Tag: basic income

Andrew Yang, an entrepreneur and presidential candidate, is testing out a universal basic income program with his own money. (Photo by Nanette Konig, courtesy of Friends of Andrew Yang) Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News . Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

A universal basic income, […]

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Andrew Yang, an entrepreneur and presidential candidate, is testing out a universal basic income program with his own money. (Photo by Nanette Konig, courtesy of Friends of Andrew Yang) Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test that universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News . Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

A universal basic income, […]

Full Post at www.mercurynews.com

Universal basic income — the idea of giving everybody money — has been gaining momentum in policy circles lately. Finland just wrapped up a trial, and India might adopt a nationwide program. Proponents are hoping that the US, as it grapples with mounting inequality, will figure out how to offer a UBI here.

But a new National Bureau of Economic Research (NBER) working paper by Hilary Hoynes and Jesse Rothstein dumps some cold water on UBI enthusiasm. In their paper, the economists argue that a developed-world UBI is more distant than we realize, and that pilot programs aren’t going to […]

Full Post at theworldnews.net

Credit: phuongphoto/Deposit Photos. This is the third part in a series on the Universal Basic Income. Read part one Explained: What is Universal Basic Income? , and part two UBI explained: Is a minimum wage programme better than Universal Basic Income?

In our previous discussions, we saw how UBI is a useful tool in the battle against poverty in Part 1 , and how it is a better solution than the current schemes including Minimum Wages Act and NREGA in Part 2 . We will now look at some practical questions about how a radical scheme like UBI can […]

Full Post at qrius.com

My recent difficult experiences and observations of the terrible plights of far too many people who have been made homeless, impoverished, and/or crushed by debt has made one thing abundantly clear. Imposing and enforcing the primacy of money, debt, the very wealthy, and those who rule through control of money, is wholly unconstitutional on several points. Allowing our nation to be used as the instrument to impose similar on other nation’s peoples is likewise grossly immoral. My discussions from the point of view of a US citizen should also be understood as the basis for supporting the international establishment […]

Full Post at forgingnewparadigms.blogspot.com

Cash support can become an excuse for the State to wash its hands of the poor by giving them every year a certain sum of cash whose real value cannot be guaranteed and would dwindle over time, instead of adopting measures for building up a welfare state With Rahul Gandhi’s announcement of the Congress’s “historic decision” to adopt an income guarantee scheme, the idea of a universal basic income, mooted in the Economic Survey two years ago, has suddenly got a fillip. It appears attractive at first sight: its universality avoids the discrimination, exclusion and jockeying that typically accompanies […]

Full Post at www.telegraphindia.com

To most, a Marxian society and a society where everyone receives an annual income from the government do not sound too different. However, the second could exist in a world radically different than a Marxian one; it could exist in our world. In fact, this idea has gained momentum even within conservative and libertarian circles. But, how could an anti-big-government individual unironically believe in a Universal Basic Income?

To begin, conservatives do not disagree with the notion of aiding the low-income; after all, proof of a poverty trap in the United States is undeniable. Additionally, the advent of automation has […]

Full Post at ndsmcobserver.com

FILE – In this Saturday, July 29, 2017 file photo, Finland’s flag flies aboard the Finnish icebreaker MSV Nordica as it arrives into Nuuk, Greenland. A nationwide experiment with basic income in Finland has not increased employment among those participating during the first half of the two-year trial, but their general well-being seems to have increased, a report said Friday Feb. 8, 2019. (AP Photo/David Goldman, file) David Goldman Finland just concluded a two-year experiment with universal basic income, an idea promoted by prominent figures on the right and left in U.S. politics as one answer to rising automation […]

Full Post at www.postandcourier.com

If one reads a lot, often seemingly disparate stories come together to suggest a future-focused theme. Take stories about the impact of artificial intelligence, robots, technology, a progressive push for universal basic income, and Lewy body dementia (LBD).

A story in the Atlanta-Journal Constitution, 2/3/19, spotlighted Lewy body dementia, a dreadful “disease that can look like Alzheimer’s or Parkinson’s.”

Luminaries such as Ted Turner, Robin Williams, and former Georgia governor Zell Miller, either died from the degenerative infirmity or are fighting it.The survival rate for LBD averages 7.3 years, Alzheimer’s, 8.5 years. Memory loss with Alzheimer’s declines consistently over time, but […]

Full Post at www.thecrier.net

Finland’s two-year experiment with a state-sponsored universal basic income (UBI) has so far revealed that people receiving the benefit are no more likely to find work than if they were receiving traditional unemployment benefits. However, their sense of well-being increased.

Ugo Colombino writes for IZA World of Labor that “High unemployment and job insecurity are in part a consequence of the Great Recession following the economic and financial crisis of 2008–2009. More fundamentally, however, they are a byproduct of automation and globalization.”

He notes that “[c]urrent social policies may not be adequate for achieving the goals of redistributing the gains […]

Full Post at wol.iza.org