Tag: basic income

UBI for PEI

The government of Prince Edward Island (PEI) has taken a major step forward toward the implementation of a universal basic income (UBI) for citizens of the small Canadian province as state legislature has approved the proposed initiative .

The four political party leaders in PEI unanimously supported the decision to work with the country’s government to establish a hopefully successful pilot program that could lower poverty, improve health, reduce crime, and raise education levels. Successfully passing the legislation is just the beginning, however. They now have to bring the system to reality and successfully implement it.Despite […]

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Campaigners for a Universal Basic Income or Citizen’s Basic Income are calling for the state to give everyone, including rich and poor, earners and non-earners, adults and children, a uniform sum of money each week. It is a simple idea that has wide appeal, not least to those concerned about the impact of automation on jobs and the misery caused to people who must prove their incapacity to work to qualify for income support.

Like most ‘silver bullet’ solutions, its apparent simplicity belies its many contradictions and dangers. Here are some reasons why it is not a good idea.

1. […]

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Here’s a startling prediction: if current labor trends continue, one out of three American men, ages 25-54, will be out of work by mid-century.That’s what former U.S. Treasury Secretary Lawrence Summers expects. “Job destruction caused by technology is not a futuristic concern,” Summers wrote this fall. “It is something we have been living with for two generations.”Contract jobs, gig work and robots have all made work more precarious. Silicon Valley pioneered many of the changes, and now some tech entrepreneurs believe they have a solution to the economic anxiety they’ve helped create.Put bluntly, it’s free […]

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The four political party leaders in PEI unanimously supported the decision to establish a program that would guarantee all citizens a basic income.

A UBI could potentially decrease poverty, improve health, reduce crime, and raise education levels at a time when increased job loss is imminent due to advances in technology.

UBI for PEI The government of Prince Edward Island (PEI) has taken a major step forward toward the implementation of a universal basic income (UBI) for citizens of the small Canadian province as state legislature has approved the proposed initiative .The four political party leaders in PEI […]

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As the populous province of Ontario gears up to test the idea of a universal basic income—basically, free money for being a living human being —another, much smaller Canadian province is standing up and bravely saying, “ Me, too! ”

On Tuesday night, the Legislative Assembly of Prince Edward Island, or PEI, passed a motion urging the provincial government to forge a partnership with Ottawa to establish a basic income trial on the island of 147,000 people , which is on Canada’s Atlantic coast. According to the language of the motion , this is because the Members of Provincial Parliament […]

Full Post at motherboard.vice.com

I am solely just a little bit embarrassed once I stumble throughout mental interest horses it appears everybody else is speaking about. I am a busy man, and proof on the contrary, I do not spend all my time considering or studying about weighty issues.

I used to be perplexed, then, at Fortune ‘s lately concluded convention in Rome when multiple brainy participant made figuring out references to "common primary revenue." In case, like me, you are not acquainted with it, UBI is a flat cost to a whole inhabitants. The rationale is twofold. First, paying everybody a sure sum […]

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A mural on the wall of a public high school in West Oakland conveys the message "Knowledge is Power."

There’s a lot of talk in Silicon Valley about “basic income,” giving everyone a fixed amount of money to meet basic needs. In a world of precarious work – gig work, part-time and on-demand employment – the idea of a guaranteed minimum income is attracting attention. The tech startup incubator Y Combinator , based in Mountain View, California, is funding a basic income test in Oakland, where the gap between technology haves and have-nots is increasingly visible.

In this once-working […]

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During the last years, a growing group of activists, scholars and organisations has been calling for the so-called “basic income”. It pops up almost everywhere now: in news broadcasts, newspaper articles and in countless online endorsements of a nearly evangelical nature.

However, it’s time for a healthy, well-founded counter argument that answers to some of the serious flaws of the idea of a basic income.

The appeal of a basic income is very understandable. The idea is intuitive, practical, and it appears to be free from complex ideological discussions. Moreover, the arguments that are used are simple to understand and are […]

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There’s been a lot of talk recently about the pros and cons of a universal basic income.

There’s also been a lot of talk about how expensive this would be.

But, from my quick analysis, I actually think quite a few major cities could institute a child based basic income utilizing only existing tax revenues. I. Numerous big cities spend over $20,000 per student Getting accurate city per-pupil spending amounts can be a near impossible task, but nearly all sources I reviewed showed that Washington D.C ., Newark , and New York City spend at least ~$18K a student. I think […]

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