easily provide adequate funds for that. Correspondingly, I have an audacious, edgy, and radical two-part proposal that, in the contemporary real world, is effectively equivalent to Socrates’s proposal to his Athenian accusers and persecutors, that he be rewarded with “free maintenance by the state” (Plato, 1982: p. 22, 37a): hence I’ll call it the neo-Socratic proposal.
The first part of the neo-Socratic proposal is that any professional academic philosopher — but especially those working at elite universities or at elite philosophy departments — should take early retirement or at least retirement-at-age-65 and thereby realize the opportunity for philosophy with basic income but without professional academic incentives, so that they can do real philosophy. And the second part of my two-part neo-Socratic proposal is that any professional academic philosopher who is working at an elite university or an elite philosophy department who also explicitly and publicly professes a strong commitment to diversity, equity, and inclusion in higher education, should take early retirement or at least retirement-at-age-65 and thereby realize the opportunity for philosophy with basic income but without professional academic incentives, not only so that they can do real philosophy, but also so that they can give up their elite professional academic philosophy job in order to give that very job to a deserving and qualified young philosopher who belongs to some or another oppressed minority group. Given the ideological discipline that’s characteristic and indeed partially constitutive of professional academic philosophy, it’s easily conceivable that most or even all professional academic philosophers — especially those working at elite universities or at elite philosophy departments — who are approaching, or who have already passed, the age of early retirement or retirement-at-age-65, will not have self-consciously recognized either the existence of the neo-Socratic proposal or its rational compellingness.
But now, Dear Reader, you do self-consciously know that the neo-Socratic proposal exists and also that it’s rationally compelling: therefore, if you fail to act on it now or when the appropriate time comes, then you’re nothing but either a careerist and a sophist, or — what’s even worse, if you also explicitly and publicly profess a strong commitment to diversity, equity, and inclusion in higher education — nothing but a careerist, a sophist, and a “woke” hypocrite.
REFERENCES
(APP, 2013–2024). W, X, Y, & Z, aka Hanna, R. Against Professional Philosophy: A Co-Authored Anarcho-Philosophical Diary. Available online at URL = <https://againstprofphil.org/>.
(Haack, 2021). Haack, S. “Philosophy as a Profession, and as a Calling.” Syzetesis 8: 33–51.
(Haack, 2022). Haack, S. “Universities’ Research Imperative: Paying the Price for Perverse Incentives.” Against Professional Philosophy. 25 September. Available online at URL = < https://againstprofphil.org/2022/09/25/a-guest-essay-by-susan-haack-universities-research-imperative-paying-the-price-for-perverse-incentives/>.
(Hanna, 2022a). Hanna, R. “A Radical Solution For Haack’s ‘Perverse Incentives’ Problem: Liberating Real Philosophy From The Professional Academy.” Against Professional Philosophy. 2 October. Available online HERE.
(Hanna, 2022b). Hanna, R. “Six Studies in The Decline and Fall of Professional Academic Philosophy, And a Real and Relevant Alternative.” Borderless Philosophy 5: 48–130. Available online at URL = <https://www.cckp.space/single-post/bp-5-2022-robert-hanna-six-studies-in-the-decline-and-fall-of-professional-philosophy-48-130>.
(PGR, 2024). “Overall Rankings.” Philosophical Gourmet Report. Available online at URL = <https://www.philosophicalgourmet.com/overall-rankings/>.
(Plato, 1982). Plato. “Socrates’s Defense (Apology).” Trans. H. Trendennick. In E. Hamilton and H. Cairns (eds.), Plato: Collected Dialogues. Princeton NJ: Princeton Univ. Press. Pp. 4–26.
(Schmidt, 2000). Schmidt, J. Disciplined Minds: A Critical Look at Salaried Professionals and the Soul-Battering System That Shapes Their Lives. New York: Rowman & Littlefield.
(World University Rankings.ch, 2024). “Times World University Rankings.” Available online at URL = <https://www.universityrankings.ch/results/Times/2024>.
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Joe Rogan and Shane Smith discuss the importance of universal basic income: “Crime will dip substantially”
October 21, 2024 · · Topic: Basic Income · Relevance: not sureJoe Rogan (left) and Shane Smith (right) talk about universal basic income. [Images courtesy: Jor Rogan Experience on YouTube] Popular MMA personality Joe Rogan recently had journalist and media executive Shane Smith over in his podcast, the Joe Rogan Experience . Smith co-founded VICE Media, formerly known as VICE Magazine, back in 1994. VICE focuses on lifestyle, arts, culture, and politics-related content, topics Smith has been known to explore in the most honest and investigative ways.
In his return to the Joe Rogan Experience , Smith talked about the importance of universal basic income and how it can change the […]
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Popular MMA personality Joe Rogan recently had journalist and media executive Shane Smith over in his podcast, the Joe Rogan Experience. Smith co-founded VICE Media, formerly known as VICE Magazine, back in 1994. VICE focuses on lifestyle, arts, culture, and politics-related content, topics Smith has been known to explore in the most honest and investigative ways.
In his return to the Joe Rogan Experience, Smith talked about the importance of universal basic income and how it can change the world. Universal basic income or UBI is a concept of a government program that grants every adult citizen a set amount of money regularly to alleviate poverty.
Smith said:
"There's this big, chaotic time right now and you're exactly right and people are getting anxious about it and everything. And we got to use that as a time to say, 'Hey, why don't we have a f**king economy where there is a universal basic wage and/or living wage and we take that to doing sh*t where you do something that you like and you're happy about [it]."
To this, Rogan replied with:
"I guarantee you it will cause less crime. I think crime will dip substantially. I think there will be less civil unrest. People's needs will be met. It'll give everyone that feeling of, 'Oh, I don't have to worry about my bills anymore'".
Check out Joe Rogan and Shane Smith's conversation below (59:14):
Shane Smith explains to Joe Rogan how VICE changing prompted him to step down as CEO
VICE as a media company, at least when Shane Smith started it as a magazine back in the 90s, was aimed to challenge the status quo of mainstream media and elevate independent, free-thinking journalism. VICE became one of the most-viewed news programs in the world, reaching new heights in viewership once it expanded to video content in 2011.
The media company went on a decline from 2018 to its filing of bankruptcy in 2023, however. Smith talked about this on the podcast, saying (via Joe Rogan Experience):
"I actually called in from the beginning. I said, 'Look, we're going to get too big and at that point, we're gonna become the thing that we're [going up against]. We were a challenger brand and we're gonna become the status quo and then we're gonna get our a**es kicked."
Check out Shane Smith's comments below (3:36)
TASC Partnering with City of Madison for Guaranteed Income Pilot Program
October 21, 2024 · · Topic: Basic Income · Relevance: not sureTotal Administrative Services Corporation (TASC)
2302 International Ln
Madison, Wi 53704-3140
T: 888.595.2261
TASC is excited to work on the Guaranteed Income pilot program and in addition to the partnership with Give Back Foundation, TASC has donated money and resources to help the program be a success for the Madison area.TASC is committed to bettering our community and being a part of this pilot program is an important step in that journey.TASC is a for-profit, privately held tech-enabled financial and administrative subscription-as-a-service organization designed to handle the needs of the role of an MGI Guaranteed Income Disbursement Partner.“This is […]
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Total Administrative Services Corporation (TASC)
2302 International Ln
Madison, Wi 53704-3140
T: 888.595.2261
TASC is excited to work on the Guaranteed Income pilot program and in addition to the partnership with Give Back Foundation, TASC has donated money and resources to help the program be a success for the Madison area.
TASC is committed to bettering our community and being a part of this pilot program is an important step in that journey.
TASC is a for-profit, privately held tech-enabled financial and administrative subscription-as-a-service organization designed to handle the needs of the role of an MGI Guaranteed Income Disbursement Partner.
“This is an amazing opportunity to provide financial assistance to those in need in the City of Madison.” Said TASC CEO Dan Rashke. “This partnership speaks to the core of TASC’s mission to improve the health, wealth and wellbeing of our customer, employees and communities.”
The Guaranteed Income pilot program is showing immense signs of success in other cities and TASC is eager to be a part of bringing that success to Madison. The benefits of this program will reach far beyond immediate recipients of this program, it will benefit entire communities.
About TASC
Since 1975, we have evolved to meet the ever-changing needs of our clients and their employees and work with them to provide benefit options that feel like benefits every day and in times of great need. Headquartered in Madison, Wisconsin, TASC is the nation’s largest, privately held, third-party administrator for employee benefits programs. A philanthropy-driven, family-owned business, TASC delivers innovative quality solutions that help protect the rights of more than 65,000 sole proprietors, family farmers and business owners of all sizes all over the country. www.tasconline.com
About the Give Back Foundation
The GiveBack Foundation is a 501(c)(3) offering a unique solution that encourages more people, giving more, more often, to more charitable organizations. With access to more than 1.5 million IRS approved charities, the GiveBack Foundation the peace of mind that their generosity goes where you expect and will make a difference. www.giveback.org
Post Office MIS 2024: There will be a guaranteed income of ₹ 5550 every month, note down the complete details
October 21, 2024 · · Topic: Basic Income · Relevance: not surePost Office MIS 2024: There will be a guaranteed income of ₹ 5550 every month, note down the complete details Post Office MIS 2024: After every 5 years, there will be an option to take your principal amount or continue the scheme. The interest received on the account is paid every month in the post office savings account.
Post Office MIS 2024: The new year has begun. Along with this, a new plan should also be prepared for savings. For saving, it is most important that the investment amount is safe and it gets guaranteed returns. For this, […]
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Post Office MIS 2024: After every 5 years, there will be an option to take your principal amount or continue the scheme. The interest received on the account is paid every month in the post office savings account.
Post Office MIS 2024: The new year has begun. Along with this, a new plan should also be prepared for savings. For saving, it is most important that the investment amount is safe and it gets guaranteed returns. For this, the government-backed Post Office Scheme becomes the first choice. Because here you get safe and guaranteed returns on savings. Along with the trust of the government. The figure of guaranteed return is more than the FD of banks. One such saving scheme is Monthly Income Scheme, in which income is generated every month on lump sum deposit.
Post Office MIS 2024 Calculation
Investment: Rs 9 lakh
Annual interest rate: 7.4%
Tenure: 5 years
Interest income: Rs 3,33,000
Monthly income: Rs 5,550
Post Office MIS: Important points
In this scheme of Post Office, you can deposit up to Rs 9 lakh in a single account and Rs 15 lakh in a joint account. If you want, your total principal amount will be returned after a maturity period of 5 years. At the same time, it can be extended for another 5 years. After every 5 years, there will be an option to take your principal amount or extend the scheme. The interest received on the account is paid every month in the savings account of the post office. TDS is not deducted on investment in Post Office Monthly Income Scheme. However, the interest that comes into your hands is taxable.
Post Office MIS: Rules for pre-mature closure
If you need to withdraw money before maturity in Post Office Monthly Saving Scheme, then you get this facility after one year, but if you want to withdraw the amount before that, then it is not possible. However, in case of pre-mature closure also you have to pay penalty. If you withdraw money between 1 to 3 years, then 2% of the deposit amount is deducted and returned.
Best Guaranteed Income Plans In India For 2024
October 21, 2024 · · Topic: Basic Income · Relevance: not surebest guaranteed income plan In a world where financial stability and future security are crucial, investing in the best guaranteed income plan becomes essential. If you are looking for a risk-free investment option that not only ensures a secure future for you and your family but also guarantees a steady flow of income, then Guaranteed Return Plans are the perfect solution. These plans offer a blend of life insurance and assured returns, making them a reliable choice for long-term savings. Let’s explore the best guaranteed return plans in India for 2024, their features, benefits, and why they are the […]
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In a world where financial stability and future security are crucial, investing in the best guaranteed income plan becomes essential. If you are looking for a risk-free investment option that not only ensures a secure future for you and your family but also guarantees a steady flow of income, then Guaranteed Return Plans are the perfect solution. These plans offer a blend of life insurance and assured returns, making them a reliable choice for long-term savings. Let's explore the best guaranteed return plans in India for 2024, their features, benefits, and why they are the go-to option for risk-averse individuals.
What Is A Guaranteed Income Plan?
A Guaranteed Income Plan is a type of insurance policy designed to provide you with guaranteed returns on your investment after a specified period. These plans help you save a fixed amount of money over the long term while offering a guarantee that you’ll receive those savings plus an additional return. You can choose whether to receive this payout as a lump sum, in regular intervals, or as a lifelong income.
These plans are ideal for individuals who prefer stability and certainty over market-linked investments, which may offer higher returns but come with risks. By investing in a guaranteed return plan, you not only secure your future but also ensure that your loved ones are financially protected in case of unforeseen circumstances.
List Of Top 5 Best Guaranteed Income Plans In India
Plans Name | Entry Age | Maturity Age | Policy Term | Minimum Annual Premium |
ICICI Pru ASIP | 18-57 Years | 18-72 Years | 10-15 Years | Rs. 50,000 |
Bajaj Allianz Assured Wealth Goal | 18-50 Years | 18-75 Years | 5-12 Years | Rs. 50,000 |
TATA AIA Guaranteed Return Insurance Plan | 18-65 Years | 18- 85 Years | 5-12 Years | Rs. 24,000 |
HDFC Life Sanchay Plus | 30 days - 45 Years | 18-70 Years | 15-25 Years | Rs. 30,000 |
Bajaj Allianz Goal Suraksha | 18-50 Years | 28-65 Years | 10-20 Years | Rs. 3,000 |
Why Choose A Guaranteed Income Plan?
Guaranteed return plans offer stability, financial security, and peace of mind. These plans are best suited for individuals who prefer to save and grow their money without the risks that come with other market-dependent investments. Here are the core benefits of choosing a guaranteed return plan:
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Risk-Free Returns: Unlike mutual funds or stocks, where returns depend on market fluctuations, a guaranteed return plan provides 100 percentage certainty on the income you'll receive.
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Customisable Payout Options: You can tailor the payout structure as per your needs, whether you require a lump sum for large expenses or a steady income stream to meet ongoing financial commitments.
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Life Cover: Along with the assured returns, guaranteed return plans offer life insurance coverage, ensuring your family is taken care of in your absence.
Invest In Guaranteed Income – Find & Compare Now!
Features Of Guaranteed Income Plans In India
- Guaranteed Income: These plans assure you a guaranteed income plan for a fixed term. You can choose to receive your payout as a lump sum, in regular intervals, or as lifelong income, depending on your financial goals.
- Flexibility in Returns: You can opt for a guaranteed lump sum amount or set up long-term or short-term income plans. This flexibility ensures that your investment aligns with your specific needs, whether it’s saving for your childs education, buying a house, or planning for retirement.
- Life Insurance Coverage: A guaranteed life insurance policy provides financial protection to your family in the event of your untimely demise. This means your loved ones will receive not only the guaranteed returns but also a life cover benefit.
- Premium Payment Options: You can pay premiums at your convenience. The plan offers single, annual, half-yearly, quarterly, or monthly premium payment modes, allowing you to manage your finances more effectively.
- Tax-Free Maturity: The payouts received from a guaranteed return insurance plan are tax-free under Section 10(10D) of the Income Tax Act 1961, ensuring that your earnings are exempt from tax.
Who Can Buy Guaranteed Income Plans?
Guaranteed return plans are available to individuals aged between 18 and 60 years. The policy term can range from 5 to 30 years, offering flexibility based on your financial needs and goals. Whether you are a young professional starting your career or someone planning for retirement, these plans cater to a wide range of age groups and financial aspirations.
Benefits Of Guaranteed Income Plans
- 100 % Guaranteed Returns: These plans offer complete certainty of return on your investment. You receive a predetermined amount at the end of the policy term, ensuring that your financial goals are met without any risk.
- Maturity Benefit: At the policy maturity, you receive the guaranteed sum along with any applicable bonuses, ensuring your savings have grown during the term of the policy.
- Death Benefit: In the unfortunate event of your demise, your family receives the sum assured along with any bonuses. This offers financial protection to your loved ones in your absence.
- Optional Riders: To enhance your policy coverage, you can opt for additional riders like accidental death benefit, critical illness cover, or waiver of premium, ensuring that you’re comprehensively protected against life uncertainties.
- Simplicity and Accessibility: Guaranteed return plans are easy to understand and simple to manage, making them accessible to all types of investors, even those who are new to financial planning. You do not need to be an expert in finance to benefit from these plans, as they offer straightforward investment options with clear, guaranteed returns.
- Diversification and Risk Mitigation: While guaranteed return plans themselves are risk-free, they serve as an excellent way to diversify your investment portfolio. By including a guaranteed return plan in your investment mix, you mitigate the risks associated with market-linked investments like mutual funds or stocks, ensuring that a portion of your wealth is always safe and growing steadily.
Tax Benefits Of Guaranteed Income Plans
One of the significant advantages of the best guaranteed income plans is the tax benefit they offer, making them an even more attractive investment option.
- Premium Deductions Under Section 80C: The premiums you pay towards your guaranteed return plan are eligible for tax deductions under Section 80C of the Income Tax Act 1961, up to a maximum of Rs1.5 lakh per annum. This helps you save on taxes while securing your future.
- Tax-Free Maturity Payouts Under Section 10(10D): The maturity benefits you receive at the end of the policy term are tax-free, provided the premiums do not exceed 10% of the sum assured. This ensures that your returns remain untaxed, allowing you to maximise your savings.
- Tax-Free Death Benefit: In case of the policyholders demise, the death benefit paid to the nominee is also exempt from taxes under Section 10(10D), offering further financial security to your family.
Compare & Choose The Best Guaranteed Return Plans Now – Click Here!
How Does A Guaranteed Income Plan Work?
A guaranteed return plan works by requiring you to pay premiums for a specified period, after which you are guaranteed a payout. Here how the process typically works:
- Choose the Policy Term and Premium Payment Mode: You select a policy term (which can range from 5 to 30 years) and decide how you wish to pay the premiums—either as a lump sum, annually, or at shorter intervals.
- Pay Regular Premiums :Throughout the policy term, you pay regular premiums to the insurance provider. These premiums are invested by the insurer in safe, secure instruments that guarantee fixed returns.
- Receive Payouts: At the end of the policy term, or at the intervals specified, you receive a guaranteed payout, which can be in the form of a lump sum or periodic payments. Some policies even offer the option of lifetime payouts, ensuring a steady flow of income post-retirement.
- Death Benefit: In the unfortunate event of the policyholders demise during the policy term, the nominee will receive the death benefit (the sum assured) along with any accrued bonuses, ensuring the familys financial security.
- Bonus Additions (if applicable): Depending on the type of plan, you may also receive bonuses such as reversionary bonuses or terminal bonuses, which are declared by the insurer based on their performance.
Factors To Consider Before Buying An Income Return Plan
Before investing in the best guaranteed income plan, it’s essential to consider certain factors to ensure the plan aligns with your financial goals.
- Your Financial Goals :Determine why you need the plan. Are you investing to secure your child's education, buy a house, or plan for your retirement? Choosing the right plan depends heavily on understanding your financial objectives and matching them to the features and benefits of the policy.
- Investment Horizon: These plans typically require a long-term commitment, ranging from 5 to 30 years. Ensure that the investment horizon matches your savings goals. If you’re saving for a short-term goal, these plans might not be the best fit due to the long lock-in period.
- Premium Payment Capacity :You need to assess how much premium you can comfortably pay without straining your finances. Choose a plan with flexible premium payment options (monthly, yearly, or single premium) that align with your financial situation.
- Risk Tolerance: Guaranteed return plans are ideal for risk-averse investors who want stable, predictable returns. If you are looking for higher, market-linked returns and are willing to take some risk, you may want to explore other investment options.
- Surrender Value: Consider whether you need extra coverage like critical illness or accidental death riders. These can provide enhanced protection but come with additional costs, so weigh the necessity of these riders against your current financial situation.
- Surrender Value :While these plans offer guaranteed returns, exiting the policy prematurely can result in a loss of benefits. Make sure you understand the surrender value of the plan and the penalties associated with early termination before committing.
- Tax Implications :Evaluate the tax benefits associated with the plan, especially the deductions available under Section 80C and the tax-free nature of payouts under Section 10(10D). This can significantly impact your overall savings.
Why OkBima Is A Trusted Partner For Guaranteed Income Plans?
When it comes to choosing the right guaranteed return insurance plan, OkBima stands out as a trusted insurance agency. At OkBima, we understand that your financial goals and future aspirations are unique. That's why we offer personalised insurance solutions that are tailored to your specific needs. Our experienced team provides expert guidance, helping you choose the best guaranteed income plan that not only secures your future but also offers life protection to your loved ones. With transparent processes and a client-first approach, OkBima is committed to helping you achieve financial peace of mind.
Summing It Up…
In today uncertain financial climate, having a secure investment option is crucial. By choosing a guaranteed return plan, you're not only safeguarding your future but also ensuring financial protection for your family. Whether you're looking to build a retirement corpus, save for your child education, or simply want a reliable income stream, guaranteed return plans are the safest option for risk-averse investors. So, take control of your financial future today and make the smart choice with a guaranteed return plan.
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ABC 13 Houston’s Rita Garcia reveals she is now expecting baby No. 2
October 21, 2024 · · Topic: Basic Income · Relevance: badABC 13 morning anchor Rita Garcia and her husband, Sergio Selvera, announced they are expecting their second child. After giving birth to her first child early last year, ABC 13 Houston anchor Rita Garcia is now expecting her second. The weekday morning anchor took to social media on Friday to make the big announcement. "I’m usually the one delivering the news, but today, Jordan, the future big sister, has the honor," Garcia wrote on Facebook. "Exciting times ahead as we get ready to become a family of four!"
In a slideshow included in the post, Garcia and her husband Sergio […]
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After giving birth to her first child early last year, ABC 13 Houston anchor Rita Garcia is now expecting her second. The weekday morning anchor took to social media on Friday to make the big announcement. "I'm usually the one delivering the news, but today, Jordan, the future big sister, has the honor," Garcia wrote on Facebook. "Exciting times ahead as we get ready to become a family of four!"
In a slideshow included in the post, Garcia and her husband Sergio Selvera hold hands with their daughter Jordan Renee, who wore a "big sis" T-shirt. The couple, who wed in 2021, welcomed Jordan on Jan. 21, 2023.
