Should Government give everyone free cash?

Should Government give everyone free cash?

Opportunities party promises universal basic income for youth Imagine a world where everyone gets $200 a week from the Government, as a basic income.

You can choose to work your normal job on top of that, and use your $200 to get ahead on your bills or saving.

Or you can rely on that income and cut down on work, perhaps going back to study or putting time into launching your own business.Sound good? It’s the idea behind a Universal Basic Income (UBI) – something that used to be fringe idea but is now creeping into mainstream discussions. READ MORE: * […]

Montana Viewpoint: Money for nothing – it’s not an economic argument

Montana Viewpoint: Money for nothing – it’s not an economic argument

Jim Elliott There is no other nation whose citizens are better equipped to make moral judgments about total strangers than Americans. After all, a good part of the first Europeans here were the Puritans whose religion was based on what one skeptic said was “The haunting fear that someone, somewhere, may be happy.”

So, when it comes to our government helping the poor, we are the experts on who should not be helped. We might categorize them as “those unwilling to work”, or deadbeats, or losers, or whatever, and money from us they shall not get.

But now comes the liberal […]

Finland’s Universal Basic Income Yields Disappointing Returns

Finland’s Universal Basic Income Yields Disappointing Returns

In what must be one of the most unsurprising stories of the day, researchers said that Finland’s trial universal basic income program did not lead to higher employment. Although the program did not lead more people to productive work than traditional social entitlements, participants did report that they were happier and less stressed.

In recent years, the concept of universal basic income (UBI) has become popular among some economists as an alternative to means-tested welfare programs and social safety nets. The idea is that a country would guarantee every citizen a minimum income level without meeting qualifying factors such as […]

Basic income: The idea and Indian experiments

Basic income: The idea and Indian experiments

Illustration: Rohnit Phore Universal Basic Income (UBI) in its pure form implies six essential ingredients. It is universal, individual, cash, monthly, unconditional and lastly it is a right that cannot be withdrawn. As a full-fledged social policy, it has not been implemented anywhere in the world yet. In the last decade, suddenly there has been an explosion of interest in the idea—in the universities, mainstream media and policy corridors. Political philosopher Karl Widerquist of Georgetown University calls the current wave of enthusiasm and activism as the third wave. The first wave was between 1910 and 1940 and the second […]

Universal basic income and the Finnish experiment

Universal basic income and the Finnish experiment

Blog Post

The preliminary results on the Universal Basic Income (UBI) experiment in Finland, and what they mean for the long-standing questions over the potential impact of UBI in developed countries.

“How can sufficient goods be available when anyone can withdraw from work – when people are no longer motivated by the need to earn their own living, or when reliance on the efforts of others makes them lazy? If only you’d been with me in Utopia (…)” Utopia, Thomas More, 1516. The conversation between Rafael Contrasenso and Thomas More has been rehashed this week, following the publication of […]

New research shows some kinds of crime rise after Alaska PFDs are distributed while others decrease

New research shows some kinds of crime rise after Alaska PFDs are distributed while others decrease

Alaska’s annual Permanent Fund dividend might be responsible for lowering some types of crime in Anchorage while boosting others, according to a new study from the University of Alaska Anchorage.

Researchers at UAA’s Institute of Social and Economic Research studied 16 years’ worth of Anchorage police reports and found that crimes related to substance abuse, such as driving under the influence and disorderly conduct, rise by about 14 percent the day after the PFD is paid out, and stay elevated at 10 percent for the next four weeks compared to a normal day.

Meanwhile, property crimes, such as theft, decrease by […]

‘Rs 6,000 Per Year is Just an Election Ploy’: Mandsaur Farmers

‘Rs 6,000 Per Year is Just an Election Ploy’: Mandsaur Farmers

What do the farmers in Mandsaur want? Farm loan waivers? A basic annual income? Or that they be paid the right minimum support price (MSP) for their produce? The Quint ’s ‘Chaupal’ reached Mandsaur to find out the answers to these questions.

Some claimed that the announcement of Rs 6,000 per month by the Modi government in the interim Budget 2019 as an annual help to the farmers is just an election ploy.

Others said while the amount is small, providing an annual help will support the small farmers. “I think it’s a good move to provide a guaranteed income to […]

Weymouth Basic Income Grant(WBIG) is helping business start ups

Weymouth Basic Income Grant(WBIG) is helping business start ups

Jason West and Baron Miles (inset) launched the scheme A new project is being launched today to help Weymouth residents fight poverty by developing their own businesses – the first scheme of its kind in the UK.

Government data recently outed Weymouth & Portland as being among the most deprived areas in the UK, and is officially bottom of the league for social mobility – which is measured by whether people have opportunities to earn a decent wage and achieve career fulfilment.

But now a new project being launched by Weyforward Community Interest Company (CIC) – the Weymouth Basic Income Grant […]

Universal Basic Income has Failed in Theory and in Reality

Universal Basic Income has Failed in Theory and in Reality

This article was featured in our weekly newsletter, the Liberator Online . To receive it in your inbox, sign up here.

Universal Basic Income is economically bankrupt policy. In theory, it spikes price inflation, costs too much and eliminates the incentive to work. A new study from Finland has proven the theory behind this. Finland gave 2,000 unemployed individuals a UBI amounting to $634 per month, and these individuals were no more likely to pursue employment than those who were on the current welfare system. Universal Basic Income Has Destructive Effects

While the study indicates that the unemployed […]

VIDEO: Universal basic income didn’t help people find jobs, Finland says

VIDEO: Universal basic income didn’t help people find jobs, Finland says

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Reported by more than one notable outlet Does not insert opinion or leading words Includes supporting video, direct statements, or photos Click here to read more about our rating system. Medical Alarms Covered By Medicare You May Not Know About Finland’s universal basic income experiment revealed that giving people a universal income didn’t help them get jobs.In an OpEd for […]