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For many Americans, President Trump’s appeal lies in his radical departure from how traditional politics is done.

For advocates of universal basic income, a form of income distribution that seeks to end poverty by paying everyone a standard salary just for being alive, it might just be the radical change America needs.

Basic income’s biggest selling point — at least in theory — is that it could directly lift people out of poverty.Since people would no longer struggle to cover basic expenses like food, clothes, and home repairs, they’d have more money to stay active members of society, whether they worked […]

Full Post at www.businessinsider.my

What if governments just gave money to people?

That’s the big question that Thomas Weisskopf ​, professor emeritus of economics at the University of Michigan, is asking. Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution. An automated welding arm Weisskopf said in using “basic income grants,” an amount of money would be handed out to every citizen “without any conditions whatsoever.” […]

Full Post at michiganradio.org

Can basic income become a worldwide policy? Moyan Brenn/Flickr, CC BY-SA “Money for nothing” is not just a song from 1985 by Dire Straits but also, it seems, a new wave of policies supporting the government providing an income for citizens, regardless of their economic activity.

Benoît Hamon, the surprise winner of the first round of the socialist primaries in France, is the latest high-profile supporter of the idea. But across the world, experiments in universal basic income are already exploring the option of paying individuals a flat rate of income, unaffected by their participation in the labour market. It […]

Full Post at www.huffingtonpost.com

by Chris Weller on Jan 23, 2017, 2:01 PM Advertisement

For many Americans, President Trump’s appeal lies in his radical departure from how traditional politics is done. For advocates of universal basic income, a form of income distribution that seeks to end poverty by paying everyone a standard salary just for being alive, it might just be the radical change America needs. Basic income’s biggest selling point — at least in theory — is that it could directly lift people out of poverty. Since people would no longer struggle to cover basic expenses like food, clothes, and home […]

Full Post at business-loans-1.blogspot.com

Donald Trump For advocates of universal basic income, a form of income distribution that seeks to end poverty by paying everyone a standard salary just for being alive, it might just be the radical change America needs.

Basic income’s biggest selling point — at least in theory — is that it could directly lift people out of poverty.

Since people would no longer struggle to cover basic expenses like food, clothes, and home repairs, they’d have more money to stay active members of society, whether they worked or not.Now that Trump is president, advocates wonder what kind of administration Trump will […]

Full Post at finance.yahoo.com

Finland has become the first country in Europe to experiment with a universal basic income program. It will include 2,000 unemployed Fins, selected at random, and the rest of the world is waiting to see how it turns out. But whatever the outcome, the fact that it’s taking place should serve as an inspiration for other countries, like the United States, as they try to find policies that meet future challenges , such as job automation , that stand to change the landscape of labor.

The two-year, nationwide experiment is designed to test the effects of a universal basic income […]

Full Post at www.inverse.com

The Economic Survey 2016-17 to be presented on January 31 is expected to assess the costs and benefits of launching a Universal Basic Income (UBI) scheme that seeks to provide a minimum income to citizens. While a pure UBI advocates the government guaranteeing a minimum income level for all citizens, irrespective of their income, India, if it were to go ahead with a scheme on these lines, is more likely to tweak the broader concept to target people facing abject poverty.

The Survey will seek to initiate the debate around this, even though it is unlikely that the budget for […]

Full Post at indianexpress.com