Prior to joining ABC 13 in 2021, Garcia worked as a morning anchor in Los Angeles on FOX 11's Good Day LA. While on maternity leave last year, she took some time out to appear on the show to congratulate her former co-anchor Tony McEwing on his retirement during his final day at the channel. Before her time on the West Coast, Garcia was previously an anchor at FOX 26 Houston. Born in Austin, she is a Texas State University graduate. She kicked off her career in TV in the Rio Grande Valley at ABC's KRGV-TV, where she was Cameron County bureau chief.
Garcia isn't the only local TV news personality to announce a baby on the way next year. Last week, KPRC 2 meteorologist Caroline Brown revealed she and her husband Jack Chadderdon will be welcoming their first child, a baby boy, in February. The couple has decided to name him Jack Jr. and his nickname will be J.J.
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Battle | Ken Paxton sues Harris Co. over guaranteed income program
Moves | Texas A&M begs people to stop breakdancing in art galleries
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Threshold | UT-Austin announces new cut to automatic admission
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Canadians Can Claim October $2254 OAS Payment in October: Check Complete Process, Date & Fact
October 21, 2024 · · Topic: Basic Income · Relevance: not sureCanadians Can Claim October $2254 OAS Payment in October If you’re a Canadian senior, you might have heard about the October 2024 Old Age Security (OAS) payment of up to $2,254. This payment is making headlines, especially as it offers significant financial relief for many Canadians in their retirement years. But what does this payment entail? How can you ensure you’re eligible? And what steps do you need to take to receive it? n this article, we’ll dive into the Old Age Security (OAS) program, explain how seniors can claim the October 2024 OAS payment , and provide a […]
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If you’re a Canadian senior, you might have heard about the October 2024 Old Age Security (OAS) payment of up to $2,254. This payment is making headlines, especially as it offers significant financial relief for many Canadians in their retirement years. But what does this payment entail? How can you ensure you’re eligible? And what steps do you need to take to receive it? n this article, we’ll dive into the Old Age Security (OAS) program, explain how seniors can claim the October 2024 OAS payment, and provide a step-by-step guide to ensure you get the most out of your retirement benefits.
Canadians Can Claim October $2254 OAS Payment in October
Topic | Details |
---|---|
Payment Amount | Up to $2,254 for eligible recipients |
Eligibility | Canadians aged 65+, lived in Canada for at least 10 years post-age 18 |
Payment Date | October 29, 2024 |
How to Apply | Automatically applied if already enrolled; new applicants apply via Service Canada |
Additional Benefits | Guaranteed Income Supplement (GIS) and provincial top-ups may be included |
The October 2024 OAS payment offers much-needed financial support to Canadian seniors, with some receiving up to $2,254. Whether you’re already receiving OAS or planning to apply, it’s essential to understand the eligibility criteria, payment amounts, and the additional benefits available to you. Make sure to check your eligibility, gather the necessary documents, and apply through Service Canada if you haven’t yet. For seniors already enrolled, expect the increase in your payment at the end of October, no extra action is required.
What is the Old Age Security (OAS) Program?
The Old Age Security (OAS) program is a monthly pension available to Canadians who are 65 years or older. Unlike the Canada Pension Plan (CPP), which is based on your contributions during your working years, OAS payments are available to almost all seniors, provided they’ve lived in Canada for a certain period.
In 2024, the OAS program is set to increase payments to seniors, with some individuals able to receive up to $2,254 this October. This figure can include additional supplements, like the Guaranteed Income Supplement (GIS), which offers extra financial help to low-income seniors. For those aged 75 and older, an automatic 10% boost to their OAS payments is already in place.
Why is the OAS Important?
For many retirees, OAS is a vital source of income. Combined with other programs like CPP and private savings, it helps seniors meet their living expenses, such as housing, healthcare, and daily necessities. The October 2024 payment increase is designed to adjust for inflation and provide seniors with more purchasing power.
How Much Can You Get in October 2024?
As mentioned earlier, the maximum OAS payment for October 2024 could reach up to $2,254, though this amount may vary. Here’s how the payment breaks down:
- The basic OAS payment for seniors aged 65 and over is expected to be around $630 to $640.
- Seniors aged 75 and older get a 10% boost, making their payment exceed $700 per month.
- The Guaranteed Income Supplement (GIS) can add to this amount for low-income seniors, potentially pushing the total payment closer to the $2,254 mark.
It’s important to understand that not all seniors will receive the full $2,254. The actual amount you receive depends on your income, marital status, and whether you qualify for additional benefits like the GIS.
Example Calculation:
Let’s say you’re a 78-year-old senior with a low income. Your OAS payment could look something like this:
- Base OAS Payment (with 10% boost): $700
- Guaranteed Income Supplement: $850
- Provincial Top-up (if applicable): $200
- Total October Payment: $1,750
If you qualify for additional supplements or have unique circumstances, this amount could increase, but not all seniors will see payments as high as $2,254.
How to Claim the October $2254 OAS Payment in October
If you’re already receiving OAS benefits, there’s good news—you don’t have to do anything extra. The increase will be applied automatically to your October 2024 payment, which is expected to be deposited by October 29, 2024.
Step-by-Step Guide for New Applicants:
- Check Eligibility:
- You must be 65 years or older.
- You must have lived in Canada for at least 10 years after turning 18.
- Gather Necessary Documents:
- Proof of age (birth certificate or passport).
- Proof of residency in Canada (tax returns, utility bills, etc.).
- Apply Through Service Canada:
- Visit the Service Canada website to submit your application online.
- You can also apply by mail using the paper form available on their website.
- Wait for Approval:
- Processing times can vary, but you should receive confirmation of your OAS payment eligibility within 6-12 weeks.
- Start Receiving Payments:
- Once approved, you will begin receiving monthly payments automatically. Your first payment will include any back payments owed to you, depending on when you became eligible.
Can You Receive Retroactive Payments?
Yes, if you’re late applying for OAS, you can receive retroactive payments for up to 12 months, assuming you were eligible during that period. However, it’s best to apply as soon as you turn 65 to avoid delays.
Additional Benefits You Should Know About
In addition to the OAS pension, there are several other benefits you may be eligible for:
1. Guaranteed Income Supplement (GIS)
The GIS is an additional payment for low-income seniors. To qualify, you must already be receiving OAS and have an income below a certain threshold. The exact amount you can receive depends on your income and whether you are single, married, or living with a partner.
2. Allowance for the Survivor
If your spouse or partner has passed away and you’re between the ages of 60 and 64, you might be eligible for the Allowance for the Survivor. This payment is meant to provide financial support to low-income seniors who have lost their partner.
3. Provincial and Territorial Top-Ups
Several provinces and territories offer top-ups to the OAS payment, designed to help seniors with specific needs or living costs. Check with your provincial government to see if you qualify for any additional support.
Old Age Security (OAS) Changes 2024: New Eligibility and Payment Increases
Financial Relief 4 CRA Benefits Increased In Canada: Check Out Enhanced Benefits in 2024
Frequently Asked Questions (FAQs)
1. When will I receive the October 2024 OAS payment?
The October 2024 OAS payment is expected to be deposited on October 29, 2024. Payments typically arrive toward the end of each month.
2. How much will I receive in October 2024?
The exact amount varies based on your age, income, and whether you qualify for additional benefits like the GIS. Some seniors may receive up to $2,254, but the average payment will likely be lower.
3. Do I need to reapply to receive the increased October 2024 payment?
No, if you’re already receiving OAS payments, the increase will be applied automatically. If you’re not yet receiving OAS, you’ll need to apply through Service Canada.
4. What if I’m outside of Canada?
You can still receive OAS payments if you’re living outside Canada, provided you’ve met the residency requirements. However, the amount may be adjusted depending on your location.
Hey there! I'm Anjali Tamta, hailing from the beautiful city of Dehradun. Writing and sharing knowledge are my passions. Through my contributions, I aim to provide valuable insights and information to our audience. Stay tuned as I continue to bring my expertise to our platform, enriching our content with my love for writing and sharing knowledge. I invite you to delve deeper into my articles. Follow me on Instagram for more insights and updates. Looking forward to sharing more with you!
New Animated Sitcom Celebrates South Jersey, Accents and All
October 21, 2024 · · Topic: Basic Income · Relevance: not sureOver the years, we have seen many shows based on the culture and themes of Philadelphia and North Jersey. But the writers seem to never get it right whenever popular Television and Streaming Programs highlight South Jersey.
Cherry Hill High School East Graduates Adam and Craig Malamut decided to create a show that would accurately portray the people in South Jersey. Debuting on FOX with over Four Million live viewers on September 8t h, this new Animated Comedy has already been renewed for a second season. What Is This New Animated Sitcom Based On South Jersey?
Universal Basic Guys is […]
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Over the years, we have seen many shows based on the culture and themes of Philadelphia and North Jersey. But the writers seem to never get it right whenever popular Television and Streaming Programs highlight South Jersey.
Cherry Hill High School East Graduates Adam and Craig Malamut decided to create a show that would accurately portray the people in South Jersey. Debuting on FOX with over Four Million live viewers on September 8th, this new Animated Comedy has already been renewed for a second season.
What Is This New Animated Sitcom Based On South Jersey?
Universal Basic Guys is a show featuring brothers Mark and Hank Hoagies who lost their jobs at the local Hot Dog Factory due to technological advances. As a result, the brothers begin receiving monthly "Universal Basic Income" checks worth $3,000 and the program follows along with their different adventures now they have no jobs.
One of the most popular Animated Comedy Shows on TV and Streaming, Universal Basic Guys is a fun depiction of South Jersey themes and the mentality of Philadelphia Sports fans. Co-Creator Adam Malamut joined "GameNight with Josh Hennig" on 973 ESPN South Jersey and he spoke about how important it was for this program to be true to his South Jersey Roots:
"It has to be authentic to South Jersey. In fact, the show is Animated in Australia and I'm like 'no, no, that's not what the street signs look like here, it's gotta look like this' and (I'm telling them) 'This looks like way too cute of a downtown, okay? Where I'm from, you gotta have strip malls and stuff like that'."
"(The characters) go to PJs, which in our (fictional) world is TJ Wooderhan's and we got 'WoWos' which is our (fictional world version) of WaWa. For us, we wanted to overdo it and just lean into it because part of (who we are) is where we grew up and we wanted to get the accents the way we hear them"
On popular shows such as The Sopranos, Always Sunny in Philadelphia, and Jersey Shore, the portrayal of South Jersey has always been inaccurate and the Malamut Brothers recognized this. While they wanted to make a great Animated Sticom, it was important for them to be authentically South Jersey.
In my conversation with Adam Malamut, he talked about how Sports Talk Radio was part of his inspiration for the fictional brothers Mark and Hank Hoagies:
"I grew up listening to Sports Talk Radio back in the day...I listened late at night to all these (callers saying) 'You gotta run the ball' and all that stuff - The idea was to build this character and what happens when (Mark Hoagies), who is going to run his mouth a lot, has to actually try and do these certain things."
"Then Hank (Hoagies) is like the sweet, simple brother, sort of based on my little brother when he used to look up to me before he realized I was an idiot. (Hank Hoagies) is more of a Phillies fan, likes the Phanatic, he likes to eat hot dogs....There's a little more positivity to the vibe (of Hank's character), he's the happy Philly Sports Fan, happy to eat a hot dog at a ballgame while Mark (Hoagies) is like the angry 'I know everything' type (of sports fan); He's got a Philly Sports fan opinion about everything."
October 20th is the next episode of Universal Basic Guys with Mark and Hank Hoagies going to an Eagles-Giants game. The new episode is debuting the same day at the Philadelphia Eagles and New York Giants play for the 186th time in the history of their rivalry.
The Brothers Adam and Craig Malamut are self-taught animators who have received Sports Emmy nominations for their hit web series Game of Zones on Bleacher Report. New Episodes of Universal Basic Guys are Sunday Nights on FOX and streaming the next day on Hulu.
Universal Basic Guys has already been renewed for a second season so you can continue to follow the adventures of Mark and Hank Hoagies. Will the Hoagies join this list of the Best Fictional Characters from New Jersey?
The Best Fictional Characters From New Jersey
While New Jersey is surrounded by two of the most famous cities in the United States, there are some incredible people with connections to The Garden State. Yes, Rocky Balboa is from Philadelphia and Spider-Man is from Queens, New York but New Jersey has some great characters who have a history with NJ.
Check out out list below to see if your favorite characters made our list:
Gallery Credit: Josh Hennig/Townsquare Media
McConalogue: €206m in eco-scheme advance payments underway
October 21, 2024 · · Topic: Basic Income · Relevance: badAdvance payments under the eco-scheme, worth €206 million, are underway, the Minister for Agriculture, Food and the Marine announced today (Monday, October 21).
According to Minister Charlie McConalogue 110,450 farmers will receive advance payments under the scheme. “Eco-scheme payments are a vital support for farmers and the payment rate in 2024 will be €66.50 per eligible hectare. “The €206 million payment made today, which is €22 million more than in the advance payment in 2023, builds on the Basic Income Support for Sustainability (BISS) advance payment last week to over 110,000 farmers meaning that total advance payments on BISS, Complementary […]
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Advance payments under the eco-scheme, worth €206 million, are underway, the Minister for Agriculture, Food and the Marine announced today (Monday, October 21).
According to Minister Charlie McConalogue 110,450 farmers will receive advance payments under the scheme.
“Eco-scheme payments are a vital support for farmers and the payment rate in 2024 will be €66.50 per eligible hectare.
“The €206 million payment made today, which is €22 million more than in the advance payment in 2023, builds on the Basic Income Support for Sustainability (BISS) advance payment last week to over 110,000 farmers meaning that total advance payments on BISS, Complementary Redistributive Income Support for Sustainability (CRISS) and eco-scheme over the last week amounts to over €712 million,” Minister McConalogue added.
Eco-scheme
To qualify for the eco-scheme payment, farmers have to undertake specific agricultural practices on their farms.
The eco-scheme has eight agricultural practices to choose from and three of these practices also have an enhanced option.
According to the Department of Agriculture, Food and the Marine (DAFM) the aim of the eco-scheme is to “reward farmers, from all farming sectors and from different levels of intensity, for undertaking actions that are beneficial to the climate, environment, water quality and biodiversity”.
Minister McConalogue said: “I know how important these payments are and have been steadfast in my resolve to ensure that all scheme payments issue to farmers in the most efficient and timely manner possible.
“I am therefore pleased that with 94% of all 2024 eco-scheme eligible applicants being paid today, the department is meeting its commitment under the Farmers’ Charter to pay 90% of eligible applicants.”
According to the minister the eco-scheme advance payments starting today at are at a rate of 70% – which is the same rate it was paid at in 2023.
“Payments will be visible in farmers’ bank accounts in the coming days and the department will continue to process, all remaining cases for payment as they meet scheme criteria.
“I would however urge any farmers with outstanding requests for documentation from my department, to return them to allow payments to issue as soon as possible,” he added.
Minister McConalogue also detailed that advance payments under the 2024 Areas of Natural Constraints Scheme (ANC) which started last month and 2024 BISS payments that began last week are continuing “as more cases are cleared for payment”.
Guaranteed Income: Invest in Post Office Monthly Income Scheme with 7.4% Interest Rate
October 21, 2024 · · Topic: Basic Income · Relevance: badDo you want to get regular income on your savings, Post Office Monthly Savings Income Scheme can be a great option for you. By investing in this scheme, you can definitely get a fixed amount in your account every month. Benefits of the scheme
Regular income: Get a fixed amount every month.
Attractive interest rate: The interest rate of this scheme is higher than other investment options. Safe investment: Post office schemes are completely safe. Flexibility: You can invest in this scheme from a minimum of ₹ 1,000 to a maximum of ₹ 9 lakh (for a single account) […]
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Do you want to get regular income on your savings, Post Office Monthly Savings Income Scheme can be a great option for you. By investing in this scheme, you can definitely get a fixed amount in your account every month.
Benefits of the scheme
Regular income: Get a fixed amount every month.
Attractive interest rate: The interest rate of this scheme is higher than other investment options.
Safe investment: Post office schemes are completely safe.
Flexibility: You can invest in this scheme from a minimum of ₹ 1,000 to a maximum of ₹ 9 lakh (for a single account) or up to ₹ 15 lakh (for a joint account).
How to Invest
To invest in the Monthly Income Scheme, you first have to open your savings account at the post office. After this, you will have to submit the filled form for National Savings Monthly Income Account. Also, you have to deposit the amount to be deposited in the account through cash or cheque along with the form. After this, your Post Office Monthly Income Account will be opened.
Interest Rate and Returns
The interest rate of the Post Office Monthly Income Scheme changes from time to time. Currently, the interest rate is 7.4%. If you invest ₹15 lakh in this scheme, you will get an income of around ₹12,333 every month.
Investment Limit
You can invest up to a maximum of ₹9 lakh when opening a single account.
You can invest up to a maximum of ₹15 lakh when opening a joint account.
Additional Information
You can open a single or joint account in this scheme. The maturity period of this great scheme is about to 5 years. You can withdraw your investment in this scheme at any time, but certain conditions may apply. If you want to invest in this scheme for more than 5 years, you can extend it in blocks of 5 years.
Invest Now
Monthly Savings Income Scheme is a great way to secure your future and get regular income. If you want to invest in this scheme, visit your nearest post office today and find out more.
Canada $3500 October Old Age Security Payment Coming for Seniors: Only these will get it, Payment, Eligibility, & Apply Process
October 21, 2024 · · Topic: Basic Income · Relevance: not sureOld Age Security Payment Coming for Seniors : As the cost of living continues to rise, Canadian seniors are looking forward to the $3,500 Old Age Security (OAS) payment in October 2024 . This one-time boost aims to help seniors cope with financial challenges, especially those on low or fixed incomes. In this article, we’ll break down who is eligible, how much you could receive, and how to apply for this significant benefit. Canada $3500 October Old Age Security Payment Coming for Seniors Topic Details Maximum Payment Up to $3,500 in October 2024 Eligibility Canadians aged 65 and above, […]
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Old Age Security Payment Coming for Seniors: As the cost of living continues to rise, Canadian seniors are looking forward to the $3,500 Old Age Security (OAS) payment in October 2024. This one-time boost aims to help seniors cope with financial challenges, especially those on low or fixed incomes. In this article, we’ll break down who is eligible, how much you could receive, and how to apply for this significant benefit.
Topic | Details |
---|---|
Maximum Payment | Up to $3,500 in October 2024 |
Eligibility | Canadians aged 65 and above, meeting residency and income requirements |
Payment Date | October 29, 2024 |
Application Process | Most seniors are automatically enrolled; others must apply via the Canada OAS Portal |
Income Clawback Threshold | Income exceeding $90,997 (2023) could lead to partial or full repayment of OAS benefits |
Guaranteed Income Supplement (GIS) | Additional support for low-income seniors, offering up to $1,086.88 per month |
How to Apply | Visit the Service Canada website to apply or check your eligibility. |
The $3,500 Old Age Security payment in October 2024 is a critical boost for many Canadian seniors, helping them cope with the rising cost of living. If you meet the eligibility criteria, you can look forward to this one-time payment automatically deposited into your account. For those not yet enrolled, it’s essential to apply through the Service Canada portal to ensure you receive your benefits on time.
What is the $3,500 OAS Payment?
The $3,500 payment is part of Canada’s Old Age Security program, designed to support seniors facing financial challenges. The government periodically adjusts these benefits to help retirees cope with inflation and other economic pressures. This October, a one-time OAS payment is expected to provide significant relief to eligible seniors.
Eligibility for $3500 October Old Age Security Payment
To be eligible for the October 2024 OAS payment, you must meet specific criteria:
- Age Requirement: You must be at least 65 years old.
- Residency: You should have lived in Canada for at least 10 years after the age of 18. For full benefits, 40 years of residency are required. If you reside outside Canada, you must have lived in the country for 20 years after turning 18.
- Income: The amount you receive depends on your income. Seniors with an annual income over $90,997 in 2023 may see their benefits reduced or eliminated through the OAS clawback. If your income is lower, you could be eligible for the full payment, including additional support like the Guaranteed Income Supplement (GIS).
How Much Will You Receive?
While the maximum payment is $3,500, the exact amount may vary depending on factors like age and income. Seniors aged 75 and older receive an additional 10% of their OAS benefits due to a permanent increase introduced in 2022. Additionally, if your income exceeds a certain threshold, your OAS benefits may be reduced by 15% for every dollar above the limit.
The GIS offers further financial aid to low-income seniors, adding up to $1,086.88 per month on top of OAS payments.
October Old Age Security Payment Date and Schedule
The $3,500 payment is scheduled to be deposited on October 29, 2024. This is part of the regular OAS payment cycle, which includes monthly deposits made at the end of each month.
For the remainder of 2024, OAS payment dates are as follows:
- November 27, 2024
- December 20, 2024 (early payment due to the holiday season)
How to Apply for Canada $3500 October Old Age Security Payment Coming for Seniors
For most eligible seniors, no action is required. The Canadian government automatically enrolls citizens in the OAS program when they turn 65. If you’re already receiving OAS, you should receive this payment automatically. However, if you’re not yet registered, or if you believe you are eligible but haven’t received any OAS payments, here’s what you need to do:
- Go to the Canada OAS Portal: Visit the Service Canada OAS portal to access the application form.
- Provide Required Documentation: Ensure you have identification, proof of residency, and your Social Insurance Number (SIN) handy.
- Submit Your Application: You can complete the application online or submit a paper form. It typically takes a few weeks to process the claim.
If you live outside Canada but meet the residency requirements, you can still receive OAS payments. Ensure you update your personal information, such as direct deposit details, to avoid any delays.
Canada Child Benefit Payment Coming This Week—Important Details Every Family Should Know
New Policy Allows Canadian Adults to Qualify for Up to $250,000—Find Out If You’re Eligible
Additional Support: Guaranteed Income Supplement (GIS)
The GIS provides extra financial help for low-income seniors who are already receiving OAS. This benefit can add up to $1,086.88 per month to your income, depending on your marital status and other income sources. Unlike OAS, GIS payments are non-taxable, offering much-needed relief to those on limited incomes.
Frequently Asked Questions (FAQs)
Q: When is the October OAS payment due?
A: The October OAS payment will be deposited on October 29, 2024.
Q: How do I know if I’m automatically enrolled in OAS?
A: If you’re eligible, you should receive a notification from Service Canada confirming your enrollment. If not, you’ll need to apply manually via the OAS portal.
Q: Can I receive OAS payments if I live outside Canada?
A: Yes, as long as you’ve lived in Canada for at least 20 years after turning 18.
Q: Are OAS payments taxable?
A: Yes, OAS payments are considered taxable income, and you’ll need to declare them on your tax return. GIS, however, is non-taxable.
