India should start with Rs 500 monthly basic income per head: Guy Standing

India should start with Rs 500 monthly basic income per head: Guy Standing

Standing said India could try a basic income support for tribal families, who are the most vulnerable and have one of the lowest incomes in the country

Standing said all the income transfer schemes currently being implemented in the country, be it Odisha’s KALIA or Ryuthu Bandhu of Telangana or the Centre’s own PM-KISAN, have some or the other problem As political parties across the spectrum evaluate various models of guaranteed basic income, renowned British Professorial Associate of Development Studies at the University of London and co-founder of the Basic Income Earth Network, Dr Guy Standing said that India […]

Anyone rethinking lean FIRE due to basic income?

I disagree pretty strongly on automation, actually, and I am also in tech, but also have an interest in economics and the history of economics.

And the history of economics is, among other things, that automation often creates a lot of unexpected jobs.

The Steamroller was expected to put a ton of people out of business. Instead, it made it cheaper to build roads, so far more roads were built and construction didn’t really lose any jobs. And even if it had, the economic benefits of building all those roads aren’t accounted for. Even if 50% of construction jobs disappeared, the […]

The Men’s Magazine(TM): Established 1996

The Men's Magazine(TM): Established 1996

Ironically in 1767, onerous and burdensome legislation affecting the cost of a British shipment of goods To colonial America would have led to two responses. The first response is anger and the second response is the colonial development of home grown industry as to American tea profusion and the production and the organised cultivation of other products. Conflict ensued once the affect of the acts set in and by 1774 there was open conflict. The question that followed was the justice of the system of rule. Could English soldiers kill Americans with immunity? The King’s Men of that era […]

Andrew Yang: Everything you need to know about the 2020 candidate

Andrew Yang: Everything you need to know about the 2020 candidate

Photo: Joshua Lott/AFP/Getty Images Andrew Yang is a former tech executive who founded Venture for America, a nonprofit young entrepreneur fellowship program. His central issue, a proposal for universal basic income, is grounded in the belief that millions of jobs will be wiped away due to automation. Key facts about Andrew Yang:

Current position : n/a

Age : 44 Born : Schenectady, New York Undergraduate : Brown University Date candidacy announced: November 6, 2017 Previous roles: Founder of Venture for America, Manhattan Prep CEO, Stargiving.com VP, corporate attorney at Davis Polk & Wardwell Andrew Yang’s stance on key issues: […]

Excessive imbalances in Italy, risk

Excessive imbalances in Italy, risk

(ANSA) – Brussels, February 27 – Italy still has "excessive" economic imbalances, the European Commission said in its Country Report on Italy Wednesday.
In particular, "the high (public) debt and protracted scant productivity imply risks with a transnational significance, in a context of high levels of NPLs and unemployment," the report said.
"The debt will not fall in the next few years, given that weak macro prospects and the current government budget plans, albeit less expansive than before, imply a deterioration in the primary surplus".
The Commission said that "the 2019 budget includes measures that overturn elements of important […]

Alexandria Ocasio-Cortez fires back after Ivanka Trump knocks universal basic income: ‘I actually worked for tips and hourly wages’

Alexandria Ocasio-Cortez fires back after Ivanka Trump knocks universal basic income: ‘I actually worked for tips and hourly wages’

Rep. Alexandria Ocasio-Cortez (D-N.Y.) took a jab at Ivanka Trump after the senior White House adviser said she does not think most people believe in the congresswoman’s proposal for universal jobs guarantee.

In an interview released Monday by Fox News , Trump was asked about Ocasio-Cortez’s Green New Deal proposal and what she would say to people who are intrigued by the legislation’s universal jobs guarantee. In response, Trump said, “I don’t think most Americans in their heart want to be given something.”

“I’ve spent a lot of time traveling around this country over the last four years,” Trump continued. […]

Towards a sustainable Universal Basic Income: Can PM-KISAN surmount implementation hurdles?

Towards a sustainable Universal Basic Income: Can PM-KISAN surmount implementation hurdles?

By Barendra Kumar Bhoi

In the Economic Survey 2016-17, Arvind Subramanian, the former Chief Economic Adviser, for the first time initiated a debate on Universal Basic Income (UBI) in India. In western countries, UBI is prevalent as existing social security measures are often inadequate to sustain the minimum standard of living by the poor people. In the West, UBI is not a permanent feature of public policy, as young people get jobs, at least in the upswing of the business cycle, while old and disabled manage their affairs with the available social security measures.

While presenting the Interim Budget, the […]

Eyes on Stockton, US economic future at summit

The renowned economist struck up a conversation with the driver. When Mitchell said he was catching a flight to speak at the 30th annual Economic Forecast in Stockton, the driver exclaimed, “Stockton. That’s the place with the guaranteed income.”

Known widely during the recession in the late 2000s as the largest U.S. municipality to go bankrupt in 2012 — only to be usurped by Detroit, Michigan — Stockton apparently now is widely known for the Universal Basic Income experiment, in which 100 residents will be given $500 monthly stipends for 18 months with no strings attached through the Economic Security […]

Ivanka Trump’s Criticism of the Green New Deal’s Job Guarantee Is Misleading

Ivanka Trump’s Criticism of the Green New Deal’s Job Guarantee Is Misleading

Everyone has an opinion on the Green New Deal including first daughter Ivanka Trump . The eldest Trump daughter, who also acts as a White House aide to the president, spoke out against the progressive environmental and economic plan in an interview that aired Monday, February 25. Like her dad often does, though, Trump founded her criticism of this proposed policy on information that doesn’t coincide with reality.

“I think that this idea of a guaranteed minimum [income] is not something most people want,” Trump said in an interview with Fox News’ Steve Hilton , referring to the Green New […]

Yang pitches plan for basic income in ‘Conversation with the Candidate’

Yang pitches plan for basic income in 'Conversation with the Candidate'

MANCHESTER, N.H. —

Democratic presidential candidate Andrew Yang laid out the central themes of his campaign Tuesday in a taping of "Conversation with the Candidate" at WMUR.

Yang took questions from voters and discussed his plan to provide a universal basic income to all Americans. The Freedom Dividend would be $1,000 per month that would replace some of the welfare state."If you opt in, then you are forgoing benefits from some of these other programs," Yang said. "Many of these people would prefer $1,000 a month with no monitoring and no paperwork and that stuff to their current program, so […]