Why One Universal Basic Income Advocate Turned His Back on the Movement

Why One Universal Basic Income Advocate Turned His Back on the Movement

The concept of universal basic income, hailed as an economic safety net for people facing an increasingly-automated workplace, could instead be used as a means to supply businesses with a consistent source of consumers, says the author of a new book.

Douglas Rushkoff, digital theorist and author of Team Human , used to advocate for a policy that would provide everyone with a fixed monthly income without means testing . Its proponents claim that it could aid the transition to a world where A.I. takes over more jobs, and a trial in Finland found it reduced participant stress levels.

At a […]

The Stupid Idea That Will Not Die: Universal Basic Income Might Come to Chicago

The Stupid Idea That Will Not Die: Universal Basic Income Might Come to Chicago

A Chicago task force dedicated to studying economic inequality released on Thursday its recommendation to explore a guaranteed income pilot and expand the Earned Income Tax Credit. The recommendations were included in a 50-page report filled with data about stagnant wages and growing income inequality and highlighting personal stories of Chicagoans struggling to make ends meet despite working multiple jobs and sticking to strict budgets. According to the task force, these proposals would put additional money in the pockets of low- and middle-income families to keep them above water financially. Guaranteed income, often called universal basic income, is the […]

Free Money in Finland Fails

Free Money in Finland Fails

Many prominent people, including Elon Musk , have promoted the idea of universal basic income (UBI) – a guaranteed minimum payday, funded by taxpayers, earned simply by breathing. It should not come as a surprise that fiscal conservatives are anything but happy about it, but the proposal has been able to float around in cyberspace as a nice, unproven idea worth trying out – until now. Finland ran a test program with unemployed Finns from 2017 to 2018 to see if universal income could be a solution to the problems facing the welfare state, and the results are now […]

Will ‘basic income’ become the California norm? Stockton starts $500 no-strings payments

Will ‘basic income’ become the California norm? Stockton starts $500 no-strings payments

After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city.

Stockton, once dubbed “ America’s foreclosure capital ,” was the largest city to seek bankruptcy protection before Detroit’s 2013 filing. During the recession, unemployment soared toward 20 percent, and violent crime rose. Today, one in four residents lives below the poverty line , according to the U.S. Census Bureau.

Now, as the city slowly recovers from financial disarray, officials and advocates look to […]

Hackers flock to hunt for cracks in Swiss e-voting system

Hackers flock to hunt for cracks in Swiss e-voting system

GENEVA – Swiss authorities are trumpeting the fact that more than 2,000 would-be hackers from around the world have taken up an invitation to try to find holes in Switzerland’s groundbreaking online voting system — and potentially earn tens of thousands of francs (dollars) if they succeed.

The Federal Chancellery and Swiss regions, known as cantons, expressed satisfaction at the high response barely a week after launching a registration for IT experts to help crack a planned update to Switzerland’s 15-year-old e-voting system. Among countries in Europe, only Estonia has a similar online voting program, a Swiss official said.

As of […]

Jack Mintz: A guaranteed basic income sounds great — until you see the details

Jack Mintz: A guaranteed basic income sounds great — until you see the details

Cash alone isn’t a panacea for helping all low-income families. Facebook’s Mark Zuckerberg along with other captains of Silicon Valley industry have called for a guaranteed basic income to help families once robots and artificial intelligence start throwing scores of workers out of their jobs. Those more familiar with history might advise avoiding such doom and gloom predictions: undoubtedly, technology will displace some jobs, but innovation has always ultimately led to more jobs, not fewer. The bigger problem is trying to shift laid off workers into new occupations rather than leaving them idle and living off a minimum government […]

“Existence Allowance”. For an Unconditional Nativistic Basic Income

How we exist depends, to a significant extent, on ourselves. But that we are is neither a merit of ours nor a mistake we have made. Being intelligent beings more or less free to act as we choose we are able, to a limited degree, to shape and direct the mode of our being: that is to say, to live out, or plan, our lives within that only limitedly elastic framework which is prescribed for us by a birth at some higher or lower point in the social scale – or to transcend all those paths and courses which […]

Court turns down request to overturn Ontario basic income cancellation

Court turns down request to overturn Ontario basic income cancellation

About 4,000 people were getting basic income in Ontario as part of a three-year pilot program. An Ontario court has quashed an attempt at a judicial review into the program’s cancellation. (Humans of Basic Income/Jessie Golem) An Ontario court has dismissed an attempt by basic income recipients to get a judicial review of the program’s cancellation.

A three-judge panel ruled Thursday that the court can’t review a provincial policy decision. So it can’t review the Ontario government’s decision to cancel the project.

"The responsibility for the management of the public funds rests with the government and not the court, as does […]

Why did Finland’s universal basic income test fail?

Why did Finland’s universal basic income test fail?

It was nearly a year ago when the Finnish government announced that it was scrapping its basic income pilot project (SEE: Finland scraps basic income program, Ontario moves ahead with pilot project). It was a sudden move after officials wanted to experiment for a few years.

Everyone was kept in the dark as to what happened, why the universal basic income (UBI) test of giving 600 euros ($700) per month failed, and if it really benefits society as its proponents suggest.

Now we know the results.Finland’s Social Insurance Institution (FSII) published the data of the two-year pilot project. The main discovery […]

Andrew Yang’s UBI Plan is No Breath of Fresh Air

Andrew Yang’s UBI Plan is No Breath of Fresh Air

Glenn Verasco | Thailand

If there’s one welfare state proposition that makes Libertarians reconsider their anti-government position, it might be UBI (Universal Basic Income). The concept of UBI is simple: every person in a given country gets cash from the government every month. Rather than rationing food, energy, or clothes like a purely Socialist society, a nation with UBI allows those on the receiving end to decide which of their needs should be met the same way people who earn their own money do.

Andrew Yang is a businessman running for the Democratic Party’s presidential nomination, and UBI is his […]