Q: What if my income exceeds the clawback threshold?
A: If your income is higher than $90,997, you may have to repay part or all of your OAS payments through the OAS Recovery Tax, often called the “OAS clawback.”
Hey there! I'm Anjali Tamta, hailing from the beautiful city of Dehradun. Writing and sharing knowledge are my passions. Through my contributions, I aim to provide valuable insights and information to our audience. Stay tuned as I continue to bring my expertise to our platform, enriching our content with my love for writing and sharing knowledge. I invite you to delve deeper into my articles. Follow me on Instagram for more insights and updates. Looking forward to sharing more with you!
Oregon Considers a Universal Basic Income Program
October 21, 2024 · · Topic: Basic Income · Relevance: badGet a daily rundown of the top stories on Urban Milwaukee Cash. ( CC0 ) Every day at The Overhead Wire we sort through over 1,500 news items about cities and share the best ones with our email list. Each week, we take some of the most popular stories and share them with Urban Milwaukee readers. They are national (or international) links, sometimes entertaining and sometimes absurd, but hopefully useful.
Use the subway for transit : Every few decades there’s a new movement to make something out of Cincinnati’s abandoned subway tunnels that were only partially finished due to […]
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Get a daily rundown of the top stories on Urban Milwaukee
Every day at The Overhead Wire we sort through over 1,500 news items about cities and share the best ones with our email list. Each week, we take some of the most popular stories and share them with Urban Milwaukee readers. They are national (or international) links, sometimes entertaining and sometimes absurd, but hopefully useful.
Use the subway for transit: Every few decades there’s a new movement to make something out of Cincinnati’s abandoned subway tunnels that were only partially finished due to the inflationary pressures of WWI and killed entirely by the Great Depression. Joshua Lawrence Junker suggests that as the water main that exists there comes to the end of its useful life, perhaps it’s time to revive the idea of a subway for transit again. (Joshua Lawrence Junker | Cincinnati Enquirer)
Day Zero never came but reforms needed: The headlines had stated Mexico City was perilously close to running out of water but a good fortune of timely rainfall and better water management have relieved the pressure for now. The near miss and attention it garnered also started larger discussions about what the city should be doing better to manage its water systems which were more salient due to a national election for president. (Maya Averbuch | Bloomberg CityLab)
Creating Dreamtroit: Two artists have taken an old car factory in Detroit and transformed it into a haven for artists including studio space and affordable housing. Half the units in the space called Dreamtroit are reserved for artists making less than $40k per year and some of the spaces rent for just $365 a month. And as the area around the factory gets redeveloped by major institutional investors, Dreamtroit stands out as “a point of resistance.” (Patricia Leigh Brown | New York Times)
Oregon voters to consider a state basic income rebate: In Oregon, voters will be asked whether the state’s minimum tax on large companies should be increased to give every resident of the state a $750 tax rebate and for some residents with low incomes it could be a direct cash payment. But not everyone is a fan of the idea of universal basic income programs. A lot of elected officials including the governor have come out against it and other states have even written laws banning the practice. (Erika Bolstad | Pew Stateline)
Traffic models and highway spending: Ben Ross and Joe Cortright argue that billions of dollars have been wasted on highway expansions sold to the public through black box traffic models trained to get results that point towards expansion. They use two examples of projects they have been following closely, the I-5 Columbia River Crossing plan in Portland and Maryland’s toll lane expansion to show how the process has been perverted, and pushed actual solutions to congestion to the side. (Ben Ross and Joe Cortright in Dissent Magazine)
Get a daily rundown of the Milwaukee stories
Quote of the Week
Those who don’t see themselves in those images or who live in built-up areas may feel as if cycling is not for them because they are not also white, slim, or able-bodied and do not have widespread access to green spaces and calmer roads on which to cycle.
-A report by the UK charity Possible shared in Forbes on how there’s a lack of diversity in cycling imagery.
This week on the Talking Headways podcast we’re joined by Cassidy Boulan and Thom Stead of the Delaware Valley Regional Planning Commission (DVRPC).
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Post Office’s superhit scheme! Invest once and get Rs 66,600 sitting at home, check the calculation
October 21, 2024 · · Topic: Basic Income · Relevance: badPost Office’s superhit scheme! Invest once and get Rs 66,600 sitting at home, check the calculation Post Office Monthly Income Scheme (POMIS): Single and joint accounts can be opened in MIS. Its maturity is within 5 years from the date of opening the account. From January 1, 2024, this scheme is getting 7.4 percent annual interest.
Post Office Monthly Income Scheme (POMIS) calculator: Do a job, earn money, then invest and earn from interest. But, in most schemes, there is a long wait for your money due to the maturity period. How would it be if there is […]
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Post Office Monthly Income Scheme (POMIS): Single and joint accounts can be opened in MIS. Its maturity is within 5 years from the date of opening the account. From January 1, 2024, this scheme is getting 7.4 percent annual interest.
Post Office Monthly Income Scheme (POMIS) calculator: Do a job, earn money, then invest and earn from interest. But, in most schemes, there is a long wait for your money due to the maturity period. How would it be if there is a scheme in which you invest money once and forget about it but the income keeps coming home every month? Post Office solves this problem of yours. Guaranteed income on investment without risk. Post Office Monthly Income Scheme is the best option. You have to deposit money once in MIS, then there will be guaranteed income every month for the next 5 years. There is an option of single and joint account in MIS. From January 1, 2024, 7.4% annual interest is being given on MIS.
Post Office MIS: What is it and how is it beneficial
In this scheme of post office, you can deposit up to Rs 9 lakh in a single account (POMIS account) and Rs 15 lakh in a joint account. If you want, your total principal amount will be returned after a maturity period of 5 years. At the same time, it can be extended for another 5 years. After every 5 years, there will be an option to take the principal amount or extend the scheme. The interest received on the account is paid every month in your savings account.
POMIS: Guaranteed income will be Rs 66,600
Suppose you open a single account in Post Office MIS and deposit a maximum of Rs 9 lakh. The interest rate on this is 7.4 percent per annum. In this way, there will be an income of Rs 5,550 every month. In this way, the income in 12 months will be Rs 66,600. In this way, there will be a total guaranteed income of Rs 3.33 lakh from interest in 5 years.
What is the rule regarding joint account?
According to the rules, two or three people can open a joint account in MIS. The income received in exchange for this account is given equally to each member. A joint account can be converted into a single account at any time. A single account can also be converted into a joint account. To make any change in the account, all the account members have to give a joint application. There may be premature closure in this. But then there is a tax deduction.
Account can be opened with just ₹ 1000
An account can be opened in the POMIS scheme with a minimum investment of Rs 1000 and investment can be made in multiples of Rs 1000. According to India Post, interest is paid in MIS every month. Any Indian citizen can invest in Post Office Monthly Income Scheme (POMIS).
Which documents will be required?
To open an MIS account, you must have an Aadhaar Card or Passport or Voter Card or Driving License as ID proof. You will have to provide 2 passport size photographs. Utility bills will be valid for address proof. Apart from this, you will have to fill the Post Office Monthly Income Scheme form. You can also download it online. Nominee details are necessary.
Canada Extra $1518 Payment for Low Income Seniors in October – How to Claim this? Eligibility & Date
October 21, 2024 · · Topic: Basic Income · Relevance: not sureCanada Extra $1518 Payment for Low Income Seniors in October In October 2024, the Canadian government is introducing an extra $1,518 payment aimed at helping low-income seniors manage the rising cost of living. This initiative is part of a broader effort to provide relief to seniors who depend on fixed incomes like Old Age Security (OAS) and the Guaranteed Income Supplement (GIS). With inflation increasing the cost of essentials such as housing, groceries, and utilities, this one-time payment is designed to provide financial relief.
For eligible seniors, this payment will be automatically added to their existing OAS or GIS benefits. […]
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In October 2024, the Canadian government is introducing an extra $1,518 payment aimed at helping low-income seniors manage the rising cost of living. This initiative is part of a broader effort to provide relief to seniors who depend on fixed incomes like Old Age Security (OAS) and the Guaranteed Income Supplement (GIS). With inflation increasing the cost of essentials such as housing, groceries, and utilities, this one-time payment is designed to provide financial relief.
For eligible seniors, this payment will be automatically added to their existing OAS or GIS benefits. In this article, we will break down who qualifies, how to claim this payment, and important dates you need to be aware of.
Canada Extra $1518 Payment for Low-Income Seniors in October
Key Points | Details |
---|---|
Eligibility | Seniors aged 65+, receiving OAS, with an income between $23,495 – $33,015 |
Amount | $1,518 (one-time payment) |
Distribution Date | Expected in October 2024 |
How to Claim | Automatically added to OAS payments—no additional application required |
Purpose | To help low-income seniors manage the rising costs of living, including inflation impacts on daily expenses |
More Information | Visit Canada.ca or the My Service Canada Account portal for updates. |
The extra $1,518 payment for low-income seniors is a vital relief effort from the Canadian government to support seniors during these challenging economic times. By automatically including this payment in OAS distributions, the government aims to reduce the financial burden caused by inflation and rising living costs. Seniors who meet the income and residency requirements should ensure their personal and tax information is up to date to receive this additional support.
Understanding the Canada Extra $1518 Payment for Low Income Seniors
This extra payment of $1,518 is part of the Canadian government’s support for seniors struggling with rising costs, especially due to inflation. Unlike other benefits, such as the Canada Pension Plan (CPP), which is contribution-based, this payment is primarily tied to Old Age Security (OAS) and Guaranteed Income Supplement (GIS) recipients. These two programs are pivotal for providing financial security to seniors, particularly those in low-income brackets.
Why is this Payment Important?
The increasing cost of living, driven by inflation, has made it difficult for seniors on fixed incomes to cover essential expenses like housing, groceries, transportation, and healthcare. The $1,518 payment is intended to provide short-term relief, helping seniors maintain their quality of life without having to rely on debt or external assistance.
Who is Eligible for Extra $1518 Payment for Low Income Seniors?
To qualify for the extra $1,518 payment, seniors must meet specific criteria:
- Age: You must be 65 years or older.
- Income: Your annual net income should be between $23,495 and $33,015.
- OAS Recipient: You must already be receiving Old Age Security (OAS). Low-income seniors who also receive the Guaranteed Income Supplement (GIS) are particularly targeted.
- Residency: You must be a permanent resident of Canada and registered with the Canada Revenue Agency (CRA).
This payment is specifically aimed at low-income seniors who are most affected by rising living costs, and it will be automatically added to OAS payments for those who qualify.
How to apply for Canada Extra $1518 Payment for Low Income Seniors in October?
The $1,518 payment is expected to be rolled out in October 2024. Seniors who qualify will see this amount included in their regular OAS payments. There is no need to apply separately for the payment, as it will be processed automatically by the Canada Revenue Agency (CRA).
If you’re already receiving OAS and GIS, the payment will be deposited into your account alongside your regular benefits. Be sure to check your My Service Canada Account (MSCA) for updates or to verify the payment status.
Important Payment Dates
- October 27, 2024: First distribution date of the extra payment.
- Subsequent payments will follow the regular OAS and GIS payment schedule for those who qualify for multiple distributions over the year.
Maximizing Your Benefits
To ensure you’re receiving the maximum benefits available to you as a senior, it’s important to stay informed and proactive:
- File Your Taxes: The CRA uses your annual tax return to determine eligibility for benefits like OAS and GIS. Even if you have little or no income, it’s crucial to file your taxes every year to ensure you’re not missing out on payments.
- Apply for the GIS: If you qualify for OAS but haven’t applied for GIS, do so immediately. The GIS is a critical supplement for low-income seniors and is key to accessing additional financial support, such as this $1,518 payment.
- Check for Other Benefits: In addition to federal benefits, provinces and territories often provide supplementary programs, including housing subsidies, utility rebates, and healthcare credits. These programs can help further reduce your expenses and improve your financial security.
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Frequently Asked Questions (FAQs)
1. Who qualifies for the $1,518 extra payment?
Low-income seniors aged 65 or older, receiving Old Age Security (OAS), and with an annual income between $23,495 and $33,015.
2. Do I need to apply for this payment?
No, the payment will be automatically added to your regular OAS payments if you meet the eligibility criteria.
3. When will I receive the payment?
The payment is expected to be distributed starting in October 2024, with exact dates announced by the Canadian government.
4. Will this payment affect my other benefits?
No, this is a one-time payment and will not impact other benefits like CPP or GIS.
5. Can I receive both CPP and OAS?
Yes, you can receive both CPP (which is based on contributions during your working years) and OAS. However, having a high CPP payment may reduce your eligibility for GIS.
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Basic income ‘won’t stop people working’: lessons from Canada
October 21, 2024 · · Topic: Basic Income · Relevance: not sureTwo people react to the police ‘cleanup’ operation of a tent encampment in Edmonton, Canada in December 2023. Charity Homeward Trust reports 3,041 unhoused individuals in the city Ben Earle is general manager of the Basic Income Canada Network and provides coordinating support to UBI Works. Sheila Regehr is chair of the Basic Income Canada Network and a former federal public servant. We caught up with Sheila and Ben at the 23rd Basic Income Earth Network Congress , recently held at the University of Bath, to discuss the importance of child credit programmes for basic income campaigning, the art […]
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Ben Earle is general manager of the Basic Income Canada Network and provides coordinating support to UBI Works. Sheila Regehr is chair of the Basic Income Canada Network and a former federal public servant. We caught up with Sheila and Ben at the 23rd Basic Income Earth Network Congress, recently held at the University of Bath, to discuss the importance of child credit programmes for basic income campaigning, the art of the compromise in Canadian politics, and the need to not let the great be the enemy of the good.
This interview was edited for length and clarity.
Beyond Trafficking and Slavery: Please start by describing the tone of the Canadian conversation around basic income these days. Is there openness to the idea?
Sheila Regehr: There is openness. It's not universal, but it's gaining ground among advocates and people working in sectors like food security, health and mental health.
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We recently gained some sponsors from organised labour. That was a new and exciting development, because there are mixed views about basic income within the labour movement. I think there’s a growing sense that we need solutions to some really serious problems, and it’s bringing people towards the idea. It’s a struggle though.
Ben Earle: We have some political support too, but it's not broad political support. There are bills being put forward in parliament at the moment, mostly by junior and backbench politicians. They may not pass, but they’re helping us gain traction in the political realm.
There isn’t support yet at the level of party leadership, at least not publicly. Basic income is in the background of the political sphere right now in Canada. But it’s gaining ground in various sectors and across civil society.
Sheila: That said, I worked inside government. It's not a monolith. Different departments don’t always speak to each other, and sometimes there are advantages to that.
For example, an environmental ministry recently gave us funding for a major project linking basic income and the environment. A government gender equality office is helping fund a basic income project for women fleeing domestic violence. And we got government research funding for a conference we recently held in Canada.
So there’s some support. But from a political decision-making perspective, we’ve got a long way to go.
BTS: It sounds like you’ve got your work cut out for you when campaigning on a national level. Is it easier to find support on a provincial level?
Ben: We’re seeing both support and programming for basic income on the provincial level. Some provinces have also started to use the language of basic income for their social assistance policies.
Some of our most successful work over the last ten years has been done on a provincial level. The Ontario Basic Income pilot is one of them. However, in true political fashion, as soon as an opposing government was elected, they cancelled it.
It's very volatile. If you don't build the policies into legislation, or if a government doesn’t start working on it right at the beginning of a term, it all just ends when the next government comes in.
We’re having these conversations at all different levels of government, but we don’t focus on working with local governments. Municipalities in Canada don’t have much power to implement these policies – not like in the US, for example. We’re focusing on advocacy at the federal level, since we want to see a national policy. And we still have a struggle there.
That said, a growing number of municipalities are becoming allies in pushing for a national policy. More and more are recognising the value of a basic income to them and making that known to more senior levels of government.
Sheila: National policymaking in Canada means federal, provincial and territorial. It can't just be federal, which is why there's an added layer of complication in Canada.
One key thing we have going for us is that we have done this before. Our child benefits structure is basically a guaranteed income for families with children under 18. And there are a couple of really important things about that.
The child benefits policy was developed in the late 1990s as a federal, provincial, territorial framework. So, there's a model for how to do this. That model also gives the provinces some flexibility, which is important because they generally don't like the federal government telling them what to do.
The child benefits structure is a hugely successful programme that's grown enormously since it was first established. This means we've got really good results from an actual programme. It's not a pilot. It's a programme. It's been running for roughly two generations of kids now.
Ben: And we have the infrastructure to support it, including the tax infrastructure to easily support the distribution.
Sheila: Exactly. So it’s possible. It's just a really difficult thing to actually make happen.
BTS: So there are around 25 years of lessons learned from existing programmes. Does this help you to market basic income as a viable program?
Sheila: Absolutely. One of the early successes of the Basic Income Canada Network was helping people to understand this concept. We’ve done a lot of work to show people that this idea is not foreign or radical. We already do this.
We've actually done it for seniors even longer and better than for families with children. Those policies have so many features of a basic income. People need to understand that these things already exist and we can build on them.
Ben: The challenge coming out of it, though, is that those are fairly easy calls. People are happy to support families with children because they see them as a deserving group. They're happy to support seniors because they've worked their whole lives, and they're happy to support people with disabilities because they’re unable to work.
The paradigm of deservingness is a massive stumbling block in the discussion in Canada. If you're meant to be tied to the labour market, then you supposedly don't need this help. How do we convince people that we need a programme available to everybody, regardless of age, gender, ability and status? This is one of the biggest challenges we’re facing.
Sheila: It feeds into the neoliberal paradigm that fetishises employment over everything else. People are forced to build their whole lives around paid labour. And if they’re fortunate, they might get some support on either side of their working lives. It’s a kind of religious orthodoxy that we’re challenging.
People have been searching for decades to try to prove that these kinds of benefits disincentivise employment. And it's just not there
BTS: Deservingness comes up a lot in basic income discussions. Have you found ways to respond?
Ben: UBI Works, who I also work with, is a good example of this. The organisation was started by a colleague of ours, Floyd Marinescu, who's a successful business owner in the tech sector. His argument is that, in this stage of capitalism, we can't expect everybody to get wealthy from work anymore.
We've engaged with this argument by showing the great divide that happened in the mid 1970s. This is when you start to see the split between wealth and incomes in countries like Canada and the United States. The wealth of the countries increases, but incomes stay stagnant.
There remains this religious orthodoxy to it, but the systems we’ve built aren’t working for the majority of Canadians. The social assistance system in Canada, for example, was built 50 years ago when full and secure employment was assumed. But we don't have that environment anymore.
It’s getting harder and harder to deny the challenges. And that's why we now have businesspeople like Floyd and other colleagues, who are saying, you know what? We're business owners. We've made money. But we realise that the model that helped us do this is not sustainable. It's not available to everybody.
Sheila: Part of our job is to help people understand how current child benefits work too. The money doesn't go to the kids. The money goes to working age adults. Yes, the group that we're all afraid is somehow going to misspend or drop out of the labour force.
One of the clear, publicly articulated policy goals of the child benefit was to help parents maintain paid labour force participation. And yet some people still respond to us by saying they’re worried basic income will be a disincentive for work.
People have been searching for decades to try to prove that these kinds of benefits disincentivise employment. It's just not there. In Canada, more and more people are seeing this on the ground now. There are tent encampments across the country, and the demand on food banks and the non-profit and charitable sector is just huge.
There are plenty of incentives to work – yet work isn’t working out for people. I think we just have to keep doing a better job, over and over again, of helping people to understand the evidence before their very eyes.
BTS: Are you finding any traction when it comes to arguments based on poverty levels?
Sheila: For a lot of people, arguing from a perspective on poverty hasn’t really resonated. The response would be, ‘I'm not one of those people’. And it goes back to all these questions of deservingness.
But I think things are beginning to change with this argument. People are realising more and more how commonplace income insecurity is in this economic climate. We are all, to a certain extent, quite seriously economically insecure. I think this realisation is bringing people to the movement from outside the sector.
When I worked in federal government, I was also involved in issues around the recognition and valuation of unpaid work. Our economic system pretends to assume that only employment is work, but work is much bigger than that. If you don't allow the rest of it to happen, society falls apart. Democracies fall apart. Economies fall apart. This argument is also driving a need for solutions.
BTS: How did Covid-19 affect these conversations? Did you see a significant shift in peoples’ understanding when the lockdowns hit?
Ben: I think we’ve seen a broader understanding of these issues because of Covid, or at least a broader recognition of them. People have told us they realised their lives are more precarious than they thought. And we’ve seen people making different choices to the ones they might have made otherwise.
In Canada – and probably in the US as well – people are choosing to change the way they work. As a result, they're turning to ideas like basic income as a way to support them through those changes. At UBI works and Basic Income Network Canada, we talk a lot about providing choice in the economy. Basic income isn’t a substitute for employment income. It’s a tool for choice and empowerment.
Sheila: And a tool to help someone manage transitions. Because transitions happen.
Ben: Covid also showed us how things could work on a practical level. Within just a month of the pandemic starting, Canada created benefits for people who were out of work because of the pandemic. Of course there were some hiccups, especially in hindsight. But it was frankly a fairly seamless operation, considering how quickly it was done.
Sheila: Yes, one of the really irritating technical criticisms we get in Canada is that the tax system is so slow. And yet, it took the government nine days to roll out the pandemic benefits. They proved that we've got the administrative capacity, it’s just been hidden.
But then, like almost everywhere else in the world, as soon as the worst of the pandemic was over, things went back to how they had been. The lessons that could have been learned from the new benefit administration and structure were just left by the wayside.
I also think our government did a particularly terrible job of talking about its own policies. Of course there was some blowback, because things weren't perfect. When you roll something out that fast in the middle of a huge unexpected health and economic crisis, you're bound to make mistakes. There are bound to be criticisms.
The government got defensive in the face of those criticisms, and that was a mistake. Instead of getting defensive, they could’ve highlighted the fact that they turned around the lives of roughly 20 million people. Or that they saved the economy. Yes, it wasn't perfect, but they did something amazing. They completely missed the opportunity to emphasise that.
Trying to implement this in any country is too complicated to have an ‘all or nothing’ approach
BTS: What have you learned about the art of compromise in this context?
Ben: Canada is a country made up of compromise. Ever since the country was founded by the French and the British, we've compromised. We have regions that are very diverse, Quebec being the starkest example of that. They often want nothing to do with federal programmes, and have their own strong identity.
