Labour’s John McDonnell declares he is ‘deeply interested’ in paying every British person a basic income

Labour's John McDonnell declares he is 'deeply interested' in paying every British person a basic income

John McDonnell made the remarks at the World Economic Forum in Davos, Switzerland Labour’s John McDonnell has declared he is "deeply interested in the concept" of paying every British person a basic income.

The Shadow Chancellor made the remarks at the World Economic Forum in Davos, where he gave a speech telling the global elite to be more ethical and pay their taxes.

Universal Basic Income has been backed by millionaire Elon Musk as a way of preventing huge inequality when jobs are taken by robots."We’re considering it, we’ve got a working group," Mr McDonnell said. "And that will bring […]

The Basic Income Experiment will continue for another year – Analysis of the effects will begin in 2019

No half-time analysis of the effects of the Basic Income Experiment will be made, as this could skew the final results. The employment effects across the whole experiment will be available by the end of 2019 or at the beginning of 2020.

The Basic Income Experiment in Finland is now halfway through and it is proceeding according to plan. The 2,000 participants are receiving a EUR 560 monthly basic income payment, which is independent of any other income they may have and not conditional on undertaking an active search for employment.

The experiment was launched in January 2017 and it […]

US: Chris Hughes, co-chair of the Economic Security Project (ESP), favours means tested guaranteed income for working poor over UBI in new book

US: Chris Hughes, co-chair of the Economic Security Project (ESP), favours means tested guaranteed income for working poor over UBI in new book

In a July 2017 televised Town Hall with KCET, Economic Security Project co-chairs Chris Hughes and Natalie Foster were asked about the principles of a Universal Basic Income. Public questions from Facebook were delivered by the moderator, the first common concern of which was: should we “give everybody a Basic Income,” even the lazy and wealthy?

Foster took the question and responded with a “yes,” commenting that a universal policy “had more political resiliency” (programs with universal access would attract more support), and that shifting economic situations for the American middle class suggested that support for everyone was logical. She […]

US Job Growth of Contractors and Freelancers eliminates Job Security, Benefits, Protections!!! Basic Income needs serious discussion.

US Job Growth of Contractors and Freelancers eliminates Job Security, Benefits, Protections!!! Basic Income needs serious discussion.

20 years from now we’ll still be doling out taxpayer money to Foxconn, at time we may need to spend money on never dreamed of education and social structures: Sundararajan says that will ultimately lead to many other changes, from education to social structures and public services. Those looser ties will shift more responsibility to contract workers. They must handle saving for retirement and their health insurance on their own. “But some people, despite their best efforts, just aren’t going to be successful in doing that,” Wheeling’s mayor, Glenn Elliott says. “What’s going to happen to those who fall […]

Universal Basic Income is Communism with English subtitles

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or ? Complain [Music]I’d like to give my thoughts aboutuniversal basic income and why it iscommunism and I giving this debateoccasionally I do a couple videos Idon’t do them often but I do talk abouthow window of welfare state collapsesall these people who are dependent onwelfare gonna be fucked and I getpushback from this from people who arenot surprisingly dependent on welfareand I can’t get people who don’tunderstand the first thing abouteconomics challenging me in my […]

Bulletin Board – News & Notes from Our Community – 01.25.18

Bulletin Board – News & Notes from Our Community – 01.25.18

The Thomas Paine Society presents the Headstrong Evening Club from 7 to 10 pm. Sunday at the Castle Green ‘Headstrong’ History

Thomas Paine Society hosts annual birthday celebration Sunday at Castle Green

The Thomas Paine Society is one of Pasadena’s most unique organizations, staging discussions of major philosophical issues between actors portraying major American icons at the historic Castle Green since 1993. This Sunday, the Society celebrates its 25th anniversary with its latest edition of the “Headstrong Evening Club,” hosting an evening of rousing conversation, great food, libations, and fun while recreating Paine’s favorite 18th Century English haunt, […]

Review: ‘Free Lunch Society’

Review: ‘Free Lunch Society’

The documentary Free Lunch Society makes the concept of a guaranteed, unconditional source of income for everyone on planet Earth sound like a capital idea, but Austrian filmmaker Christian Tod skirts too many potential pitfalls, setbacks, and oversights that could turn such an idea into a reality. It’s a documentary that provides a basic overview of the subject, a laundry list of reasons as to why an unconditional basic income is beneficial to the world economy, plenty of examples of the theory working and in action, a smattering of dissent, and a near total ignoring of the larger social […]

Drilling Down Into the Books for New Oriental Education & Technology Group Inc. (EDU)

It is interesting to note that New Oriental Education & Technology Group Inc. (NYSE:EDU) is active and made a solid movement in the last trading day. Now trading with a market value of 14.33B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Fundamentals That Matter

It’s generally a good idea to start with the […]

The Feminist Case for a Universal Basic Income

The Feminist Case for a Universal Basic Income

The case for a basic income, a policy that would give all citizens cash payments at regular intervals throughout their lives, is gaining traction. Prominent tech entrepreneurs like Elon Musk , academics across the ideological spectrum from Philippe Van Parijs to Charles Murray , labor organizers like Andy Stern , and policymakers such as Michael Tubbs, the 27-year-old mayor of Stockton, California, support basic income policies as a way of reducing poverty and mitigating the negative impact of unemployment due to automation. But they understate the feminist case for giving people cash. Proponents of the UBI would do well […]

UK PM seeks ‘safe and ethical’ artificial intelligence

UK PM seeks ‘safe and ethical’ artificial intelligence

The prime minister says she wants the UK to lead the world in deciding how artificial intelligence can be deployed in a safe and ethical manner.

In a speech at the World Economic Forum in Davos, Theresa May said a new advisory body, previously announced in the Autumn Budget, will co-ordinate efforts with other countries.

In addition, she confirmed that the UK would join the Davos forum’s own council on artificial intelligence.But others may have stronger claims.Earlier this week, Google picked France as the base for a new research centre dedicated to exploring how AI can be applied to health and […]