‘How can you be proud of a country where people are forced to rely on R350?’ – Mashaba

‘How can you be proud of a country where people are forced to rely on R350?’ – Mashaba

ActionSA president Herman Mashaba addressing thousands of supporters during election manifesto launch on Saturday. Image: Twitter/ActionSA Herman Mashaba said corrupt government officials had enriched themselves with state funds while millions of South Africans continue to live in poverty.

Speaking at the ActionSA manifesto launch on Saturday, in Hammanskraal, Gauteng, the party leader lamented the conduct of the current government.

The party is gearing up to embark on its first rodeo in the national elections next year, after it was founded in 2020. Mashaba addressed thousands of followers in an attempt to garner support for the upcoming political race. ALSO READ: Mashaba’s […]

The first results from the world’s biggest basic income experiment in Kenya are in

Large sections of my brain that could contain useful knowledge are instead filled up with dumb tweets I saw years ago. One of my absolute favorites was someone identifying himself only as “Side Hustle King,” who would ask his followers, “Would you rather get paid $1,000,000 right now or $50 every month for the rest of your life? I’ll take Option B. That’s what passive income is.” To save you some arithmetic: Unless you plan to live at least another 1,667 years (which is what it would take to make $1 million in $50 monthly increments) and do not […]

Social Development returned R4.3 billion of SRD grant to National Treasury

Social Development returned R4.3 billion of SRD grant to National Treasury

The department of social development returned billions of rands to National Treasury. Picture : Motshwari Mofokeng /Independent Newspapers Minister of Social Development Lindiwe Zulu says her department returned R4.3 billion that was allocated for the R350 social relief of distress grant.

Zulu said the R4.3bn was returned to the National Treasury due to the low than expected uptake of the SRD grant.

The grant has been extended several times since it was launched by government three years ago.During the Medium Term Budget Policy Statement Finance Minister Enoch Godongwana announced that the SRD grant will be extended until March 2025.Government […]

Fairer Taxes and Inheritance for All!

A few people own the majority of the wealth, the rest share what remains. Star economist Thomas Piketty wants to change this. He has developed reform proposals that distribute the wealth of our society more fairly and make our lives more democratic. The most important pillars of his reforms are economic co-determination, fairer taxes and a stronger welfare state.

Fairer Taxes and Inheritance for all: The economic Plans of Star Economist Piketty
By Kontrast.at
[This article posted on 11/30/2023 is available on the Internet, https://scoop.me/piketty-economic-plans/?utm_source=mailpoet&utm_medium=email&utm_campaign=newsletter .]Thomas Piketty is probably the best-known economist of our time. In his works, he presents […]

Ulster guaranteed income program said to help

Ulster guaranteed income program said to help

An experimental program that saw 100 Ulster County residents receiving a monthly cash payment has received good marks for having a positive impact. A report on the program was prepared by the University of Pennsylvania’s Center for Guaranteed Income Research. The program was known as Project Resilience. It was a partnership between the Ulster County government, Community Foundations of the Hudson Valley, and Ulster Savings Bank. Funding was from private sources and no taxpayer money was handed out. The program raised more than $2 million in funding so it could provide 100 Ulster County households with monthly cash payments […]

Social Development returned R4.3 billion of SRD grant to National Treasury

Social Development returned R4.3 billion of SRD grant to National Treasury

The department of social development returned billions of rands to National Treasury. Picture : Motshwari Mofokeng /Independent Newspapers Minister of Social Development Lindiwe Zulu says her department returned R4.3 billion that was allocated for the R350 social relief of distress grant.

Zulu said the R4.3bn was returned to the National Treasury due to the low than expected uptake of the SRD grant.

The grant has been extended several times since it was launched by government three years ago.During the Medium Term Budget Policy Statement Finance Minister Enoch Godongwana announced that the SRD grant will be extended until March 2025.Government […]

What are the arguments for and against a universal basic income?

What are the arguments for and against a universal basic income?

Arguments for and against a universal basic income (UBI) have been debated extensively. Proponents argue that UBI provides a one-size-fits-all solution to future challenges and offers economic security and freedom to individuals [1] . They believe that conditionality is not harmful and that means-testing should be avoided to reduce administrative costs [2] . Additionally, UBI is seen as a way to address poverty, inequality, and the changing nature of work [3] . However, critics argue that UBI is costly and inefficient in mitigating the impact of automation [4] . They advocate for the continuation of means-tested welfare systems and […]

The first results from the world’s biggest basic income experiment

The first results from the world’s biggest basic income experiment

People sitting in chairs under a tent listening to people speaking from behind a table. Large sections of my brain that could contain useful knowledge are instead filled up with dumb tweets I saw years ago. One of my absolute favorites was someone identifying himself only as “Side Hustle King,” who would ask his followers, “Would you rather get paid $1,000,000 right now or $50 every month for the rest of your life? I’ll take Option B. That’s what passive income is.”

To save you some arithmetic: Unless you plan to live at least another 1,667 years (which is what […]

Why Narayana Murthy’s 70-Hour Work Week Proposal Is Emblematic of a Deeper Issue

Why Narayana Murthy’s 70-Hour Work Week Proposal Is Emblematic of a Deeper Issue

opinion

Labour

By confining ourselves to the market forces, we narrow our possibilities for measuring value. N.R. Narayana Murthy. Photo: Infosys website Infosys co-founder N.R. Narayana Murthy recently sparked a debate by suggesting that Indian youngsters should work 70 hours a week so the nation could compete with other developed nations. A senior congress MP, Manish Tewari, backed the idea , arguing working long hours should in fact become the norm. Many industrial stalwarts along with Bollywood actors have also lent their support to Murthy’s proposition.Somehow, working long hours is equated with ‘development’. While many experts have already discussed […]

Concord partners with nonprofit for guaranteed income program to help 120 families

Concord partners with nonprofit for guaranteed income program to help 120 families

CONCORD – The nonprofit Monument Impact on Thursday kicked off the city of Concord’s first guaranteed income program called ELEVATE Concord, in partnership with and funded by the city.

Monument Impact, which is based on Concord, selected 120 families living on modest incomes to participate, many of whom are renters of color.

Each family will receive $500 each month in direct, unrestricted cash assistance for one year to help cover necessities like rent, food, utilities and whatever is important to sustain their families and build financial security.The families received their first payment this month. Monument Impact said in a statement that […]