So federal policymaking involves deep discussions with all the provinces and territories about how it's going to be administered. Our constitution technically doesn't allow the federal government to create a policy like basic income without having the provinces on board.
Sheila: We're also a country founded on the colonialist exploitation of indigenous peoples. We've got a lot of work to do to heal that. And we're a huge immigrant receiving country. So we've got people from all over the world coming from different political and cultural systems. If our politicians are going to win elections, they have to understand all those different constituencies. It simply does involve a lot of compromise.
Ben: When it comes to basic income, we’ve developed a consensus statement using the concept of collective impact. We’re essentially asking, what is our common agenda? What are the key points that we're going to argue for together?
That doesn’t mean all our organisations are fully aligned. They differ on many points, but all found that they could support this common agenda. For example, the ‘Universal’ in UBI Works is quite contentious – we think of basic income a bit differently than others. But the organisation still chose to endorse the consensus statement, even though its ambitions around scope are more limited than ours, because it’s all about incrementalism. We’re working towards these early stages, and then we go from there.
Agreeing on the consensus statement took a long time. It was over a year of conversations with national leaders in the basic income movement. But we all came together. We've all recognised this is what we agree on. There might be groups with other ideas or nuance to add. But this is our compromise.
Some groups chose not to sign the consensus statement, even though they were supportive of the general process. They may change their mind eventually, but for now, they're still part of the movement and supportive. It's been decades of work to get to this point. And of course, we still have arguments, and we still disagree at times. But we don’t let that break the movement apart. This is what compromise looks like.
BTS: It sounds like there are lots of differing views about the best way to do basic income. How have you managed to agree on a collective vision for the movement?
Sheila: Before the development of the consensus statement, we published a policy options document that includes different ways of doing a basic income. We were trying to figure out exactly how to do it. Then Covid hit. All of a sudden we went, okay, we needed this yesterday. We chose Option 1, a basic income model that focuses on 18 to 64 year olds to fill the gaps. It’s the most feasible in Canada.
Covid had a huge impact on this process, because it showed us that we could do it any of these ways and arrive at similar results. That includes this universal model where every individual gets a certain amount, but that’s a hard sell in Canada at this point in time.
Ben: I think that's good. The ‘all or nothing’ argument is actually hindering us sometimes. Trying to implement this in any country is too complicated to have an ‘all or nothing’. You need to start with something, and then have the right conversations about what's going to work in your context.
We truly believe this is the type of basic income that will work for us. But that doesn't mean it's not a stepping stone to what's next. It doesn’t mean it can’t lead us towards another way of doing social policy in general. But you've got to start somewhere. Because if we argue for the ‘all or nothing’, we'll get nowhere – in our context at least.
Sheila: Yes, Getting started is the key thing. Again, the child benefit example is a good one, because the benefit actually started quite small. It tended to help two parent families more in the beginning because the benefit was low. But it still made it easier for many parents to get by, and kept people from needing to access other social assistance programmes.
Gradually, as it got larger, it brought in single parents. It helped them make their way through a combination of child benefits and paid labour. And a huge percentage of the Canadian population with families now receive varying levels of that benefit. It’s shown where you can get to if you just start with something.
To take it to the political level, you need recognised institutions and organisations that are backing it. Informal movements can’t have the conversations with the prime minister's office
BTS: Can you tell us about other lessons you’ve learned along the way?
Ben: Basic income has the potential to be the most transformative social policy of a generation – if it's done right. But you can't do that if you're not going to talk to and think about different interest groups, and if you're not going to fully address their concerns.
What are the concerns of employers in the labour market? What are the concerns of civil society? What are the concerns of government, and how are they going to pay for it? You have to address all of that head on.
Another thing we’ve learned is the value of private pilots. There are a lot of programmes running in the US right now, and they’re a good way to build evidence. But they're not going to turn into a permanent benefit.
A basic income will never be funded through private sector investment. This has to be public. It has to be collective. There are ways to provide people with money, but you can't do something transformative if it's not led collectively. We need a national policy. And it needs to be run at the federal level.
Sheila: Country context really matters too. You have to analyse your own situation and figure out what's going to work. One of the incredible advantages the US has is the sheer amount of pilots there. Some might say they're all different and you can't compare them. But that's the great thing. We want that diversity and flexibility.
Some pilots are focused on people leaving the criminal legal system. Others are focused on people fleeing domestic violence. Still others are focused on black and minority populations. More and more, the evidence pops up showing the same pattern.
But the way you get it into policy has to be based on your own country's context. We try to focus on the leverage points in Canadian policy and history that allow us to do that. You have to adapt to fit it into something pragmatic within your own country.
Ben: The only other thing I'll add is that this movement needs core organisations. We're lucky we've got a small group of organisations that work very well together leading the work in Canada. We’ve learned that movement building can only go so far without structure.
You do need the informal movement. That's absolutely a key component. You need the grassroots component. But to take it to the political level, you need recognised institutions and organisations that are backing it, because informal movements can’t have the conversations with the prime minister's office. Organisations and policy leaders can.
Sheila: We formed an organisation, and we became a federally-registered non-profit corporation. I think that's been critical for the movement. And it's allowed other smaller regional and local organisations to form around that nexus.
Ben: It's been a long struggle. But I think that's a key lesson – how you organise matters.
Explore the rest of the series
This series looks at the specific challenges that campaigners face when arguing for universal basic income in highly individualised and neoliberal contexts like the United States and the United Kingdom, and how they work to overcome them.
Part 1 | Getting on with it
- UBI in the US ‘not just an idea’ – it’s achievable
Shafeka Hasash, Economic Security Project - 'Hope goes a long way': BI as a lifeline for ex-prisoners
Kevin Scott, Community Spring - Could a guaranteed income pave the way for racial justice?
Rachel Pyon, Deon Hodrick and Matthew Harvey, Equity and Transformation
– Coming soon –
- Antonio Gisbert, Oregon Rebate
- Zea Malawa, University of California, Berkeley Public Health
Part 2 | Widening the politically possible
- UBI could mean justice for everyone. How do we get there?
Philippe Van Parijs, UCLouvain - Basic income ‘won’t stop people working’: lessons from CanadaBen Earle and Sheila Regehr, Basic Income Canada Network
- Basic income could put food banks out of businessDavid Beck, University of Salford and UBILab Food
- Basic income: why we need to start talking about moneyCleo Goodman, Autonomy and the Basic Income Conversation
– Coming soon –
- Leandro Ferreira, Brazilian Basic Income Network
Part 3 | Getting the policy mix right
- Contributor list coming soon
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October 21, 2024 · · Topic: Basic Income · Relevance: not sure10 Years Out: What’s with the Bear in the Middle?
[ NB: Check the byline — it’s me, Rayne. I am not a registered financial representative or a lawyer; this post is based on my own observations and opinions. As always, your mileage may vary. ]
On a chilly March evening ten years ago tonight, I was yelling at loved ones: Sell. For gods’ sake, SELL. My own household had moved its investments from a number of mutual funds to guaranteed income. Every fund in the portfolio to that point contained a chunk of an investment bank and was therefore […]
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10 Years Out: What’s with the Bear in the Middle?
[NB: Check the byline — it’s me, Rayne. I am not a registered financial representative or a lawyer; this post is based on my own observations and opinions. As always, your mileage may vary.]
On a chilly March evening ten years ago tonight, I was yelling at loved ones: Sell. For gods’ sake, SELL.
My own household had moved its investments from a number of mutual funds to guaranteed income. Every fund in the portfolio to that point contained a chunk of an investment bank and was therefore exposed to what I felt was sure to come.
It was obvious to anyone who was really paying attention that something was really off. Trying to buy a house in 2004 was almost impossible where I live, in spite of the ongoing migration of manufacturing jobs offshore. In the target price range for a 2000-square foot house, there were only a handful of homes listed and they all needed more than $50K in improvements. The nearby farmers’ fields were full of a new crop: single-family homes, mostly 3-bedroom and up, had eaten acres and acres in less than a year. It was insanity — there was no way this pace could be maintained, not with my state’s problematic over-reliance on the automobile industry.
Instead of buying an existing home, I built a new one. It didn’t make sense to spend $50K on improvements requiring a lot of construction if I couldn’t guarantee I could hire a contractor when new construction was so hot. I didn’t build in the top end neighborhood, either. I left myself some room in case I had to leave the area quickly for a new job; I also left room for the market to improve.
Except it didn’t. The last landscaping contractor must have pulled away from my new home in 2005 just as the bubble began to deflate. There were signs it was going to get worse, too, what with fuel prices skyrocketing. Banks increasingly offered crazy terms on mortgages just so they could something, anything, not taking the hint the market was saturated. Given the number of people relying too heavily on adjustable rate mortgages with ridiculously low entry rates, the increased gasoline price costing the average family more than $1000 a year was certain to cause credit card defaults and foreclosures.
Something ugly was coming.
~ ~ ~
In March 2008 — almost exactly a month after the Washington Post published an op-ed by New York’s then-Governor Eliot Spitzer exhorting action on subprime mortgages — 85-year-old American investment bank Bear Stearns crashed and burned.
After urgent, fancy foot work by the Federal Reserve Bank, J.P. Morgan and other key investors, settlements were made with bail out money and remnants of the firm were ultimately snapped up by J.P. Morgan for what amounted to the cost of Bear Stearn’s headquarters building, about $2 per share. By St. Patrick’s Day, Bear Stearns was no more, completely subsumed.
It would be another six months before the next large investment bank crashed — Lehman Brothers — taking the global economy with it.
~ ~ ~
At the time the crash was blamed on lax controls on lending to home buyers, encouraging an excess of subprime mortgages, combined with investment banks’ more recent taste for collateralized debt obligations bundling mortgages into tranches for slicing up and trading.
But not all of the trash loans were residential mortgages stuffed into tranches. Some of the loans were to developers and contractors who were building commercial facilities and multi-family buildings. Some of these loans were packaged into funds which were more like offshore corporations.
The two funds triggering Bear Stearns’ meltdown were just that: offshore funds incorporated in the Cayman Islands in 2003, holding various assets including tranches of poorly-collateralized mortgages, managed by Bear Stearns Asset Management (BSAM). What mortgages were in these two funds the public doesn’t really know; were they single-family residential mortgages or commercial facilities mortgages, or some combination? The information is out there somewhere but it’s not at the public’s fingertips.
The financial media still paints a messy picture even a decade later, blaming Bear Stearns management but not its own persistent failure to provide a more comprehensive and accessible picture of the financial industry’s health.
These two funds collapsed because too many mortgages within their CDOs failed; the effect on the bank was like pulling out two critical load-bearing pieces in a game of Jenga. The cascading demand for cash to resolve the failures may have pushed other investment banks’ equally sketchy funds to fail as well, crashing the entire heap nearly a decade ago.
~ ~ ~
It was a surprise blast from the unpleasant past to see Bear Stearns’ name pop up in the middle of recent testimony before the House Permanent Subcommittee on Intelligence. Fusion GPS’ Glenn Simpson cited the investment bank as a source of financing for Donald Trump and some sketchy condominium development.
[SIMPSON]… There’s the Trump vodka business that was earlier. And then ultimately, you know, what we came to realize was that the money was actually coming out of Russia and going into his properties in Florida and New York and Panama and Toronto and these other places.
And what we, you know, gradually begun to understand, which, you know, I suppose I should kick myself for not figuring out earlier, but I don’t know that much about the real estate business, which is I alluded to this earlier, so, you know, by 2003, 2004, Donald Trump was not able to get bank credit for — and if you’re a real estate developer and you can’t get bank loans, you know, you’ve got a problem.
And all these guys, they used leverage like, you know, — so there’s alternative systems of financing, and sometimes it’s — well, there’s a variety of alternative systems of financing. But in any case, you need alternative financing.
One of the things that we now know about how the condo projects were financed is that you have to — you can get credit if you can show that you’ve sold a certain number of units.
So it turns out that, you know, one of the most important things to look at is — this is especially true of the early overseas developments, like Toronto and Panama — you can get credit if you can show that you sold a certain percentage of your units.
And so the real trick is to get people who say they’ve bought those units, and that’s where the Russians are to be found, is in some of those pre-sales, is what they’re called. And that’s how, for instance, in Panama they got the credit of — they got a — Bear Stearns to issue a bond by telling Bear Stearns that they’d sold a bunch of units to a bunch of Russian gangsters.
And, of course, they didn’t put that in the underwriting information, they just said, we’ve sold a bunch of units and here’s who bought them, and that’s how they got the credit. So that’s sort of an example of the alternative financing. … [bold mine, excerpt pages 95-96]
The timing mentioned, 2003-2004, is very close to the time that Bear Stearns launched the two Cayman-based funds which failed first. Is it possible Trump’s financing provided by Bear Stearns ended up in the funds’ CDOs? Probably not — Simpson refers to bonds. But let’s look at a financial statement from one of the subject funds:
It’s difficult to tell what’s in any of the CDOs listed in this summary. Who knows what mortgages are in them or from where they originated without access to more details?
Note the bonds at the bottom — again, what’s in them? What percentage of these bonds consisted of dicey or outright fraudulent financing for construction related to money laundering? Again, we can’t tell without access to more granular details. We don’t know whether bond(s) offered to Trump developments were in Bear Stearns’ first two failed funds or if they helped cause the eventual financial pyroclastic flow toward Bear Stearns’ end.
~ ~ ~
Another thing sticks in my craw — a bit from Michael Lewis’ The Big Short:
The bond market, because it consisted mainly of big institutional investors, experienced no similarly populist political pressure. Even as it came to dwarf the stock market, the bond market eluded serious regulation. Bond salesmen could say and do anything without fear that they’d be reported to some authority. Bond traders could explore inside information without worrying that they would be caught. Bond technicians could dream up ever more complicated securities without worrying too much about government regulation — one reason why so many derivatives had been derived, one way or another, from bonds. … [bold mine]
In other words, nobody would look askance at all at bonds sold to finance a condominium development with rather thin commitment to payment. Nobody looked askance at the ratio of CDOs to bonds, either, though Bear Stearns would try to offset the CDOs’ losses by liquidating bonds. This fund as an example couldn’t manage this offset based on the ratio alone; it would have been catastrophically worse if the collateral beneath the bonds was as fraudulent as many subprime adjustable rate mortgages in CDOs were at the time.
The root cause of the 2008 crash remains the collapse of poorly collateralized as well as fraudulent mortgages. But I have to wonder:
— With so much attention on CDOs and mortgage defaults combined with a lack of bond market adequate monitoring, how much did crappy bonds, based on fraudulent representations of collateral, contribute to the crash?
— If there was so little regulation and oversight of the bond market, how much sketchy or fraudulent project financing was in bonds on the banks’ books — including projects like Trump’s, based on promises to pay made by offshore vehicles or non-U.S. citizens?
— With so little regulation and oversight, would it have been possible for one or more nation-states using offshore finance vehicles to “weaponize” banks’ books? How many of the crappy bonds contributing to the 2008 crash were based on poorly collateralized pre-sales to Russian oligarchs and gangsters?
— What assurances do we have today — especially with Mick Mulvaney defunding the Consumer Finance Protection Bureau and knocking off an opportunity to look more deeply into credit reporting by killing off the Equifax investigation — that investment banks have changed their practices and ensured legitimate projects are financed?
—What assurances do we have that our legislators see the slippery slip when they approve legislation like S. 2155 just this week, weakening Dodd-Frank reforms?
~ ~ ~
Recall the state of the economy between Bear Stearns’ and Lehman Brothers’ crashes. Oil prices rose to over $150/barrel, resulting in $4/gallon gasoline. Other commodity prices rose in tandem with fuel prices. The home buyers who could least afford any change in their household expenses were the same ones targeted for subprime mortgages with shady terms; it came down to paying for gas to get to work and feeding the family, or making the mortgage payment.
The price of oil at the time had been driven up by excess speculation. Legislation passed in June 2008 requiring all commodity futures trading to require a minimum of 30% margin upfront rather than 10%. Oil prices dropped drastically and reduced in volatility almost overnight, but it was already too late. Too many home buyers could no longer afford their payments and mortgage defaults began to snowball.
Which brings me to yet another question: if the bond market could have been “weaponized” at that time, could a volatile commodities market likewise have been used as a trigger?
Are there any other weak points in our market which could be “weaponized,” for that matter?
~ ~ ~
On this tenth anniversary after the crash began with Bear Stearns’ collapse, I feel more secure about my retirement portfolio. There were no frantic phone calls to family members exhorting moves to safety this evening. My exposure to the remaining weaknesses of investment banking have been minimized as much as possible, though I remain vulnerable because I have a mortgage. Real estate isn’t the sure return it once was. Only uber-wealthy investors buying into certain urban markets come out on top. But wealthy real estate investors can still cause self-inflicted damage.
Atlanta, Georgia’s market has turned around since the crash — but it was home to another failed Trump real estate project, a 363-unit Trump Tower which went into foreclosure with pre-sales of only 100 units. (In January 2017, Trump ranted about Atlanta as Rep. John Lewis’ district, calling it “falling apart” and “crime infested.” One wonders what crime he meant…)
Hollywood, Florida had a brush with a failed Trump project:
In 2006, he and billionaire condo king Jorge Perez began selling a 23-story apartment building near Mar-a-Lago, but the project was abandoned a year later because of slow sales. Another Perez-Trump deal, the 200-unit Hollywood oceanfront tower, was foreclosed in 2010 after selling less than 15% of its units. (The building eventually opened, still Trump-branded, but without Perez.)
So did the Miami, Florida area:
Trump Sunny Isles, a three-tower residential complex outside Miami, has also struggled. Trump partnered with Perez again and another developer named Gil Dezer to build the project, which targeted wealthy Latin Americans. . . .
Unfortunately, the last two towers of the development opened in the middle of the financial crisis, and Perez bailed on them. . . .
And Puerto Rico, too, was home to a Trump-branded golf course which failed in 2015.
Though with so many failures followed by continued attempts, it’s worth asking if this is a business model. How does Trump continue to benefit from so much failure? How do the backers he has benefit from staking Trump money or title?
Trump’s business alone wasn’t the cause of the 2008 crash. There were far more players involved — millions, if we want to blame residential homeowners who were misled by banks to believe they could safely contract a mortgage in spite of either inadequate collateral or income and ultimately forced into foreclosure. But at least one of Trump’s business projects was in the mix if Fusion’s Simpson’s testimony is truthful; what would keep Trump or real estate investors like Trump from contributing to (if not causing) another crash today?
We must ask when we see that Trump’s former campaign manager Paul Manafort and his former son-in-law Jeffrey Yohai were engaged in sketchy real estate development projects the community/regional Banc of California may have deterred by forcibly shutting their accounts.
And ask again when we see a community bank like The Federal Savings Bank of Chicago involved in another of Manafort’s bank frauds.
The damage could be even worse, in the case of Trump’s son-in-law Jared Kushner, who is over his head in debt on 666 Fifth Avenue and whose family business is distressed, possibly causing geopolitical turmoil to shakedown new financing.
How many of these flimsy real estate deals and junky mortgages, loans, and bonds are there in the system when we can now see these affiliated with the president and his campaign advisers? How many of them will it take to cause another crash if legislators continue to pick away at safeguards?
Let’s hope I’m not writing another financial postmortem like this one in March 2028.
Copyright © 2024 emptywheel. All rights reserved.
Originally Posted @ https://www.emptywheel.net/page/123/?s=barr
The continuing woes of CVS
October 21, 2024 · · Topic: Basic Income · Relevance: badGood morning. I feel bittersweet about the WNBA season ending, but I’m excited that the NBA regular season kicks off tomorrow night. Today, we’re looking at a guaranteed basic income program in Salem, Halloween costume ideas , and the social media accounts of Boston sports teams.
But first, we’re examining the continuing struggles of CVS and other pharmacy giants.
To continue reading, please login or subscribe to Globe.com THE STARTING POINT CVS’s financial woes are harming its retail pharmacy business — and consumers. MICHAEL DWYER/ASSOCIATED PRESS CVS, with dreams of becoming a comprehensive health care behemoth , is struggling. It’s […]
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Good morning. I feel bittersweet about the WNBA season ending, but I’m excited that the NBA regular season kicks off tomorrow night. Today, we’re looking at a guaranteed basic income program in Salem, Halloween costume ideas, and the social media accounts of Boston sports teams.
But first, we’re examining the continuing struggles of CVS and other pharmacy giants.
To continue reading, please login or subscribe to Globe.com
THE STARTING POINT
CVS, with dreams of becoming a comprehensive health care behemoth, is struggling. It’s cutting 2,900 corporate jobs nationwide. It’s ending some of its core infusion services and closing or selling 29 pharmacies that provide those services. On Friday, the company ousted its CEO.
For the past few years, the Rhode Island-based corporation has been trying to build itself into a one-stop-shop for all things health care: drug stores, in-store primary health clinics, health insurance (Aetna), and a pharmacy benefit manager.
But it’s been difficult to tie those business pieces together. CVS even considered spinning off Aetna and breaking itself into two smaller companies; it ultimately decided not to.
Even though CVS’s troubles are very specific to that company, turmoil is roiling the pharmacy industry: Rite Aid recently emerged from bankruptcy, and Walgreens is closing one-fourth of its 8,600 stores.
What’s happening?
After the pandemic, customers simply didn’t return to brick-and-mortar pharmacies in the same numbers, preferring to order online, which often is cheaper. The problem is that many pharmacies are closing in places where residents have low incomes, making it difficult for them to get the medications they need.
It’s a problem that affects nearly 15,000 Bostonians — and counting. Since 2017, at least 26 pharmacies in the city and about 200 statewide have closed, according to data from the Massachusetts Department of Public Health.
A Globe analysis found that many of these so-called pharmacy deserts overlap with vulnerable communities that are already poorer, sicker, and less well resourced than the rest of the state.
With CVS floundering, health care inequalities could grow worse.
