Tag: basic income

Professor Guy Standing Wikimedia Commons In 2011 Guy Standing, then an economist at the University of Bath, prefaced his new book with a warning.

He described a growing class of "precariat" workers, alienated by a western political agenda which had, since the 1970s, promoted market-led competition above job security. Real wages across the west had stalled for decades and "flexible" work was becoming the norm, leaving many millions around the world in "without an anchor of stability."

This precariat, he said, "are prone to listen to ugly voices, and to use their votes and money to give those voices a political […]

Full Post at www.businessinsider.com

As we’ve reported here , the Finnish government is starting a two-year experiment on a basic income. When the government announced it in last August, a Basic Income News editor conducted a series of interviews in Finland. Summaries of those with the government and a long-term advocate , the Greens , and the Pirates were published here.

This is a longer version of the interview with Tapani Karvinen, who is a politician from the Pirate Party of Finland. He served as the chair of the party between 2014 and 2016. His response to the government’s press release on the experiment […]

Full Post at basicincome.org

business and finance application Finland is embarking on a social experiment by providing 2,000 citizens a guaranteed basic monthly income. Finland is embarking on a two-year social experiment to provide a tax-free €560 ($587) monthly payment to be spent with no imposed restrictions. The 2,000 participants, who were randomly selected on January 1 st , had to already be receiving unemployment benefits or an income subsidy in order to be considered. If successful, the program would potentially be expanded to include other eligible Finnish citizens such as low-income groups consisting of freelancers, small-scale entrepreneurs, and part-time workers.

The government’s rationale […]

Full Post at www.ethnews.com

https://qz.com/876985/finland-hopes-to-dispel-one-of-the-biggest-critiques-of-a-basic-income/ In this trial period, 2,000 people aged 25 to 58 will get the monthly stipend and won’t have to report how they spend it. The trial will determine if basic income can become a “a blueprint for the Finnish social security system,” the Social Insurance Institution of Finland, or Kela, said. The scheme isn’t fully universal. Only people on unemployment benefits will be eligible and they will keep getting the money even if they get a job.

Many people say that a basic income removes the incentive for people to find work, but Finland doesn’t see it that way. […]

Full Post at www.conquerclub.com

The NDA government pitches for a regular state payment to all citizens regardless of their employment status. Photo: Pradeep Gaur/Mint New Delhi: The Narendra Modi-led National Democratic Alliance (NDA) government seems to be considering the idea of a “Universal Basic Income” or a regular state payment to all citizens regardless of their employment status.

According to a report on the Business Insider website, dated 3 January, the move aims to provide a safety net for all citizens and remove inefficient benefit systems currently in place.

The report cites Professor Guy Standing, an economist who co-founded the Europe-based advocacy group Basic Income […]

Full Post at www.livemint.com

Olli Kangas from the Finnish government agency KELA , which is responsible for the country’s social benefits, said the scheme’s idea was to abolish the "disincentive problem" among the unemployed.

Regardless of whether they find employment, decide to invest the money or splurge on a holiday, participants in the experiment will receive the same tax-free money at the beginning of each month.

Finland hopes the experiment would decrease the country’s 213,000 or almost 8.1 percent unemployed citizens out of the 5.5 million total population.Daniel Wallenius, a 27-year-old student from Oulu, believes the basic income is a good initiative and it is […]

Full Post at nflnewsdesk.com

Geneva-based expert Guy Standing hints at such a possibility Guy Standing is working on the scheme globally for the last 30 years In the run-up to the last Lok Sabha polls, Narendra Modi has promised that he would deposit Rs 15 lakh after getting all the stashed black money abroad. Well, that still remains a pipe dream, but it looks like the Centre is planning something similar, albeit on a lower scale.

Taking a leaf out of Finland, the government is reportedly planning to deposit at least Rs 500 — to begin with — in every bank account holder’s account. […]

Full Post at bangaloremirror.indiatimes.com

A man displays 500 Indian rupee notes during a rally organised by India’s main opposition Congress party against the government’s decision to withdraw 500 and 1000 Indian rupee banknotes from circulation, in Ajmer, India, November 24, 2016. Indian laborers work near solar panels at the Gujarat Solar Park at Charanka in Patan district, about 250 kilometers (155 miles) from Ahmadabad, India. (File) The Indian government is preparing a report documenting that a Universal Basic Income (UBI) is "feasible" and "basically the way forward," according to professor Guy Standing, a leading advocate for UBI, and the leader of the Basic […]

Full Post at sputniknews.com

Swarm Redistribution uses transaction-pathways to redistribute wealth, extracts tax on each transaction, and shares it with a swarm of nodes whose branching schemes are connected to the transaction being taxed. This live experiment of Resilience, with Swarm Redistribution built-in to the RES currency, is hosted on a smart-contract on Ethereum .

Ethereum, a blockchain computer and a new type of state-technology, makes it easy to build and deploy smart-contracts, and allows anyone to build decentralized applications which can do what was previously only possible to do with government institutions. Dividend pathways and growing your own taxes

When a transaction of […]

Full Post at blog.p2pfoundation.net