Tag: basic income

Interest grows in ‘universal income’ for all

The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is gaining ground as robots replace human workers.

PARIS — I am, therefore I’m paid.

The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached.In France, two of the seven candidates vying to represent the ruling Socialist Party in this […]

The Dangers Of A “Universal Basic Income”

The Dangers Of A “Universal Basic Income”

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Finland has announced that it is conducting a social policy “experiment” which deserves closer examination. Through 2017 and 2018, Finland will provide a guaranteed basic income of 560 euros to 2,000 randomly selected welfare recipients. This benefit will be subtracted from other, currently existing welfare benefits that participants may be receiving, and, crucially, the payments will continue regardless of any other income that is earned. If a participant of this program finds a job, the government will continue to pay them the 560 euros in addition to any other income.

The Finnish government hopes — and many believe […]

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash to citizens instead

One of the fiercest champions of Universal Basic Income calculated how much we'd all get if QE was paid in cash to citizens instead

Wikimedia Commons DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal Reserve’s $475 billion […]

Funding social security after automation

Funding social security after automation

Finding the money to pay for our social security is becoming more difficult, because paid work is being replaced by robots — the financial foundation of the social security system is crumbling. This is true whether we talk about financing basic income or any other social security system. Increasingly, automation is replacing “productive” jobs. There is still room to create jobs in basic services. However, such jobs do not create enough “added value” to “contribute” to the financing of our social security system. We are happy that these new jobs provide an income to those families. But it is […]

New EU report recommends Universal Basic Income for all 27 member states

New EU report recommends Universal Basic Income for all 27 member states

In a new report , commissioned in 2016 and released earlier this week by the European Union, MEPs have warned that all 27 member states must seriously consider piloting and introducing Universal Basic Income (UBI) schemes that help their societies prepare for a future packed with artificial intelligence (AI), automation and robots. A future that pessimists regard as a jobless one and that optimists regard as a “hybrid” future – where humans and machines increasingly work alongside or compete with each other to fulfil both Blue Collar and White Collar jobs.

The report, which passed by 17 votes to 2, […]

Finland pilots radical basic income idea despite feasibility doubts

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Finland to pay unemployed a SALARY – even AFTER they get a job A person visits an unemployment office in Finland A lucky 2,000 unemployed residents will receive £475 (€560) a month, with no requirement on how the money is spent, as part of a two-year trial. The unemployment experiment could be expanded later to low-income groups such as freelancers, small entrepreneurs and part-time workers. KELA, The Social Insurance Institution of Finland, said the scheme was an attempt to discourage people’s fears “of losing out something” and the payments will continue even after receiving a job. Prof […]

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash handouts to citizens instead

One of the fiercest champions of Universal Basic Income calculated how much we'd all get if QE was paid in cash handouts to citizens instead

Professor Guy Standing Wikimedia Commons DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal […]

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid out as free cash instead

One of the fiercest champions of Universal Basic Income calculated how much we'd all get if QE was paid out as free cash instead

Professor Guy Standing Wikimedia Commons DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal […]

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash handouts to citizens instead

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash handouts to citizens instead

DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal Reserve’s $475 billion in QE […]

Holyrood to look at Universal Basic Income as calls rise to emulate Finland

Holyrood to look at Universal Basic Income as calls rise to emulate Finland

Scottish Parliament to look into feasibility of a universal basic income

A UNIVERSAL BASIC INCOME will be investigating and debated on by politicians in the Scottish Parliament in March this year by the social security committee.

Most of the committee’s work this year will be looking at how to apply the new welfare powers devolved under the terms of the Smith Commission but it will also study the cost and practical ease by which a UBI could be implemented.The news follows the trials of the UBI in Finland, the Canadian province of Ontario and the Dutch cities of Groningen, […]