POINTS OF INTEREST
MIDDLE EAST How Israel decimated Hamas and Hezbollah leadership in three months. The sprawling decapitation operation has little precedent in modern history. (Axios)
NEW ENGLAND Stop & Shop is closing 14 stores around the region between Oct. 31 and Nov. 2. The chain will offer a 15 percent discount at those stores starting Friday. (The Patriot Ledger)
SAUGUS, Mass. Too many close encounters between people walking their dogs and coyotes has residents on edge. There are ways to avoid unwanted encounters with the wild animals. (The Boston Globe)
TD GARDEN The Celtics open the 2024-2025 season tomorrow night against the New York Knicks. It’s also Banner Night to celebrate their 18th championship. (NESN)
CAMBRIDGE The American Repertory Theater is selling 20,000 pieces from its historic costume collection — just in time for Halloween (photo above). The sale continues this weekend. (The Boston Globe)
SALEM, Mass. The city launched a guaranteed basic income program for residents who live at or below the poverty line. The pilot program will give 100 residents $500 per month with no strings attached. (The Boston Globe)
ON SOCIAL MEDIA Boston sports teams are relying on social media to reach a younger generation of fans. The new-age sports marketing includes game day fits, skits, and fast-paced highlight reels. (Boston Magazine)
AT WORK Bostonians are more likely to skip their midday meal than the national average, according to an annual lunch report. Their reasons are related to money and time. (The Boston Globe)
IN YOUR CLOSET This global fashion business quiz tests your knowledge of how people around the world shop for their clothing. (Rest of World)
IN YOUR MAILBOX The third biggest print magazine by circulation is published by ... Costco. The top two spots are held by AARP: The Magazine and The AARP Bulletin. (The New York Times)
BOSTON The city is packed with things to do this Halloweekend and beyond. There’s a candy crawl, nightmare bash, drag dinner, and more. (The Boston Globe)
ELECTION INSIGHTS | 15 days until the presidential election
We’re using five Election Insights to explain each of the questions on the Massachusetts ballot this fall. Today, we’re tackling Question 3: Unionization for Transportation Network Drivers. Here are the others we’ve done: Question 1 and Question 2.
This Question 3 analysis is from the Globe’s Voter Guide. It was written by reporter Katie Johnston.
What this question would do
Question 3 would give Uber and Lyft drivers the right to organize a union. The companies consider the drivers to be independent contractors, a classification of workers not typically allowed to unionize under federal law. This ballot initiative would create a new framework for drivers to do so under state law.
Forming a union would require support from a quarter of the most active half of Massachusetts drivers for both companies, or 25 percent of the drivers who have given at least the median number of rides in the past six months.
A yes vote would allow Uber and Lyft drivers to form a union.
A no vote would maintain the current law, which prevents Uber and Lyft drivers from unionizing.
Why vote yes
Drivers are in need of a voice and the ability to bargain for more rights, just as most employees are entitled to, according to SEIU 32BJ. Granting drivers the ability to organize does not preclude the fight for drivers to be recognized as employees.
Why vote no
The Massachusetts Fiscal Alliance says the measure creates a “radical labor category that is inconsistent with federal labor law” and could raise prices for riders. Drivers were also just granted a number of new protections in a settlement between the state and the companies, the alliance noted, which guarantees them a minimum wage of $32.50 an hour before expenses, paid sick leave, a healthcare stipend, and more.
– Katie Johnston
Here’s what the polls say
Around 59 percent of Massachusetts voters want this ballot measure to pass, according to a Suffolk University/Boston Globe poll.
The bottom line
Uber and Lyft drivers have been in a tug-of-war with their employers for a long time, especially in Massachusetts. We have some of the strongest labor laws in the country, so this vote would set the tone for the rest of the country.
NOTE: The Boston Globe Editorial Board, which is independent of the Globe newsroom, endorsed Question 3. The board’s opinions do not reflect those of reporters in the newsroom nor do they influence our coverage. Here’s an explanation of how we operate separately.
Elsewhere
There’s a very real scenario where Donald Trump loses and takes power anyway. Here’s how the former president could overturn the 2024 election. (Politico Magazine)
Vice President Kamala Harris turned 60 yesterday, older than the median age of a US president at inauguration (55). She’s still a political generation younger than President Biden (81) and Trump (78). (Axios)
Door-knocks, texts, and ads, ads, ads: Life on the swing-state battlefield. (The New York Times via the Globe)
POLAROID DIARIES
Where we share our adventures around New England and rate them for Starting Point readers.
Rating: Bagged (�) | Tagged (�️) | Dragged (❌)
This is a quintessential Chinatown bakery, and they’re serving some of the best egg custards and Portuguese egg custards around. The pastries melt in your mouth if you’re lucky enough to catch them fresh out of the oven, and most standard items are under $5 each (but keep in mind that the bakery is cash-only!). Rating: Bagged 9/10 (�)
This early-to-open, early-to-close diner serves creative omelets and adjusts its menu seasonally. Their portions are massive and come with equally large sides (peep the pancake in the top left corner). Hot coffee keeps flowing here, and it’s a great place to fuel up before exploring the nearby Dover Community Trail. Rating: Bagged 8/10 (�)
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Monopoly & Basic income meme
October 20, 2024 · · Topic: Basic Income · Relevance: not surer/BasicIncome – Monopoly & Basic income meme Sort by:
Pyroechidna1
• 19h ago •Wasn’t Monopoly created as a critique of rent-seeking landlordism? icelandichorsey • 19h ago •Yes it was created to showcase the dangers of capitalism and then stolen and turned into this capitalist behemoth. Plenty of podcasts on this topic. howtofindaflashlight • 16h ago • The Landlord’s Game was originally concieved by Elizabeth Philips who designed it to teach people about the principles of Henry George. See r/georgism . Henry George advocated for a land value tax (LVT) to eliminate rentier capitalism and deliver a universal basic income, […]
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• 19h ago •
Wasn’t Monopoly created as a critique of rent-seeking landlordism?
• 19h ago •
Yes it was created to showcase the dangers of capitalism and then stolen and turned into this capitalist behemoth. Plenty of podcasts on this topic.
• 16h ago •
The Landlord's Game was originally concieved by Elizabeth Philips who designed it to teach people about the principles of Henry George. See r/georgism. Henry George advocated for a land value tax (LVT) to eliminate rentier capitalism and deliver a universal basic income, which he called a citizens dividend.
• 21h ago •
And it's enough to buy property and build a house.
• 15h ago •
It says right on the tile it’s salary.
There’s plenty of great arguments for ubi. An ancient board game that was designed as a criticism of capitalism isn’t one
• 15h ago •
A salary for doing what, working? Landlords don't work.
• 10h ago •
It also had a luxury tax, community chest, and you were a short walk from a rail line.
• 13h ago •
And this game was made to mock unfettered capitalism.
• 9h ago •
But it stays stagnant while costs rise astronomically.
• 21h ago •
Hah. Never thought of this, great meme...
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Canada $1546 OAS Direct Deposit October 2024: Will you get it? Check Eligibility and update on payment date
October 20, 2024 · · Topic: Basic Income · Relevance: badCanada $1546 OAS Direct Deposit October 2024 : As we approach October 2024, many Canadians are eagerly anticipating their Old Age Security (OAS) payments. For some, this month’s deposit might bring good news—an amount of up to $1,546. But before you celebrate, it’s important to understand the specifics of the OAS program, including how eligibility works, what influences payment amounts, and when you can expect your deposit. Canada $1546 OAS Direct Deposit October 2024 In this comprehensive guide, we’ll break down the details of the OAS payments in October 2024, including eligibility, how to check if you qualify, and […]
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Canada $1546 OAS Direct Deposit October 2024: As we approach October 2024, many Canadians are eagerly anticipating their Old Age Security (OAS) payments. For some, this month’s deposit might bring good news—an amount of up to $1,546. But before you celebrate, it’s important to understand the specifics of the OAS program, including how eligibility works, what influences payment amounts, and when you can expect your deposit.
In this comprehensive guide, we’ll break down the details of the OAS payments in October 2024, including eligibility, how to check if you qualify, and the important payment dates. Whether you’re new to OAS or just looking for a refresher, this article will provide all the information you need to stay informed and prepared.
Canada $1546 OAS Direct Deposit October 2024
Topic | Details |
---|---|
Maximum OAS Payment | Up to $1,546 (for those eligible for both OAS and Guaranteed Income Supplement [GIS]) |
Age Requirement | 65 years and older |
OAS Payment for Ages 65-74 | $727.67 (October-December 2024) |
OAS Payment for Ages 75+ | $800.44 (October-December 2024) |
Payment Date for October 2024 | October 29, 2024 |
Income Threshold for Clawback | $90,997 (for 2023 tax year) |
The Old Age Security program is a vital part of retirement planning for Canadians, offering financial support to seniors. With payments of up to $1,546 possible in October 2024 for those who qualify for both OAS and GIS, understanding your eligibility and how to apply is essential. Be sure to track payment dates and consider your income to avoid the OAS clawback. For more information, you can visit the official Government of Canada OAS page.
What is Old Age Security (OAS)?
The Old Age Security (OAS) program is a monthly payment provided by the Government of Canada to eligible individuals who are 65 years or older. The goal of the program is to provide financial support to retirees, ensuring that seniors have a reliable source of income as they age. Unlike the Canada Pension Plan (CPP), OAS is not based on your employment history or contributions. Instead, it is funded through general tax revenues, which means most Canadians who meet the residency and age criteria can qualify for it.
In October 2024, some Canadians could receive up to $1,546 if they are eligible for both OAS and the Guaranteed Income Supplement (GIS). However, the basic OAS payment for those aged 65-74 is $727.67, and for those aged 75 and over, it increases to $800.44.
Who Is Eligible for OAS?
To receive OAS, you must meet specific eligibility criteria:
- Age: You must be 65 years old or older.
- Residency: You must have lived in Canada for at least 10 years after turning 18. For those living abroad, 20 years of Canadian residency after age 18 is required to receive OAS.
- Citizenship or Legal Status: You must be a Canadian citizen or legal resident when your application is approved.
If you meet these requirements, you are likely eligible for OAS payments. However, to receive the maximum amount, your income must fall below certain thresholds, which we’ll discuss further.
How Much Will You Receive in October 2024?
The amount of OAS you receive depends on your age and your income level. Here’s a breakdown:
- Ages 65-74: The maximum monthly OAS payment is $727.67.
- Ages 75 and over: This amount increases to $800.44 per month.
For those eligible for additional benefits like the Guaranteed Income Supplement (GIS), the total payment could reach up to $1,546. GIS is designed to support low-income seniors, providing a top-up to the base OAS amount. To find out if you qualify for GIS, you’ll need to assess your income levels (more on that below).
OAS Clawback: Will You Have to Pay Some Back?
While OAS is a helpful benefit, it’s important to know that high-income earners may face a reduction in their OAS payments. This is commonly known as the “OAS clawback” or “OAS recovery tax.”
For the 2023 tax year, if your net income exceeds $90,997, you will need to repay part of your OAS benefits. For every dollar over this threshold, your OAS is reduced by 15%. If your income is high enough, it could result in your entire OAS being clawed back.
Key Payment Dates for OAS in 2024
If you’re expecting OAS payments, you’ll want to mark your calendar with the official payment dates. OAS payments are typically issued alongside Canada Pension Plan (CPP) payments. For the remainder of 2024, the OAS payment dates are as follows:
- October 29, 2024
- November 27, 2024
- December 20, 2024
If you’ve set up direct deposit with Service Canada, your OAS payment will automatically be deposited into your bank account on these dates. If you haven’t, it may take a few more days to receive a cheque in the mail.
How to Apply for Canada $1546 OAS Direct Deposit October 2024
If you’re turning 65 soon or have just become eligible for OAS, here are the steps to apply:
- Check Your Eligibility: Use the Government of Canada’s OAS eligibility tool to confirm that you meet the age and residency requirements.
- Apply Online or By Mail: You can apply for OAS up to 12 months before your 65th birthday. The easiest way to apply is through My Service Canada Account. Alternatively, you can complete a paper application and mail it to Service Canada.
- Wait for Approval: After you apply, Service Canada will review your application and send you a letter notifying you of their decision.
Canada Child Benefit Payment Coming This Week—Important Details Every Family Should Know
Extra $4200 Every Month CPP 2024: Check Eligibility, Payment Dates & Facts
Seniors will get $713.34 Old Age Security Pension In October 2024: Check Claim Process, Credit Date
How to Check the Status of Your OAS Payments
If you’ve already applied for OAS and want to check the status of your payments, you can log into your My Service Canada Account. This portal allows you to track your application status, view upcoming payments, and make any necessary changes to your personal information, such as updating your bank account for direct deposit.
Frequently Asked Questions (FAQs)
Q1: Can I defer my OAS payments?
Yes, you can choose to defer your OAS payments for up to five years after you turn 65. For each month you defer, your payment increases by 0.6%. This means if you defer for a full year, your payments will be 7.2% higher. Deferring until age 70 can result in up to a 36% increase in your monthly OAS.
Q2: What happens if I live outside Canada?
If you live outside Canada and meet the residency requirements (at least 20 years of residency after age 18), you can still receive OAS. However, your payments will be made in Canadian dollars, and any income tax obligations will depend on the tax treaty between Canada and the country where you reside.
Q3: What if I’m still working at 65?
You can still receive OAS while working, but if your income exceeds the clawback threshold ($90,997 for 2023), your benefits will be reduced. Additionally, your earnings could affect your eligibility for the GIS, which is based on income.
Hey there! I'm Anjali Tamta, hailing from the beautiful city of Dehradun. Writing and sharing knowledge are my passions. Through my contributions, I aim to provide valuable insights and information to our audience. Stay tuned as I continue to bring my expertise to our platform, enriching our content with my love for writing and sharing knowledge. I invite you to delve deeper into my articles. Follow me on Instagram for more insights and updates. Looking forward to sharing more with you!
A Basic Income for Nunavut: Addressing Poverty in Canada’s North | Canadian Public Policy
October 19, 2024 · · Topic: Basic Income · Relevance: not sureBe the first to comment
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Add your thoughts and get the conversation going. Top 2% Rank by size Public r/BasicIncome An artist used his $500 monthly basic income to build his hip hop career: ‘It’s not feasible to create art in a place of distress.’
businessinsider 269 upvotes · 8 comments r/BasicIncome Guy who canceled basic income pilot now wants to send money to everyone thestar 158 upvotes · 5 comments r/BasicIncome The Ultra-Rich Are Creating Their Own World on Earth – GreekReporter.com greekreporter 128 upvotes · 22 […]
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Oregon may tax big companies and send cash to all residents
October 19, 2024 · · Topic: Basic Income · Relevance: not sureFILE – The “Portland, Oregon” sign is illuminated in with the Wells Fargo Center building in the background in downtown Portland, Ore., Jan. 27, 2015. (AP Photo/Don Ryan, File) PORTLAND — The pitch intrigued nearly everyone who encountered a petition-gatherer seeking signatures in Oregon: Would you like a $750 annual rebate from the state, for each member of your household? Paid for “by making giant corporations pay their fair share”?
Voters signed on to the concept in droves, catapulting the initiative commonly known as the Oregon Rebate to November’s ballot. If passed, it would make Oregon the first state to […]
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PORTLAND — The pitch intrigued nearly everyone who encountered a petition-gatherer seeking signatures in Oregon: Would you like a $750 annual rebate from the state, for each member of your household? Paid for “by making giant corporations pay their fair share”?
Voters signed on to the concept in droves, catapulting the initiative commonly known as the Oregon Rebate to November’s ballot. If passed, it would make Oregon the first state to increase the minimum tax on large businesses and send the cash to all residents, guaranteeing them a minimum income.
“I’m not exaggerating here, but we got an extremely positive response,” said Antonio Gisbert, a spokesperson for the Yes on Measure 118 campaign behind the Oregon Rebate. “The secret sauce is that it’s a pretty clear concept.”
But Oregon’s measure has drawn significant bipartisan and business opposition. And even supporters of basic or guaranteed income programs worry that Oregon’s broad measure, if passed, would expose budgetary pitfalls that will doom its success and deter other states from starting their own programs.
Interest in basic or universal income programs has grown in recent years as policymakers and activists have sought ways to fight poverty by giving people regular cash payments. Guaranteed income programs generally focus on specific populations in need, and universal income programs give everyone the same amount of basic cash, regardless of income or other socioeconomic status. States such as Minnesota and Washington have considered statewide anti-poverty pilot programs to study the effects of paying people cash; more than 150 such programs or pilots have launched nationwide.
Many of the pilot programs target specific populations, including single mothers, homeless youth and those who’ve faced historic disadvantages. Advocates say that giving residents no-strings-attached cash improved people’s lives by allowing them to spend government and philanthropic aid as they see fit, often on housing, medical emergencies or necessities.
Several cities, including San Francisco, have piloted guaranteed income programs for the arts. In Seattle, it’s part of an effort to address growing affordability issues that continue to have an effect on the vibrancy of the city’s arts scene.
Silicon Valley entrepreneurs have been especially big proponents of universal income programs. Sam Altman, the CEO of OpenAI, the parent company of ChatGPT, has sponsored a study of such efforts, in part to allay concerns about the effect of artificial intelligence on employment. The study yielded largely positive results, with some caveats. The programs had no measurable effects on physical health, for example.
But those who oppose universal income programs argue they’re handouts that discourage people from working, or that they’re costly endeavors that apply mere Band-Aids on complex social issues and don’t do enough to address their systemic roots.
In a 2022 study, for example, researchers examined the financial, psychological and physical health effects of giving people one-time cash grants of up to $2,000. They concluded that the money did not significantly improve the recipients’ lives — in fact, it “made participants’ (unmet) needs more salient, which caused distress.”
But that was a one-time grant. Basic and guaranteed income programs got a boost from a 2019 experiment in which researchers observed improved financial stability and health among 125 people who lived in low-income neighborhoods in Stockton, Calif., and received $500 per month for two years. The idea got a big lift as well from entrepreneur Andrew Yang, who ran for president in 2020 on the “Freedom Dividend,” a universal basic income proposal that would have paid all U.S. adults $1,000 a month.
Tax rebate, money
If the Oregon Rebate passes, the state would increase by 3 percent the minimum tax on corporations with in-state sales greater than $25 million to pay everyone the rebate, regardless of income. From the proceeds, most Oregon residents would receive an annual tax rebate, but some people with lower incomes could opt for a direct cash payment.
The state estimates 84 percent of people would choose a rebate via a refundable tax credit on personal income tax returns, reducing their tax bill. Rebates were estimated at $750 when proponents first began seeking signatures to put the issue to voters; a new state analysis estimates the rebate is likely to be as much as $1,160 in 2026 and $1,605 by 2027.
Despite the allure of cash, the ballot measure has met with widespread opposition, including from the Democratic governor, the legislative leadership of both parties, most of the state’s major labor unions and nearly all of its major business organizations. Gov. Tina Kotek told one news outlet, Willamette Week, that the proposal “would punch a huge hole in the state budget.”
It faces opposition as well from organizations that generally support guaranteed income programs and oppose regressive tax policies that fall unduly on people with lower incomes.
Breakdown of scheme payments issued this week
October 19, 2024 · · Topic: Basic Income · Relevance: not sureThe Department of Agriculture, Food and the Marine (DAFM) has issued over €512 million in outstanding scheme payments to farmers in the week ending on Friday, October 18.
On Wednesday (October 16), advance payments under the 2024 Basic Income Support for Sustainability (BISS) and Complementary Redistributive Income Support for Sustainability (CRISS) started issuing .
The DAFM’s latest weekly payment update shows that a total of €510.46 million has been paid out under BISS and CRISS to 110,758 farmers this week.Targeted Agricultural Modernisation Scheme (TAMS 3) payments worth €1.63 million have been paid this week, bringing the total amount issued to date […]
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The Department of Agriculture, Food and the Marine (DAFM) has issued over €512 million in outstanding scheme payments to farmers in the week ending on Friday, October 18.
On Wednesday (October 16), advance payments under the 2024 Basic Income Support for Sustainability (BISS) and Complementary Redistributive Income Support for Sustainability (CRISS) started issuing.
The DAFM’s latest weekly payment update shows that a total of €510.46 million has been paid out under BISS and CRISS to 110,758 farmers this week.
Targeted Agricultural Modernisation Scheme (TAMS 3) payments worth €1.63 million have been paid this week, bringing the total amount issued to date to €19.694 million.
A total of 18,269 TAMS 3 approvals have been issued to date, with 3,589 payment applications submitted and 2,056 payments made. Outstanding TAMS 2 payments worth €241,701 have also been issued this week.
Scheme payments
2024 Areas of Natural Constraint (ANC) and Areas of Specific Constraint (ASC) payments of over €532,024 have also been issued by the DAFM. This brings the total amount paid out to 93,549 farmers to €196.4 million.
The DAFM’s latest weekly payment update also shows that 3,920 farmers have now received their 2023 payment under the Organic Farming Scheme. A total of €9,077 has been paid this week, bringing the total amount paid to €48.1 million.
Payments outstanding under the Sheep Improvement Scheme 2023 have also been paid this week, with a total of €6,352 issued. In total, 17,262 farmers have now received €21.1 million under scheme.
This week, over €6,179 has been issued by the DAFM under the Fodder Support Scheme 2023. This brings the total amount issued to 71,383 farmers to €52.75 million to date.
Payments outstanding under the Straw Incorporation Measure (SIM) 2023 worth €13,098 have been issued this week. This brings the total amount paid to 3,387 farmers to €15.51 million.
No payments have been issued this week under the Eco Scheme, the National Dairy Beef Welfare Scheme, the National Beef Welfare Scheme, the Suckler Carbon Efficiency Programme, or the Tillage Incentive Scheme.
$725 Stimulus Checks 2024: Stimulus Check for Everyone? Eligibility & Payment Dates
October 19, 2024 · · Topic: Basic Income · Relevance: not sure$725 Stimulus Checks In recent years, SSA stimulus checks have become an important subject of discussion, especially in response to economic challenges caused by the COVID-19 pandemic. Many Americans received short-term financial help through federal stimulus checks, but more specific and reliable financial support is now available by more recent programs.
One such initiative is the $725 Stimulus Checks provided under the Sacramento Family First Economic Support Pilot (FFESP), which aims at reducing inequality in the economy by providing guaranteed monthly payments to communities with limited resources. $725 Stimulus Checks 2024
The Sacramento Family First Economic Support Pilot is a […]
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In recent years, SSA stimulus checks have become an important subject of discussion, especially in response to economic challenges caused by the COVID-19 pandemic. Many Americans received short-term financial help through federal stimulus checks, but more specific and reliable financial support is now available by more recent programs.
One such initiative is the $725 Stimulus Checks provided under the Sacramento Family First Economic Support Pilot (FFESP), which aims at reducing inequality in the economy by providing guaranteed monthly payments to communities with limited resources.
$725 Stimulus Checks 2024
The Sacramento Family First Economic Support Pilot is a local initiative that provides $725 monthly stimulus checks to African American and Native American families in Sacramento County, California. Unlike federal one-time stimulus payments tied to the pandemic, this guaranteed income program focuses on long-term support for communities in need.
