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Life is not a level playing field. From our birth to our death, each of our journeys is never quite the same. Nature and Nurture play a fundamental role in our lives. From our birth place to our caregivers, our physical and mental genetic make-up and the lottery which we call life.

If we were robots, like the automation of our modern workforce, then there would be no disparity but we are not. Our current system of capitalism is failing to trickle down, as intended, as those at the top become greedy without scrutiny. The results are the most vulnerable […]

Full Post at www.compassonline.org.uk

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Fudge: Misdirected Anger At Obama Led To Trump’s Win 5472456 BALTIMORE â Democratic Ohio Rep. Marcia Fudge alleged that fear-mongering, not President Donald Trumpâs economic message won him the election. Fudge said Democrats have been losing blue-collar voters over time and Trump managed to tap into their anxieties, which she feels gave him an edge with that demographic. âWhat Donald Trump did was address them at a very different, and emotional, a racial level, a fear level an anger level,â she told reporters at the Democratic policy retreat Thursday. âHe didnât win to because he had an […]

Full Post at www.worldheadlines.info

EBay founder and chairman Pierre Omidyar invested $493,000 to the charity GiveDirectly in Kenya. This is an experiment to test an upcoming solution for the poverty known as the primary income. (Photo : Academy of Achievement/YouTube) Pierre Omidyar, founder and chairman of eBay, is up on his biggest effort by far with the charity GiveDirectly. As of now, GiveDirectly is operating a small service in just a few Kenyan villages. However, once this experiment launches after a few months, it will be the biggest basic income research. And because of this, more than 26,000 people will receive free money […]

Full Post at www.itechpost.com

Referring to the theme of the event ‘India Transforming through Redical Reforms’ Arun Jaitley said that the biggest reform that India need today is that people must pay tax. (PTI) Extolling virtues of the Universal Basic Income, Finance Minister Arun Jaitley on Friday said that at least one state is willing to take a plunge and launch a pilot on the scheme, proposed by the Economic Survey. “UBI is an idea worth considering. Today I had the first finance minister of a state meeting me to say that my state is willing to take a plunge as a pilot […]

Full Post at www.financialexpress.com

LONDON — Finland’s experiment with a universal basic income is unworkable and unaffordable, according to the country’s biggest trade union.

Since January, Finland’s government has paid a group of 2,000 unemployed Finns aged between 25 and 58 with a monthly stipend of £480 ($600), as it considers a radical new welfare system.

“We think it takes social policy in the wrong direction,” Ilkka Kaukoranta, chief economist of trade union group SAK told Bloomberg . The group has one million members in a country of 5.4 million people.Advocates say rolling out the system would provide a vital safety net for all citizens […]

Full Post at www.businessinsider.sg

The founder of eBay, Pierre Omidyar, has pledged nearly $500,000 to a program that will provide a basic income to 6,000 people over the next 12 years, according to a recent report by the International Business Times ‘ AJ Dellinger.

The program, which is called GiveDirectly, plans to use the data it collects on the 6,000 people receiving the basic income over the next 12 years to further research into the more widespread viability of a universal basic income (UBI), which is also referred to as a basic income guarantee or several other names from organization to organization and country […]

Full Post at www.inquisitr.com

Given the interest it has generated worldwide, it is certain the idea of Universal Basic Income (UBI) has gained some traction, promising a more practical solution to address poverty and inequality.

UBI assures every person – the employed and unemployed, the rich and poor – a small income to cover basic living costs and no questions asked.

Anthropologist James Ferguson, in his book Give a Man a Fish: Reflections on the New Politics of Distribution , captures it best. As the title of the book suggests, he turns around the compelling Chinese proverb, “Give a man a fish and you feed […]

Full Post at www.newtimes.co.rw

Finance minister Arun Jaitley on Thursday signalled that the government had not ruled out implementation of universal basic income but acknowledged that it could not happen until the existing subsidy regime was overhauled.

Replying to a debate on the budget in the Lok Sabha, Jaitley said the concept of a universal basic income had found mention in the budget speech of Jammu and Kashmir finance minister Haseeb Drabu. The Economic Survey 2016-17 also spoke about universal basic income, saying that the time had come to start a debate on the concept.

Jaitley said that the Economic Survey typically floats ideas for […]

Full Post at paper.livemint.com

Resist Trump Sign: REUTERS/Stephanie Keith Following a devastating election cycle where the American voting public sent a sharp rebuke to the status quo and policies of the Obama Administration, the left is now preparing to push for a universal basic income (UBI).

Left-leaning Americans are largely opposed to President Donald Trump’s cabinet picks, all the way from Attorney General Jeff Sessions to the president’s pick to lead the Department of Labor: fast food executive Andy Puzder. (RELATED: Big Labor Curtails Spending As It Braces For Trump Presidency)

Labor unions have blasted Puzder for past comments about the future of low-wage […]

Full Post at dailycaller.com