In order to create a more sustainable safety net, the $725 payments have the goal of helping these families in meeting basic expenses like housing, food, and childcare.
$725 Stimulus Checks 2024 Deatils
The Sacramento Family First Economic Support Pilot provides qualified low-income Native American and African American families with young children in certain zip codes a monthly $725 stimulus check. The program aims to reduce income gaps and enhance long-term financial stability by offering regular support for basic needs.
$725 Stimulus Checks Eligibility Criteria
- Families must be members of African American or Native American communities and live in certain Sacramento County zip codes in order to be eligible for the $725 stimulus check.
- Additionally, the household must have at least one child under the age of five living with them for at least half of the time and meet the low income limit.
- These requirements ensure the $725 payments support families facing additional financial burdens from raising young children.
Other Payment Programs
The $725 stimulus check from the Sacramento Family First program is part of a larger movement in the U.S. to deal with poverty through guaranteed income initiatives. Cities like Stockton, California, and Chicago have implemented similar programs, providing residents monthly payments to reduce their financial problems.
For example, Chicago’s Resilient Communities Pilot provides low-income households with $500 per month, while Stockton’s Economic Empowerment Demonstration paid out $500 monthly for 18 months. Instead of providing one-time support, these programs like the Sacramento initiative aims to provide suffered financial support.
How to Claim $725 Stimulus Checks 2024?
- Families must first confirm their eligibility in order to be eligible for the $725 stimulus check under the Sacramento Family First program.
- This can be done by visiting the program’s official website and confirming their residence in one of the eligible zip codes.
- After submitting their $725 stimulus application online, applicants must submit supporting documentation, including proof of income, proof of residency, and proof of the age of their child.
- Applicants will receive an email confirming their enrollment status as soon as their application is submitted.
- Families who require support with the $725 stimulus check application process can receive it.
FAQs
Who is eligible for the $725 stimulus check?
African American and Native American families in specific Sacramento County zip codes with at least one child under five and low income.
How long are the $725 monthly payments provided?
The $725 Monthly Payments are given for a set period to support basic living expenses.
What documents are needed to apply?
Proof of income, residency, and child’s age are required to apply for $725 payments.
The basic income for care leavers in Wales pilot evaluation: Protocol of a quasi-experimental evaluation
October 19, 2024 · · Topic: Basic Income · Relevance: not sureAccess Document
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UPSC Editorial Analysis: Universal Basic Income (UBI) in the Indian Context
October 19, 2024 · · Topic: Basic Income · Relevance: not sureSource: The Hindu
General Studies-3; Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Introduction: The International Labour Organization (ILO) has highlighted global issues of jobless growth, worsened by automation and Artificial Intelligence (AI). Rising inequality and youth unemployment, particularly in India, have reignited debates around UBI as a tool to provide a social safety net . Background: UBI gained momentum in India after the 2016-17 Economic Survey , which proposed considering UBI to replace inefficient welfare schemes. The development of JAM (Jan-Dhan, Aadhaar, Mobile) infrastructure has enhanced the feasibility of […]
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Source: The Hindu
General Studies-3; Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Introduction:
- The International Labour Organization (ILO) has highlighted global issues of jobless growth, worsened by automation and Artificial Intelligence (AI).
- Rising inequality and youth unemployment, particularly in India, have reignited debates around UBI as a tool to provide a social safety net.
Background:
- UBI gained momentum in India after the 2016-17 Economic Survey, which proposed considering UBI to replace inefficient welfare schemes.
- The development of JAM (Jan-Dhan, Aadhaar, Mobile) infrastructure has enhanced the feasibility of implementing Direct Benefit Transfers (DBTs) for UBI.
UBI as a Safety Net Policy:
- UBI should be viewed as a social safety net policy rather than a solution to employment growth or economic development. It helps individuals manage the consequences of unemployment and poverty.
- Policies need to be evaluated based on their objectives. UBI is designed to provide basic income support, not directly solve structural economic issues like job creation.
key benefits of Universal Basic Income (UBI):
- UBI provides a direct cash transfer to all citizens, ensuring a minimum income floor. This can lift people out of poverty, particularly in regions with high poverty rates, by providing basic financial security.
- Universal transfers ensure fewer intermediaries, reducing administrative costs and minimizing exclusion errors.
- With basic income support, individuals, especially in lower-income groups, will have more purchasing power. This can stimulate aggregate demand, boosting consumption and potentially driving economic growth, especially in times of economic downturn.
- UBI can provide essential financial support to vulnerable populations like the elderly, disabled, and unemployed, who may not benefit from work-based welfare programs like MGNREGS.
- With guaranteed financial support, families are more likely to invest in better healthcare and education for their children, improving overall human development indicators in the long run.
- A guaranteed basic income can reduce the stress and mental health issues associated with financial insecurity. It can also reduce crime rates, as people with stable income are less likely to resort to criminal activities out of desperation.
Feasibility vs. Desirability of UBI:
- Feasibility: UBI may not be financially viable for India, given budgetary constraints.
- Desirability: UBI is desirable as it can provide universal income support, reducing inequality and offering a minimal consumption guarantee.
- A key question is whether a modified UBI that is less ambitious but financially feasible can be explored.
State and Central Government Schemes:
- Rythu Bandhu (Telangana) and KALIA (Odisha) are state-level schemes providing unconditional payments to farmers. The national-level PM-KISAN scheme offers ₹6,000 per year to farmers, aiming to cover 10 crore farming households.
- Challenges: These programs face issues like inclusion and exclusion errors due to logistical challenges (Aadhaar verification, bank rejections).
Financial Feasibility of UBI in India:
- Large-scale UBI proposals range from 3.5% to 11% of GDP, requiring significant budgetary resources or cutting other anti-poverty programs.
- A more feasible approach is a limited UBI, pegged at 1% of GDP, providing around ₹144 per month to every citizen (or ₹500 per household). This amount, while small, can be scaled up gradually, building on programs like PM-KISAN.
Concerns and challenges associated with implementing a Universal Basic Income (UBI)
- One of the primary concerns about UBI is the significant financial burden it places on the government.
- If UBI is implemented by replacing current welfare schemes, there’s a risk that targeted programs that are crucial for vulnerable populations (such as food distribution via the Public Distribution System or MGNREGS) might be eliminated, leaving certain groups worse off.
- Providing a universal cash transfer could potentially lead to inflation, particularly in rural or underdeveloped areas where an increase in demand for basic goods might outpace supply.
- There is concern that UBI could create a disincentive to work, as individuals receiving guaranteed income may opt out of the labor force.
- Biometric failures and network issues have already plagued existing welfare schemes in India, such as PM-KISAN, leading to exclusion errors.
- While UBI may provide short-term financial relief, it does not address the structural issues related to unemployment, education, healthcare, or inequality in the long run.
Way Forward:
- Implementing a full-scale UBI may not be feasible in India due to financial constraints. Therefore, a modified UBI, starting with specific vulnerable groups (such as women, the elderly, the disabled, and landless laborers), could be an effective compromise.
- UBI can be integrated into existing frameworks like MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) and Public Distribution System (PDS) to ensure comprehensive coverage.
- The JAM (Jan-Dhan, Aadhaar, Mobile) infrastructure is crucial for the smooth rollout of UBI. The government must continue improving banking access in remote areas, addressing issues with Aadhaar-based verification, and ensuring stable internet and mobile connectivity.
- UBI is not a solution to structural unemployment; hence, it must be paired with policies that promote job creation and boost economic growth.
Conclusion:
- UBI has merit as a tool to address poverty and inequality, but its large-scale implementation faces budgetary challenges.
- A modified UBI, gradually rolled out and combined with existing programs, offers a viable strategy for India, ensuring a balanced and comprehensive social safety net for all citizens.
Practice Question:
Universal Basic Income (UBI) has often been seen as a potential solution to address rising inequality and jobless growth in India. Discuss the relevance of UBI in the context of global trends like automation and Artificial Intelligence. How can UBI contribute to India’s social safety net? (250 words)
UPSC Static Quiz – Polity : 19 October 2024 We will post 5 questions daily on static topics mentioned in the UPSC civil services preliminary examination syllabus. Each week will focus on a specific topic from the syllabus, such as History of India and Indian National Movement, Indian and World Geography, and more.We are excited to bring you our daily UPSC Static Quiz, designed to help you prepare for the UPSC Civil Services Preliminary Examination. Each day, we will post 5 questions on static topics mentioned in the UPSC syllabus. This week, we are focusing on Indian and World Geography.
Why Participate in the UPSC Static Quiz?
Participating in daily quizzes helps reinforce your knowledge and identify areas that need improvement. Regular practice will enhance your recall abilities and boost your confidence for the examination. By covering various topics throughout the week, you ensure a comprehensive revision of the syllabus.
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Native Tree Scheme makes it easier to plant trees
October 19, 2024 · · Topic: Basic Income · Relevance: not sureIf you’re a farmer looking to generate extra income, the Native Tree Area Scheme (NTAS) is a great opportunity to earn up to €44,900 over 10 years.
Planting a forest can be a valuable long-term investment. The Department of Agriculture, Food, and the Marine (DAFM) covers 100% of the establishment costs, all annual premium payments are income tax-free, and you can continue to claim the Basic Income Support for Sustainability (BISS) on your forested land.
The NTAS encourage small-scale tree planting up to 2ha, without requiring an afforestation license, making it a practical and convenient choice for farmers.Whether you want to […]
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If you’re a farmer looking to generate extra income, the Native Tree Area Scheme (NTAS) is a great opportunity to earn up to €44,900 over 10 years.
Planting a forest can be a valuable long-term investment. The Department of Agriculture, Food, and the Marine (DAFM) covers 100% of the establishment costs, all annual premium payments are income tax-free, and you can continue to claim the Basic Income Support for Sustainability (BISS) on your forested land.
The NTAS encourage small-scale tree planting up to 2ha, without requiring an afforestation license, making it a practical and convenient choice for farmers.
Whether you want to support biodiversity, protect water quality or help meet Ireland’s climate goals, the scheme offers the ideal combination of flexibility and financial support.
Native Tree Area Scheme
One of the key benefits of the NTAS is its ease of access. You can plant an area as small as 0.1 hectares using a very simple approval process which, on average, takes less than six weeks, allowing you to get started quickly.
The scheme offers two options:
1. Creation of Small Native Forests (NTA 1):
This option supports the planting of up to 1 hectare of native forests on farmland, helping to combat climate change and promote biodiversity.
2. Creation of Native Forests for Water Protection (NTA 2):
NTA 2 focuses on the planting of up to 1 hectare of trees near water bodies, in order to protect water quality and ecosystems, prevent soil erosion and reconnect native habitats.
Financial support
The NTAS provides grants and premiums to cover the costs of planting and maintaining these forests.
Grants are paid in two instalments under each of NTA1 and NTA2 – you can receive up to €5,058 for the first instalment and €1,686 for the second.
Annual premiums are also available, with NTA 1 offering €2,206/ha each year for up to 10 years, and NTA 2 offering €2,284/ha. Over a 10-year period, these income tax-free premiums amount to €22,060 and €22,840, respectively.
An especially attractive aspect of the Scheme is that a landowner can plant both NTA1 and NTA2 (where suitable water bodies are present). This combination could yield up to €44,900 over 10 years.
How to get started
To begin, contact your local farm advisor, a Teagasc Forestry Advisor, or a registered forester.
They will help to determine whether your land is suitable*, and will assist with the application.
Your forester will handle the paperwork and once approved, you can start planting. After planting, you can apply for your annual forestry premium via agfood.ie.
Next steps
By planting a forest, you’re not only diversifying your farming activities and generating extra income – you’re also contributing to a more sustainable future.
Whether your focus is on climate change, biodiversity or water protection, the NTAS makes it easy to take that first step.
For more information, contact the Department of Agriculture’s Forestry Approvals Section, at 053 916 3400, or email forestryinfo@agriculture.gov.ie.
*The scheme is designed to ensure that all tree planting works are undertaken in a legally compliant and sustainable manner, and for this reason some lands are not eligible for inclusion in the scheme (e.g. organic soils and areas above 200m in elevation). Even if you don’t fit the criteria for NTAS, lands may be considered for planting under the other forest creation options of the Forestry Programme 2023-2027.
This post is sponsored by the Department of Agriculture, Forestry and the Marine
Inflation, U.S. presidential election and cyberfraud top of mind for American investors
October 18, 2024 · · Topic: Basic Income · Relevance: not sureDES MOINES, Iowa – American investors are keeping a close eye on the economy and the nation’s capital according to a new survey from F&G Annuities & Life. F&G’s fifth annual Risk Tolerance Tracker asked American investors how the events of the past 12 months have impacted their views on retirement and risk, as well as the issues they are concerned about for the year ahead.
Inflation continues to rank as the top stressor, with 80% of respondents saying they are worried about it having a negative impact on their financial future. This was followed closely by worries about the […]
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DES MOINES, Iowa – American investors are keeping a close eye on the economy and the nation’s capital according to a new survey from F&G Annuities & Life. F&G’s fifth annual Risk Tolerance Tracker asked American investors how the events of the past 12 months have impacted their views on retirement and risk, as well as the issues they are concerned about for the year ahead.
Inflation continues to rank as the top stressor, with 80% of respondents saying they are worried about it having a negative impact on their financial future. This was followed closely by worries about the U.S presidential election, which were cited by nearly three quarters (72%) of American investors. More specifically, nearly half (48%) said they expect the presidential election to have an impact on their retirement plans.
Worries about a recession are also top of mind at 72%. Additionally, cybercrime/fraud (63%), geopolitical risks/tensions (61%), historically high debt (59%), stock market volatility (59%) and the impact of Generative AI on finances (50%) are other leading concerns when people evaluate factors impacting their financial future.
Americans’ risk tolerance over time
When it comes to how American investors see overall risk tolerance and the mindset around their financial future, there are some signs of improvement, although many fears remain.
- 73% of respondents say the events of the last 12 months made them less likely to take financial risks. This is down from the past two years when 78% of respondents said they had become more financially risk averse.
- Worries about retirement income still persist as 66% are worried about retirement income due to the events of the last 12 months, down only 3% from 2023.
- Fewer people (53%) feel like their financial safety net was ripped away as a result of the past 12 months compared to 60% in 2023 and 67% in 2022.
The generational risk gap
When it comes to how different generations view risk, Baby Boomers are the most worried about the U.S. presidential election having a negative impact on their financial future (79%), compared to Generation X (72%) and Millennials (64%).
Meanwhile, GenX respondents are most worried about the U.S. entering a recession (76%), compared to Millennials (72%) and Baby Boomers (69%).
All generations continue to cite inflation as the top worry that may affect their financial future.
Despite this, well over half (58%) of respondents stated that they don’t currently use a financial professional. More concerning is that the two generations that are either in or approaching retirement may not be getting appropriate advice. Over half of Baby Boomers surveyed (53%) and nearly two-thirds of GenX (63%) don’t use a financial professional.
The opportunity for guaranteed income products
In addition to overlooking advice, American investors are also overlooking guaranteed income products as a way to hedge these unpredictable times as only 14% of respondents noted owning an annuity.
When asked about how important various factors were when considering their investments for retirement income, 88% noted guaranteed income for life as important just behind maximizing their accumulated income (91%).
“Our fifth annual survey shows that while risk tolerance is modestly increasing, uncertain economic factors continue to weigh on the minds of American investors,” said Chris Blunt, CEO of F&G. “Yet at the same time, many investors are not taking advantage of the tools they need to plan for the long term, such as leveraging an advisor and building a balanced portfolio that includes guaranteed income products. Being proactive now can give investors more peace of mind in the months and years to come.”
For more information on F&G’s latest survey, please visit fglife.com/research
Survey Methodology
The survey was conducted online by ROI Rocket, a MarketOnce company and an industry leader in consumer and B2B research. It was fielded from August 22 to September 9, 2024 among a nationally representative sample of 1,678 U.S. adults 30 years of age and older who have sole or shared financial decision-making responsibility for their household, and own financial products valued at $10,000 or more.
Free tax assistance programs need volunteers for 2025 tax season
October 18, 2024 · · Topic: Basic Income · Relevance: not sureWisconsin’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are ramping up for the 2025 tax season and they need volunteers.
Whether you are a student, retiree or anyone looking to serve your community, the VITA and TCE programs offer a unique opportunity to engage with and help people in a meaningful way while building valuable skills.
“Volunteers are the heart and soul of our tax preparation assistance programs,” said Wisconsin Department of Revenue Secretary Designee David Casey . “Their dedication and expertise provide invaluable support to countless Wisconsin residents, helping them navigate the complexities of […]
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Wisconsin’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are ramping up for the 2025 tax season and they need volunteers.
Whether you are a student, retiree or anyone looking to serve your community, the VITA and TCE programs offer a unique opportunity to engage with and help people in a meaningful way while building valuable skills.
“Volunteers are the heart and soul of our tax preparation assistance programs,” said Wisconsin Department of Revenue Secretary Designee David Casey. “Their dedication and expertise provide invaluable support to countless Wisconsin residents, helping them navigate the complexities of tax filing. We are incredibly grateful for their commitment to serving our communities.”
The VITA and TCE programs offer free tax preparation services to qualifying Wisconsin taxpayers. Site coordinators and tax counselors are needed for both programs.
Who can volunteer?
Anyone. There is need for help in several positions, including site coordinators, reception greeters, document intake and income tax preparation. Accounting or finance experience is not necessary to volunteer. Those helping clients, coordinating sites, and providing tax preparation services will receive formal training, making this a good opportunity to learn about federal and state tax laws and the preparation process while serving the communities where they live and work.
How to apply
Anyone interested in giving their time to either the VITA or TCE programs during the tax season from January through April 2025 should complete the following steps before November 18, 2024:
- Fill out a Community Volunteer Information form on the Department of Revenue website.
- Contact DOR’s VITA-TCE Program Coordinator Juan Carlos Reyes at reyes@wisconsin.gov.
Last tax season, volunteers with the VITA and TCE programs prepared nearly 69,500 tax returns at about 180 locations statewide. The VITA program is a cooperative effort by the IRS and many individual states, including Wisconsin. Volunteers trained by the IRS and DOR prepare basic income tax returns for free. The TCE program is supported by AARP. The AARP’s Tax-Aide volunteers train in cooperation with the IRS and DOR to prepare basic income tax returns for free during tax season. Most of these sites offer free electronic filing.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
National Links: Reawakening the giants
October 18, 2024 · · Topic: Basic Income · Relevance: badAn artsy scene in DC celebrating another Detroit hallmark. Image by Mike Maguire used with permission. The Factory: how a Detroit car manufacturing plant was transformed into a place for people to create and live. A writer posits that an abandoned system of subway tunnels in Cincinnati could be used for transit, finally (or—hear us out—a Bond villain lair). Traffic models have been used for decades to justify highway spending, which deepened car dependence and pushed real congestion solutions to the side.
Programming note: National Links will be off next week. See you on November 1!
Use the […]
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The Factory: how a Detroit car manufacturing plant was transformed into a place for people to create and live. A writer posits that an abandoned system of subway tunnels in Cincinnati could be used for transit, finally (or—hear us out—a Bond villain lair). Traffic models have been used for decades to justify highway spending, which deepened car dependence and pushed real congestion solutions to the side.
Programming note: National Links will be off next week. See you on November 1!
Use the subway for transit: Every few decades there’s a new movement to make something out of Cincinnati’s abandoned subway tunnels that were only partially finished due to the inflationary pressures of WWI and killed entirely by the Great Depression. Joshua Lawrence Junker suggests that as the water main that exists there comes to the end of its useful life, perhaps it’s time to revive the idea of a subway for transit again. (Joshua Lawrence Junker | Cincinnati Enquirer)
Day Zero never came but reforms needed: The headlines had stated Mexico City was perilously close to running out of water but a good fortune of timely rainfall and better water management have relieved the pressure for now. The near miss and attention it garnered also started larger discussions about what the city should be doing better to manage its water systems which were more salient due to a national election for president. (Maya Averbuch | Bloomberg CityLab)
Creating Dreamtroit: Two artists have taken an old car factory in Detroit and transformed it into a haven for artists, including studio space and affordable housing. Half the units in the space called Dreamtroit are reserved for artists making less than $40k per year and some of the spaces rent for just $365 a month. And as the area around the factory gets redeveloped by major institutional investors, Dreamtroit stands out as “a point of resistance.” (Patricia Leigh Brown | New York Times)
Oregon voters to consider a state basic income rebate: In Oregon, voters will be asked whether the state’s minimum tax on large companies should be increased to give every resident of the state a $750 tax rebate and for some residents with low incomes it could be a direct cash payment. But not everyone is a fan of the idea of universal basic income programs. A lot of elected officials, including the governor, have come out against it. Other states have even written laws banning the practice. (Erika Bolstad | Pew Stateline)
Traffic models and highway spending: Benjamin Ross and Joe Cortright argue that billions of dollars have been wasted on highway expansions sold to the public through black box traffic models trained to get results that point towards expansion. They use two examples of projects they have been following closely, the I-5 Columbia River Crossing plan in Portland and Maryland’s toll lane expansion, to show how the process has been perverted, and pushed actual solutions to congestion to the side. (Ben Ross and Joe Cortright in Dissent Magazine)
Quote of the Week
“Those who don’t see themselves in those images or who live in built-up areas may feel as if cycling is not for them because they are not also white, slim, or able-bodied and do not have widespread access to green spaces and calmer roads on which to cycle.”
A report by the UK charity Possible shared in Forbes on how there’s a lack of diversity in cycling imagery.
This week on the Talking Headways podcast we’re joined by Cassidy Boulan and Thom Stead of the Delaware Valley Regional Planning Commission (DVRPC).
Continue the conversation about urbanism in the Washington region and support GGWash’s news and advocacy when you join the GGWash Neighborhood!
Tagged: arts, bicycling, cincinnati, dc, detroit, development, equity, highway expansion, housing, links, maryland, mexico city, poverty, public spaces, roads, subway, sustainability, toll lanes, traffic, transit, water, weather
Jeff Wood is the Principal of The Overhead Wire, a consulting firm focused on sharing information about cities around the world. He hosts a weekly podcast called Talking Headways at Streetsblog USA and operates the daily news site The Overhead Wire.
Advancing Gender Equity Through Guaranteed Income
October 18, 2024 · · Topic: Basic Income · Relevance: not sureClosing the Gender Wealth Gap
Advancing Gender Equity Through Guaranteed Income
WOMEN’S WAY · Follow 5 min read·3 hours ago To close the gender wealth gap we need an economy that is truly equitable and inclusive. Unfortunately, our current system is far from that ideal. Wealth disparities continue to grow, leaving women, especially women of color, more likely to live in poverty, work in low-wage jobs, and face barriers to essential healthcare. If you’re curious about wealth inequality and how it intersects with gender, don’t miss this foundational discussion featuring WOMEN’S WAY’s Chief Disruptor Diane Cornman-Levy in conversation […]
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Closing the Gender Wealth Gap
Advancing Gender Equity Through Guaranteed Income
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5 min read
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3 hours ago
To close the gender wealth gap we need an economy that is truly equitable and inclusive. Unfortunately, our current system is far from that ideal. Wealth disparities continue to grow, leaving women, especially women of color, more likely to live in poverty, work in low-wage jobs, and face barriers to essential healthcare.
If you’re curious about wealth inequality and how it intersects with gender, don’t miss this foundational discussion featuring WOMEN’S WAY’s Chief Disruptor Diane Cornman-Levy in conversation with Marjorie Kelly, author of “Wealth Supremacy.”
It’s clear that it’s time to uplift new solutions that will ensure our economy offers the same opportunities to all of us. That’s why WOMEN’S WAY’s 2024 Closing the Gender Wealth Gap Forum series focused on exploring alternative approaches and solutions that can build an economy where we all thrive.
In this blog, we spotlight one such approach— guaranteed income — and its potential to impact the gender wealth gap.
Guaranteed Income Basics
Guaranteed income has shown it can make a difference in the lives of women through regular, no-strings-attached cash payments. Unlike other assistance programs, guaranteed income participants can use the money however they see fit — whether it’s for rent, groceries, or other necessities.
Dr. Amy Castro from the University of Pennsylvania explains,
“The idea behind guaranteed income is really based on the thought that people are experts of their own lives and they know best where they can leverage that money to help smooth income volatility and help their family achieve upward mobility.”
The RISE guaranteed income program in Cambridge, Massachusetts is one example of guaranteed income in action. A recent study showed that the program’s $500 monthly stipend helped 130 single caregivers (96% women, 62% African American) achieve greater stability. It did this by improving their financial health, employment opportunities, self-care, and parenting opportunities.
This case study shows that guaranteed income is much more than just a financial boost — it alleviates stress, improves health, and creates opportunities for long-term stability, all of which are critical for closing the gender wealth gap.
Local Spotlight
Closer to home, Philadelphia’s Philly Joy Bank is a powerful new example of a recently launched guaranteed income program in our own backyard.
Created by the Philadelphia Community Action Network (CAN), the Philly Joy Bank launched this past summer (July 2024) to support pregnant Philadelphians, fight the maternal and infant mortality crisis, and reduce racial and gender health disparities. 250 participants from the Cobbs Creek, Strawberry Mansion, and Nicetown-Tioga neighborhoods are set to receive $1,000 each month for 18 months through this pilot. Program participants will be able to choose how, when, and why to use the cash — no questions asked.
When pregnant people do not have access to quality healthcare, there is a ripple effect on the individual, their family, and the economy. The Philly Joy Bank aims to address that. In an article for The Inquirer, the Philly Joy Bank’s Program Manager, Nia Coaxum, shares:
“The idea is that providing folks with extra cash during their pregnancy will lower stress, which also has negative impacts on the body, especially health-wise. We’re really hoping that participants can use this money to address their basic needs, which will then, in turn, improve their health outcomes and birth outcomes.”
With the Philly Joy Bank as the newest addition to the growing number of guaranteed income pilots nationwide, Philadelphia advocates eagerly await the results and impacts of this exciting new program and the model it can set.
Challenges and Opportunities
Even with documented positive results from guaranteed income programs nationwide, opposition remains strong. Opponents believe that no-strings-attached payments discourage work and lack oversight on spending. These unfounded concerns stem from longstanding myths about who deserves help, especially when it comes to women and welfare.
“[Guaranteed income has] gone from the radical to the mainstream, but I think a lot of the opposition that we’re experiencing is still the same. It’s really rooted in these racist and sexist tropes about what poor people do when they’re given money, who is poor, and why they’re poor in the first place,” explains Cambridge RISE Director Sukhi Samra in an article for The 19th.
This past spring, WOMEN’S WAY hosted a Closing the Gender Wealth Gap Forum that delved into this topic in greater depth with panelists and moderator Anne E. Price, Co-President and Founder of The Maven Collaborative; Dr. Amy Castro, Associate Professor, University of Pennsylvania, and Co-Founder of the Center for Guaranteed Income Research; William Hall, Deputy Executive Director for Policy and Programs, City of Philadelphia’s Office of Community Empowerment and Opportunity; and Nia Samuels, Co-Chair of the Philly Joy Bank Steering Committee.
During the forum, panelists emphasized the urgency of changing the narrative around guaranteed income and addressing other barriers that advocates are facing. Here are some key take aways our panelists outlined:
- Guaranteed income has the potential to address gender and racial wealth gaps by empowering women, especially women of color, and giving them more bargaining power and the ability to make choices about their own economic security.
- Implementing guaranteed income programs requires careful consideration of narratives and community collaboration to avoid perpetuating harmful stereotypes or top-down solutions. Elevating the voices and experiences of program participants is crucial.
- There is bipartisan interest in guaranteed income, but the motivations and perspectives of advocates from different sides of the political aisle. Building diverse coalitions to advocate for guaranteed income and address systemic inequities is important.
- Guaranteed income alone is not a silver bullet, and must be coupled with efforts to address low wages, predatory lending, and other extractive economic practices that perpetuate poverty and wealth inequality.
- Guaranteed income programs are facing increasing political backlash, requiring advocates to be in it for the long haul and prepared to contend with narratives that seek to undermine or limit the reach of these initiatives.
Want to hear more from our panelists and dig deeper into this conversation? You can watch the entire session below to learn more!
For Further Reading
Community Resource Closing the Gender Wealth Gap Forum 4/24/24
https://www.urban.org/urban-wire/banning-guaranteed-income-programs-undermines-american-values
https://msmagazine.com/2021/03/25/welfare-is-a-womens-issue-ms-magazine-spring-1972/
Over 1800 Farmers In Wicklow To Benefit From Early Support Payments.
October 18, 2024 · · Topic: Basic Income · Relevance: not sureTaoiseach Simon Harris has announced €11.5 Million has been paid To Over 1,800 Wicklow Farmers. Taoiseach Simon Harris has announced €11.5 Million has been paid To Over 1,800 Wicklow Farmers
The payments are the advance payments under the 2024 Basic Income Support for Sustainability (BISS) and Complementary Redistributive Income Support for Sustainability (CRISS).
Payments will be in farmers bank accounts in the coming days. Announcing the funding, Taoiseach Simon Harris said:“I am delighted that my Government has started to give farmers the advance payments under the BISS & CRISS, worth over €11.5 million to over 1,800 Wicklow farmers.“These payments […]
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Taoiseach Simon Harris has announced €11.5 Million has been paid To Over 1,800 Wicklow Farmers.
- Taoiseach Simon Harris has announced €11.5 Million has been paid To Over 1,800 Wicklow Farmers
- The payments are the advance payments under the 2024 Basic Income Support for Sustainability (BISS) and Complementary Redistributive Income Support for Sustainability (CRISS).
- Payments will be in farmers bank accounts in the coming days.
Announcing the funding, Taoiseach Simon Harris said:
“I am delighted that my Government has started to give farmers the advance payments under the BISS & CRISS, worth over €11.5 million to over 1,800 Wicklow farmers.
“These payments are of vital importance to farmers and make a significant contribution to farm incomes.
“People in Wicklow know how crucial a role our farmers play in our county’s economy.
"Given the importance of these payments to farmers, I welcome the fact payment dates for 2024 have reverted to the payment schedule in place in previous years.
“Nationally, 110,186 of farmers have been paid €506m which is in line with our commitment under the Farmers Charter to pay 90% of eligible applications.
“6,000 more farmers have been paid and €54m more in payments has gone out this year compared to the commencement of payments in 2023.
“This further shows my Government’s commitment to delivering for farmers and Rural Ireland.
“Payments will be visible in farmers’ bank accounts in the coming days, and I am calling on the Department of Agriculture to issue outstanding payments as a matter of urgency as they become clear for payment.”
Payments under the 2024 Areas of Natural Constraints Scheme (ANC), which commenced last month, are also continuing as more cases are cleared for payment and 2024 payments under the Eco-Scheme will commence from next week.
For those farmers wishing to contact the department regarding their BISS or ANC payments, extended hours are in place for the Direct Payments Helpdesk.
From Monday 14 October to Friday 18 October, the Helpdesk will be available up to 8.30pm. Farmers can ring the Helpdesk at 057-8674422. Farmers can also submit any queries they may have online via www.agfood.ie.
Basic income could put food banks out of business
October 18, 2024 · · Topic: Basic Income · Relevance: not sureVolunteers sort food items in Weymouth food bank in 2023. Just under 3 million people accessed food banks in 2022-23, with charities seeing in an uptick in demand during the cost of living crisis David Beck is a lecturer of social policy at the University of Salford, a coordinator at UBILab Manchester, and co-chair of UBILab Food. He’s interested in understanding how a universal basic income (UBI) could end the need for food banks. Here, he tells Beyond Trafficking and Slavery (BTS) that the UK anti-hunger industry has failed and it’s time for radical solutions.
This interview has […]
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David Beck is a lecturer of social policy at the University of Salford, a coordinator at UBILab Manchester, and co-chair of UBILab Food. He’s interested in understanding how a universal basic income (UBI) could end the need for food banks. Here, he tells Beyond Trafficking and Slavery (BTS) that the UK anti-hunger industry has failed and it’s time for radical solutions.
This interview has been edited for length and clarity.
Beyond Trafficking and Slavery (BTS): What do we mean by food inequality?
David Beck: If you've got enough income, you can have food that’s good for you and healthy. If you don't have enough income, then you’re usually left with the stuff that’s cheap. Inexpensive food is usually filled with salt, fat, sugar and isn’t very good for you. It can lead to other health implications in the future.
BTS: So the poverty premium of food is that you save money by buying cheap food now, but end up with expensive, negative health outcomes later.
David: That’s exactly what it is. If you’re on a low income, food is expensive and healthy food is more expensive. If you’re on a very low income and you’ve got children, for example, young children may not want to try healthier foods – they spit out the broccoli. If you’re struggling, you’re going to avoid buying broccoli because you assume it will be wasted.
Restricted income usually results in a restricted diet. The latter is a result of poverty.
BTS: Can you give us a sense of the English food bank landscape? I heard this country now has more food banks than McDonald’s.
David: We do. In 2012, the Department for Work and Pensions brought in a new policy called the Welfare Reform Act. Iain Duncan Smith was the work and pensions secretary at the time, the chancellor was George Osborne and David Cameron was the prime minister. The act ushered in universal credit and the bedroom tax.
Pre-universal credit, people would have been paid weekly, fortnightly or sometimes monthly depending on how their particular assistance was set up. The different pots of money coming in at different times created a trickle effect for the recipient.
Universal credit is paid monthly. This was supposed to nudge people into thinking, “Well, if I can handle this money every month then I’ll be OK. I can go and get a job because that pays monthly as well.” But it made people feel very insecure. People struggled with it immediately.
What happened then was the charity sector, led by churches, came in as food banks. That’s when they really started to ramp up.
BTS: I can see why collapsing benefits into a single, monthly payment would theoretically increase stability. It makes intuitive sense. So what went wrong? Was there just some crunching gears at the beginning because transitions are hard? Or did universal credit create sustained instability?
David: Sustained instability. Initially universal credit was paid six weeks in retrospect. That made people think straight away that: “I’ve got no money for six weeks. I’ve got to pay rent, mortgages or I’ve got to feed my kids. How am I going to survive this?” The instability was built into the system right from the get-go.
So they started giving out advance payments, but they were structured effectively as a loan that you had to pay back. The government reclaimed that advance by reducing future payments, so for the first year or two your benefits were never at the maximum level. That had a similar, destabilising effect.
BTS: This then led to a sustained rise in food banks?
David: It continues to this day. One of the poorest regions in Wales is Rhyl. Right along the north Wales coastline, a little seaside town called Rhyl. It’s got more food banks than it’s got supermarkets.
BTS: Seems to be quite the false economy. We’re willing to pay to run food banks, but not willing to raise benefits so that food banks become unnecessary.
David: Well, the government doesn't fund food banks. There are some local authorities which will put money aside and use it in collaboration with food banks. But if the government starts to fund food banks, we’ll have reached a level of institutionalisation where they are a completely normalised part of our society.
The world’s first food bank opened in 1969 in Phoenix, Arizona as a temporary solution. It’s still open today
BTS: Can you tell us a bit more about how we got to where we are now?
David: Let’s bring it back to the 1940s, when the politician William Beveridge was working to build a social security system. Like the NHS, the idea was to be there for everybody when they needed it. That version of the system continued until the 1980s. Then Margaret Thatcher, influenced by Reaganomics, declared her intention to dismantle it. She started to sell off parts of the system and privatisation crept in.
That process continued after she left office in 1990. Tony Blair came to power in 1997, but he didn’t change much because he was kind of a Thatcherite himself.
Fast forward to 2010. David Cameron enters the prime minister’s office on the heels of one of the worst recessions the country has ever seen. He comes in with an idea, which goes something like: “I’m going to solve this debt crisis, and the people who are causing the debt are those people claiming social security. Forget the bankers who created the debt in the first place – it’s these people who are sat at home. The ‘benefits scroungers’”.
This is why I try not to use words like benefits or welfare. I call it social security because the other terms have been made into almost dirty words. Social security is about us all together.
That’s how I got really interested in the idea of a basic income. For me that’s real social security.
BTS: How do you see UBI fitting into more holistic, full spectrum social security reform? It’s a powerful potential tool, but it’s unlikely to be a silver bullet.
David: I have heard lots of people say it isn’t a silver bullet, but I’m a utopian and very optimistic by nature. I think it could be a silver bullet.
There are so many extra things that people don’t factor in when we think about a basic income.
Take crime. We know burglary numbers rise towards Christmas, which indicates that it’s related to the extra money needed around the holidays for food, gifts, etc. People do commit burglary because of poverty – not always, but often. So if we lift individuals out of poverty by giving them a basic income, the number of burglaries should go down.
Burglaries are expensive. They cost the victim, their family, and the economy time and money. Apart from direct damage and/or loss of property, there’s time off work, maybe physical and mental health implications, etc. So straight away the night a burglary happens it is costly.
The supermarket donates the food, pays low wages, and their staff then eats the donated food. Why not just pay them more?
Then there’s the investigation, the policing, the courts, the judiciary, the sentencing, the jury, and the incarceration. That’s more time off work, more money spent. Then that person leaves incarceration. It's hard for them to get a job and reintegrate back into society, making reoffending more likely. Probation is another expense for the state – monitoring this individual for a year or so isn’t cheap.
So just this one act of burglary comes with a massive cost. Lower the chances of someone committing burglary and you’re potentially standing before an equally massive saving. This is why I do see basic income as a silver bullet. There are so many echo effects.
With basic income we’re taking the end cost of consequences and bringing it to the front of people’s lives as prevention. It would be so revolutionary – we’ve never had policies like this.
BTS: What are the specific challenges of campaigning for UBI in a highly neoliberal context like the US or the UK, and how do you respond to them?
David: There are many, but let’s start by no longer calling it welfare or benefits. Once you etymologically change it in people’s minds you’re no longer dealing with ‘scroungers’, ‘laziness’, and those other identities. I think if we start to call it social security again it will etymologically link to the idea of social – ‘that’s me, I’m part of this’ – security – ‘oh yes, I’m receiving security’. I think that’s the first place to start.
The world’s first food bank opened in 1969 in Phoenix, Arizona as a temporary measure. It’s still open today. What we’re doing in the UK is we’re looking over the pond at what’s happened and thinking: “That’s a good idea actually. We could really solve this problem of food poverty in the UK if we just have what they’ve got.” And so we’ve imported this idea of food banks.
But if food poverty organisations want to really stop food poverty, basic income would close every food bank overnight. People would no longer need a food bank because they’d have an income.
BTS: Where do you see coalitions forming to push for these reforms, or where should they be forming?
David: Charities need to understand that a basic income is the answer they’ve been looking for. I don’t care whether you’re a food poverty charity or an anti-poverty charity. We’ve got so many charities that have existed for 100 years or more in this country, and their position has always been: ‘We are here to end poverty’. But they’ve been doing it for over 100 years.
Andy Fisher wrote a fantastic book called Big Hunger, which looks at the rise of the hunger-industrial complex. We’ve got all these charities that exist to tackle hunger, but they’re also working very closely with organisations that directly enhance food poverty. Supermarkets paying low wages, for instance. Many supermarket employees make use of food charity because they’re on minimum wage, which is being paid by a company that is also involved in donating to food charity. Essentially the supermarket donates the food, pays low wages, and their staff then eats the donated food. Why not just pay them more?
It's contradiction like this that undermine the charities’ mission while also perpetuating their existence – hence the reason for calling it the hunger-industrial complex. If they actually value ending hunger more than their own existence as organisations, they need to find new bedfellows and start advocating for a whole different set of solutions.
That means stop treating the symptoms. We treat the symptom of food poverty by giving out free food. But that doesn’t stop their poverty. It feeds people that day and that day only.
Treat the disease instead. Poverty is the disease, and we’ve got a cure for poverty.
It’s money. Just give it to them.
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$725 Stimulus Checks October 2024 for Everyone: Check Eligibility & Deposit Dates
October 18, 2024 · · Topic: Basic Income · Relevance: not sure$725 Stimulus Checks October 2024 for Everyone: The topic of stimulus checks has been a critical point of conversation across the U.S. in the last few years, especially during the pandemic. Now, with the announcement of the $725 monthly payments under the Sacramento Family First Economic Support Pilot (FFESP), there’s a renewed interest in understanding who qualifies and when these checks will be distributed.
While these payments aren’t federal stimulus checks available to everyone, they target a specific group of people in Sacramento County, California. This program is part of a larger effort to provide guaranteed income to underserved communities, […]
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$725 Stimulus Checks October 2024 for Everyone: The topic of stimulus checks has been a critical point of conversation across the U.S. in the last few years, especially during the pandemic. Now, with the announcement of the $725 monthly payments under the Sacramento Family First Economic Support Pilot (FFESP), there’s a renewed interest in understanding who qualifies and when these checks will be distributed.
While these payments aren’t federal stimulus checks available to everyone, they target a specific group of people in Sacramento County, California. This program is part of a larger effort to provide guaranteed income to underserved communities, particularly focusing on African American and Native American families.
$725 Stimulus Checks October 2024 for Everyone
While the $725 Stimulus Checks are not part of a federal stimulus program, they represent an important shift toward guaranteed income initiatives designed to address long-standing economic disparities. The Sacramento Family First Economic Support Pilot offers a lifeline to many families in need, and programs like it are cropping up in cities across the U.S. By applying for this program or similar initiatives, eligible families can receive direct financial support that will help cover essential expenses and contribute to long-term financial stability.
Key Data | Information |
---|---|
Program Name | Sacramento Family First Economic Support Pilot |
Amount | $725 per month |
Eligibility | Low-income African American and Native American families in Sacramento County |
Deadline for Application | October 13, 2024 |
Deposit Start Date | Rolling basis after approval |
Application Process | Online via official Family First website |
Family First Website | Visit the official site for more information |
What is Guaranteed Income?
Guaranteed income is a policy that provides direct, regular, and unconditional cash payments to individuals or families. Unlike previous federal stimulus programs, guaranteed income isn’t necessarily tied to specific national emergencies like the COVID-19 pandemic but focuses on providing consistent financial support to help people cover basic living costs.
The Sacramento Family First program is a part of this trend, aimed at reducing poverty and addressing systemic inequalities. Unlike federal stimulus checks, which were designed to stimulate economic activity during the pandemic by providing one-time payments to a broad swath of the population, guaranteed income programs like Sacramento’s target specific, often underserved communities.
What is the Sacramento Family First Economic Support Pilot?
The Sacramento Family First Economic Support Pilot is an initiative funded by Sacramento County to provide $725 Stimulus Checks per month to low-income African American and Native American families with children aged five and under. The program is designed to address economic disparities faced by these communities, particularly in designated zip codes within the county.
The program’s goal is to provide families with a safety net that allows them to cover basic needs like housing, food, and child care. By focusing on these vulnerable groups, the initiative aims to reduce long-term poverty and improve the economic well-being of families in Sacramento.
Who Qualifies for the $725 Payments?
To qualify for the Sacramento Family First program, applicants must meet the following criteria:
- Residency: Families must live in specific zip codes within Sacramento County.
- Demographics: The program is available only to African American and Native American families.
- Income Requirements: Families must fall under the county’s low-income threshold.
- Child Age: Eligible families must have at least one child aged five or under who lives with them at least 50% of the time.
These targeted requirements ensure the payments go to families that need them most. Applications for the program close on October 13, 2024.
How to Apply for the $725 Stimulus Checks October 2024: Step-by-Step Guide
- Visit the official website: Go to the Family First Economic Support Pilot Website.
- Check eligibility: Use the website’s tool to determine if you live in one of the eligible zip codes.
- Gather required documents: You’ll need proof of income, residency, and your child’s age.
- Submit application: Fill out the online form with the required documents.
- Wait for confirmation: After submitting the application, you will receive an email confirming your status.
The application process is straightforward, and the website offers support for those who may need help with the online form.
$675 Stimulus Checks Coming in October 2024: Is this for everyone? Check Eligibility & Payment Dates
October $1400 4th Stimulus Checks 2024: Who will get this? Check Eligibility & Payment Dates
$1800 Automatic Stimulus Checks – For SSI, SSDI, VA Benefits & Payment Dates
Other Financial Assistance Programs
While the Sacramento Family First initiative is local, other cities and states are rolling out similar programs. For instance:
- Stockton Economic Empowerment Demonstration (SEED): Stockton, California, piloted a guaranteed income program that provided $500 a month to residents for 18 months.
- Chicago’s Resilient Communities Pilot: Chicago has launched a pilot that gives $500 a month to low-income households.
- Universal Basic Income (UBI) Experiments: States like New York and Mississippi are exploring universal basic income programs that provide regular cash payments without restrictions on usage.
These programs reflect a growing movement across the country to use cash assistance as a tool to reduce inequality and poverty.
Frequently Asked Questions (FAQs)
Q1: Who can apply for the $725 Stimulus Checks monthly payments in Sacramento?
- Only African American and Native American families residing in specific zip codes in Sacramento County qualify. Families must also meet income requirements and have children aged five or under.
Q2: When do the $725 payments start?
- Payments will be issued on a rolling basis after approval. If you apply by October 13, 2024, you can expect the first payment soon after verification.
Q3: How does this program compare to federal stimulus checks?
- Unlike federal stimulus checks, which were issued nationwide in response to the pandemic, this program is local and targeted. The payments are also monthly, providing continuous support rather than a one-time payment.
Q4: Are there other similar programs in the U.S.?
- Yes, cities like Stockton and Chicago have launched similar guaranteed income programs to help low-income families.
Q5: How do I know if I’m eligible?
- Check the Family First website to determine if your zip code is eligible. You will also need to provide proof of income and residency.
Priya Sharma is a seasoned journalist and content writer at MPKVKVK Mohol, specializing in breaking news, current events, and in-depth features about India's socio-political landscape. With over 7 years of experience in journalism, Priya is passionate about delivering stories that are both informative and engaging. She holds a degree in Mass Communication and loves exploring the intersection of technology, culture, and global affairs.
“The concept of Universal Basic Income (UBI) has gained renewed interest globally in light of rising unemployment and inequality”. Discuss its potential advantages and challenges in the context of financial constraints and existing welfare schemes.
October 18, 2024 · · Topic: Basic Income · Relevance: not sureTopic: Inclusive Growth and issues arising of it Q5. “The concept of Universal Basic Income (UBI) has gained renewed interest globally in light of rising unemployment and inequality”. Discuss its potential advantages and challenges in the context of financial constraints and existing welfare schemes. (15 M)
Difficulty Level: Medium
Reference: TH Why the Question: The phenomenon of jobless growth, where productivity rises but job creation lags and contributes to the alarming trend in inequality, has rekindled interest in a UBI as a component of a social safety net across the world. Key Demand of the Question: Discuss […]
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Topic: Inclusive Growth and issues arising of it
Q5. “The concept of Universal Basic Income (UBI) has gained renewed interest globally in light of rising unemployment and inequality”. Discuss its potential advantages and challenges in the context of financial constraints and existing welfare schemes. (15 M)
Difficulty Level: Medium
Reference: TH
Why the Question:
The phenomenon of jobless growth, where productivity rises but job creation lags and contributes to the alarming trend in inequality, has rekindled interest in a UBI as a component of a social safety net across the world.
Key Demand of the Question:
Discuss the potential advantages of UBI, such as poverty alleviation and social security. Analyze the challenges of implementing UBI
Structure of the Answer:
Introduction:
Define UBI and briefly mention its growing global relevance due to rising unemployment and inequality.
Body:
- Advantages of UBI:
- Suggest how UBI can provide financial security, reduce poverty, and streamline welfare schemes by cutting administrative costs.
- Point towards its potential to address joblessness and offer a cushion against automation-driven unemployment.
- Challenges of UBI:
- Indicate concerns over financial feasibility, considering India’s fiscal constraints.
- Briefly mention the overlap with existing targeted welfare schemes and the challenge of replacing or integrating them effectively.
Conclusion:
Conclude by stating that while UBI presents a promising approach to social welfare, its implementation must be carefully calibrated to India’s financial realities and existing safety nets.
Topic: Conservation, environmental pollution and degradation
Q6. “The water crisis requires a fundamental rethinking of water governance”. Evaluate the importance of a circular water economy and innovative solutions for addressing global water scarcity. (10 M)
Difficulty Level: Medium
Reference: DTE
Why the Question:
A new report by Global Commission on the Economics of Water highlights the gravity of the issue of water crisis in the coming times.
Key Demand of the Question:
The importance of a circular water economy and how it can mitigate water scarcity. About innovative solutions for sustainable water management.
Structure of the Answer:
Introduction:
Briefly define the water crisis and why traditional water governance models are inadequate.
Body:
- Circular Water Economy:
- Suggest how recycling, reusing, and efficient use of water can reduce dependency on freshwater sources and prevent wastage.
- Indicate the role of closed-loop systems in urban and industrial contexts.
- Innovative Solutions:
- Mention potential technological innovations (e.g., wastewater treatment, desalination) and nature-based solutions (e.g., green water conservation).
- Suggest how these innovations can complement the circular water economy to address water scarcity.
Conclusion:
Summarize the need for rethinking water governance globally and highlight the role of international cooperation and policy reforms to implement circular water systems and innovative solutions effectively
Earn a $75k GUARANTEED Income with Just 5-10 Days Month – Proven for 8+ Years
October 17, 2024 · · Topic: Basic Income · Relevance: bad
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Summary
We looking for 2 people to join as a TEAM that can go to events, and work hard and be your OWN BOSS! True Work Life Balance. Normally weekend work. Events can be $1,000 to over $10,000+ PER DAY!
Royalties
$0 pw
Rent
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Marketing Fees
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Seize local markets and expand across state events! Operate locally in bustling markets, major events, or journey through regional gems for fun and profit. Your Beef Jerky empire awaits—huge earning potential at every turn. Don't miss out!
About the Opportunity
2 People Business:
1 Person for Smaller $1,000 to $5,000 (PER DAY) markets or events.
2 Person for Larger $5,000 to $30,000+ (PER EVENT) 1, 2 or 3 day events.
Events are normally Fri, Sat, Sun but can be mid week also.
BUSY / HARD WORK that converts to HUGE pay day events!
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Marketing support
All the support you need, Online socials and more. Including SMS to past event customers.
Training provided
We have all your training covered. Easy systems and processes to get you going right away.
Skills
Minimal skills are needed, everything you need will be part of the training.
Length of Agreement
Ongoing, no extra or month yearly charges, its a once off cost to setup only.
Year Business Established
2015
Year Licensing / Distribution Commenced
2018
History
With a 8-year legacy of growth, our reseller network is the backbone of our success, flourishing under dedicated support and training. Seeking local and traveling resellers poised to capture bustling events, we promise a partnership akin to family, where success is shared and celebrated. Embrace our thriving Beef Jerky business, leverage our established model, and help write the next chapter of our storied history. Join us and turn your entrepreneurial dreams into a reality with a proven market leader.
Awards
Lots of Rewards for our HOT Jerky and our famous Smokie Dokie, Garlic, Yum Rum, Bourbon and more. We have 12 constant flavours and over 15+ we can make.
South Korea’s next election sets up a classic revenge story
October 17, 2024 · · Topic: Basic Income · Relevance: badLee Jae Myung/Instagram The News
Lee Jae Myung has been through Hell, and now he’s back.
If the next South Korean presidential election were held today, the winner would be clear. Lee, the last election’s runner-up who ran with the center-left Democratic Party, is the early favorite in polling for the next vote in three years’ time. The former governor of Gyeonggi, Lee has garnered a reputation as a progressive in international media for proposals like instituting a universal basic income in his province.In 2022, Lee lost by a razor-thin margin, paving the way for conservatives to return to power. […]
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The News
Lee Jae Myung has been through Hell, and now he’s back.
If the next South Korean presidential election were held today, the winner would be clear. Lee, the last election’s runner-up who ran with the center-left Democratic Party, is the early favorite in polling for the next vote in three years’ time. The former governor of Gyeonggi, Lee has garnered a reputation as a progressive in international media for proposals like instituting a universal basic income in his province.
In 2022, Lee lost by a razor-thin margin, paving the way for conservatives to return to power. The winner, President Yoon Suk Yeol, stood as Lee’s opposite in many ways, with a reputation as a devoted capitalist who has promoted policies like allowing a 120-hour work week.
In office, Yoon has not been popular. The president’s approval ratings have been dismal at times, following public backlash to his conservative economic agenda along with repeated controversies and scandals. Yoon faced criticism over his handling of floods in 2022, and more recently was implicated in a “cover-up” after repeatedly blocking an investigation into the death of a South Korean marine.
Midterm elections held this year were not kind to Yoon’s party. The Democrats secured a thumping win, sending a clear signal of rejection towards the government and kicking off a wave of opposition momentum — that Lee is positioned to lead.
After losing the presidential election, Lee’s troubles didn’t end. Throughout 2023 the former candidate faced corruption allegations that resulted in his own party voting to remove his legal immunity.
Last January, Lee was brutally attacked during a tour of an airport construction site in Busan. The assailant stabbed him in the neck, requiring him to be hospitalized. Later, when asked about his motive, the attempted murderer claimed he was trying to prevent Lee from ever becoming president.
But Lee recovered. In August, he was re-elected as the leader of the Democratic Party in a landslide, becoming the first party leader in over two decades to win a second term. Polls continue to find Lee popular, putting him well ahead of anyone else on a hypothetical ballot.
Brad’s View
There are some parallels between Lee’s rise and electoral dynamics elsewhere. His surge in support reflects a salient political lesson of our age: That defeat is not necessarily the end for candidates. Around the world — including in the United States — election runner-ups can count on anger towards incumbents to lift their fortunes.
Lee still faces legal issues surrounding an alleged North Korean bribery scheme, but voters don’t seem phased. What once looked like a career-ending issue is now background noise.
His tenure as governor might also look a little rosier as voters — similar to other democracies — reconsider things in the light of the chaotic 2020-2022 period that upended normal life everywhere. Recently, Lee has talked about “livelihood-ism,” speaking directly to the issue that has plagued every post-pandemic government around the world: cost of living. Lee seems to have leveled up his proposal for a “universal basic income” to a promise of what he calls a “universal basic society,” which entails “state-funded basic income, basic housing and other living standards.”
South Korea won’t go to vote again until 2027. But right now, there is only one frontrunner.
He wants his revenge.
Room for Disagreement
While Lee is ahead in polls, there are other presidential hopefuls. The most likely challenger to Lee is People Power Party leader Han Dong Hoon, who is also the Minister of Justice.
Han, a prosecutor with a profile somewhat similar to the current president, is nearly 20 points behind in head-to-head matchups, but is aiming to sell himself to the South Korean electorate as a “young… and corruption-busting” leader. Given the length of time until the election, it’s hard to say what could happen.
Grading Argentina, Brazil and South America’s World Cup hopefuls
October 17, 2024 · · Topic: Basic Income · Relevance: badAnother topsy-turvy round of qualifiers in South American qualifying for the FIFA World Cup came to a close this week, taking the race for a place in the finals in 2026 past the halfway stage.
This marathon format, which sees all 10 countries play each other home and away, has proved to be a revolution in the continent’s football since it was introduced in 1996. It’s given the so-called lesser nations the kind of calendar that many take for granted — regular games, guaranteed income, and the chance to invest in good coaches and in the youth setup.
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Another topsy-turvy round of qualifiers in South American qualifying for the FIFA World Cup came to a close this week, taking the race for a place in the finals in 2026 past the halfway stage.
This marathon format, which sees all 10 countries play each other home and away, has proved to be a revolution in the continent's football since it was introduced in 1996. It's given the so-called lesser nations the kind of calendar that many take for granted -- regular games, guaranteed income, and the chance to invest in good coaches and in the youth setup.
The results are clear: Ecuador, who had never been to a World Cup, have now become regular qualifiers; Colombia enjoyed the best World Cup in their history by reaching the quarterfinals in 2014; as have Paraguay and Chile (with the exception of 1962, which they hosted.) Uruguay have returned to the game's top table, while Venezuela are no longer just making up the numbers.
These are mighty achievements. But going into the current campaign, there was a genuine concern, caused by the expansion of the World Cup. Previously, four teams qualified automatically, with the side finishing fifth going into a playoff with a country from another confederation. Now it is six plus one -- so only three nations miss out. The fear was that the 2026 qualifiers would drag on and turn into a long and meaningless parade, with many nations qualifying well before the final rounds.
It has not turned out that way. Ten rounds of the 18 have now been played, and the action has been gripping -- even if a few teams are having problems scoring goals. It remains fiercely competitive, with no such thing as an easy away game.
A nervy 12 months lies ahead for those in the middle of the table, with the last double-header coming in September next year. For those at the top, every match is an opportunity to hone a side in preparation for the tournament.
So who's looking good to be in the United States, Mexico and Canada in 2026, and who has work to do? Here's a quick report card on the 10 teams and their progress, ranked by their position in the table.
Argentina
1st place: 22 points (goal difference, +14)
GRADE: B+
Argentina went into the campaign with a huge advantage. All of the other teams were undercooked -- not one had played a competitive match under their coaches, while Lionel Scaloni's Argentina were battle hardened and coming off the high of winning the 2022 World Cup. It is hardly surprising, then, that they lead the pack, and there has been a feeling throughout it's an extended lap of honour in celebration of their triumph in Qatar -- to which they added the Copa América title in July.
Little has changed in the last two years. Ángel Di María has now retired from the international game, and he will be greatly missed. Nicolás Otamendi, meanwhile, is facing a challenge to his place at centre-back from Manchester United's Lisandro Martínez.
The house is still constructed around Lionel Messi. Will he still be there in 2026? It is an open question, with Scaloni saying that there is a place in the team for him as long as he wants it. With little more than a year and a half to go, it is looking more likely that he will play the next World Cup. That's despite him saying after Tuesday's 6-0 win over Bolivia that he's trying to savour every game because his playing days are almost over.
Three goals and two assists, in his first appearance at home this year, sent a message that he has put his injury problems behind him. It is probably just as well that Scaloni had a chance to look at other options when Messi has been missing. It's also worth bearing in mind the difficulty of the task in front of him. Not since 1962 has a country retained the World Cup, and no team has ever secured it on a different continent. Argentina are ticking over nicely, but will it be good enough for 2026?
Colombia
2nd: 19 (+7)
GRADE: A-
The team that missed out on the Qatar World Cup are already as good as qualified for 2026. They have suffered just one defeat -- everyone else has lost at least twice -- and that came away to Bolivia at extreme altitude. The only other game Colombia have lost under Nestor Lorenzo was the extra-time defeat to Argentina in the final of the Copa América.
Lorenzo is doing a splendid job. He has found a structure in which to house James Rodríguez, who is allowed to roam free, and whose contributions from open play and from set pieces are so important to the side. The James-Luis Díaz partnership is a winner, and the sudden emergence of Jhon Durán looks like the missing piece of the jigsaw.
A lack of goals was the main reason Colombia missed out on Qatar, and it has been a running problem. Durán looks like a superstar in the making, and is impressing off the bench for Aston Villa, giving a cutting edge to a Colombia team that are physically strong and well-drilled. Lorenzo is also bristling with interesting options off the bench.
Colombia have earned the right to dream of not only returning to the World Cup in 2026, but of being one of the tournament dark horses.
Uruguay
3rd: 16 (+7)
GRADE: C
At the end of last year, manager Marcelo Bielsa and Uruguay looked like the perfect marriage. Back in 2007, Bielsa took charge of Chile when they had an excellent generation coming through, and this job seemed similar. There was a need for renewal, and the resources to carry it out, with plenty of quality players who appeared suited to the coach's trademark high-energy style. And late in 2023, Uruguay beat both Brazil and Argentina with some authority, and were by some distance the top scorers on the continent.
They started the Copa América like a train, which then got derailed. Since the Copa they have not managed a goal in four rounds. Former player Luis Suárez made it clear that relations are not good inside the camp, with Bielsa's aloof nature being alienating -- backed up by some of the current players. It would seem that the time spent together during the Copa put a strain on relations, and it may be that the always eccentric Bielsa has reached an age where it is more difficult for him to relate to the players.
Bielsa has also had to put up with suspensions and injuries, and the loss of Barcelona defender Ronald Araújo to a long-term injury seems especially significant. Uruguay's fortunes changed for the worse the moment, half an hour into the Copa quarterfinal against Brazil, that Araújo limped off. His front-foot, quick and aggressive defending allows Uruguay to win the ball higher up the pitch, making it easier for the wingers and strikers. In the subsequent matches (more than 6½) Uruguay have only scored against Canada. Bielsa will hope to have Araujo back for crunch games next month against Colombia and Brazil, matches which will define the rest of the campaign.
Brazil
4th: 16 (+6)
GRADE: C-
Brazil were helped enormously by facing the two weakest teams -- Peru and Chile -- this month, giving them six points which have seen them climb up the table, boost morale and raise their grade. Up to that point they had been in shambles, and there is plenty of work ahead if they are to live up to the promise of coach Dorival Junior that they will reach the World Cup final.
Last year's coach was Fernando Diniz, ostensibly a stand-in while they waited for Carlo Ancelotti. The wait was in vain as Ancelotti committed to Real Madrid, and Diniz was a disaster -- his unorthodox methods required time on the training ground that is not available to an international coach.
Dorival Junior has been more steady since taking over in January, but in the crunch games his team still seem to be operating well short of their potential. Most countries would love to have Brazil's goalkeepers, centre-backs and wingers.
Midfield, though, is proving a problem, with the team struggling for fluency against opponents able to put them under pressure. There are hopes that the interesting Igor Jesus of Botafogo -- a relatively unknown figure playing the United Arab Emirates until just a few months back -- might be the solution at centre-forward, and much will be expected from the return of Neymar.
October's victories should have removed any doubts that Brazil will qualify. The task now, and it is a big one, is to build a side capable of bringing to an end the 24-year wait for world title No. 6.
Ecuador
5th: 13 (+2)
GRADE: B
Ecuador went into the campaign under Spanish coach Felix Sanchez, who had been in charge of Qatar at the last World Cup. The public never took to him, and he was sacked immediately after coming close to eliminating Argentina in the Copa América. His replacement, Sebastian Beccacece from Argentina, is now dealing with the same problems that made life hard for Sanchez.
Ecuador have an excellent group of young centre-backs and a fine midfielder in Chelsea's Moisés Caicedo. But the team have been too dependent for goals on Enner Valencia, who turns 35 in a few weeks and has been over-played in the last couple of years. There is a dearth of good young strikers -- a total of six goals in 10 qualifiers speaks for itself -- although Ecuador have conceded just four, and their only defeats have been single goal losses away to Argentina and Brazil.
They are carrying a three-point penalty -- the result of fielding a player, Byron Castillo, in the last campaign whose eligibility was questioned. Ecuador are not easy opponents for anyone, but unless they can score more goals, they could spend the rest of the campaign concerned about the consequences of that deduction.
Paraguay
6th: 13 (0)
GRADE: B-
Absent from the World Cup since their memorable quarterfinal against Spain in 2010, at one point Paraguay seemed to have no chance of making it to 2026. The mood has changed, though, since bringing in Argentina's Gustavo Alfaro, their third coach of the campaign, after the Copa América.
Alfaro did a splendid job taking Ecuador to the last World Cup. At his best with counter-attacking sides, he has quickly tightened up the defence. In the four games under his command, Paraguay have only conceded one goal. More importantly, they have picked up points -- two home wins and two away draws -- which have carried the side into the qualification positions.
Four goals in 10 games is a very poor return, and Paraguay have yet to find the net in an away game. But if Alfaro can get the best out of the speed of his Premier League trio of Julio Enciso (Brighton & Hove Albion), Miguel Almirón (Newcastle United) and Ramón Sosa (Nottingham Forest) then Paraguay could be back at the World Cup for the first time in 16 years.
Bolivia
7th: 12 (-10)
GRADE: B
Losing 6-0 to Argentina on Tuesday was cruel -- but the stadium back in Bolivia will almost certainly be full for the next home game, with the crowd believing that their team are on their way back to the World Cup for the first time since 1994.
Bolivia always looked likely beneficiaries of the World Cup expansion, since they usually pick up plenty of points in front of their own fans at the extreme altitude of La Paz. They got off to a disastrous start, but things have improved under Oscar Villegas, their third coach of the campaign. Part of this involves pushing home advantage as far as it will go -- even swapping their traditional home stadium for a new one even higher up the Andes. At over 4,000 metres above sea level, this makes things very tough for unacclimatised visitors.
Within a run of three straight wins -- all of them featuring goals by the 20-year-old Santos forward Miguel Terceros -- they registered their first away victory in World Cup qualification for 31 years. That historic 2-1 win in Chile raises their grade and it effectively means that, however heavy the defeat to Argentina, winning their remaining home matches should get Bolivia over the line.
Venezuela
8th: 11 (-2)
GRADE: B-
Chasing the dream of a World Cup debut, Venezuela are in for a fraught few months, with one hand on the calculator and the other on the phone number of the cardiologist. Once the whipping boys of South American football, this Venezuela team are now certainly competitive -- they even got a draw away to Brazil.
But there have been lots of draws, four in their last six matches, and no wins in that period -- slipping from fourth in the table to their current position, outside the qualification slots. Venezuela are inching their way towards the World Cup a point at a time, but they are vulnerable to the rise of Bolivia and Paraguay.
The big questions will now be posed. The team is dependent for goals on centre-forward Salomón Rondón of Pachuca. Is he now on the downward slope at the age of 35? Can coach Fernando Batista and his men keep their nerve under pressure? It is Venezuela's home record in Maturin which is keeping them in the hunt. Next month's match at home to Brazil is going to be huge.
Peru
9th: 6 (-11)
GRADE: E
There was an interlude under Ricardo Gareca between 2016 and 2021 when Peru found a groove, making it to one World Cup and falling just short of another. Since Gareca left, they have reverted to what they were for years before -- a fragile side unable to pick up points away from home. Gareca did remarkably well to get a song out of a group of players with little top-class talent. Subsequent coaches -- Uruguay's Jorge Fossati being the latest -- have been unable to replicate that success.
Fossati appears to be aiming for little more than solidity, and something more bold is now required. Peru have not even managed a goal away from home, and though they can build up a head of steam in Lima, they have only managed one win. Getting in contention for a World Cup place would probably need five wins from their last eight games, which would seem well beyond them.
Chile
10th: 5 (-13)
GRADE: F
Winning the 2016 Copa América in the United States is probably the greatest moment in Chile's footballing history. A decade on, they would seem to have no chance of going back to the scene of that triumph for the World Cup. Indeed, they have not made it to a World Cup since 2014. The problem of replacing a golden generation has proven insurmountable.
This year Chile turned to Ricardo Gareca to turn the ship round. Early friendlies raised hopes that he might be able to reproduce the success he enjoyed with Peru. But then Chile were bundled out of the Copa América without scoring a single goal, and since then there have been four consecutive defeats in World Cup qualification, including a disastrous loss at home to Bolivia. The campaign, then, has become an unmitigated disaster, and it's not clear where Chile go from here.
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