Tag: basic income

Economist Joseph Stiglitz was awarded a Nobel Prize in 2001 for his work on information asymmetries in the market. He was Chair of the Council of Economic Advisers under President Bill Clinton and Chief Economist of the World Bank from 1997 to 2000. And he is a supporter of universal basic income (UBI).

On October 25, 2016, Stiglitz was the featured guest on Vox editor Ezra Klein’s podcast, The Ezra Klein Show. Although the question was not a focal point of the 70 minute interview, Klein did ask Stiglitz whether he favors a UBI in the United States.

The famed economist […]

Full Post at basicincome.org

Your user agent does not support the HTML5 Video element. A group of 2,000 unemployed people in Finland will receive a basic income every month from the state, tax-free and with no strings attached. Proponents hope to prove such schemes boost people’s motivation to find work.

http://www.dw.com/en/finland-to-test-universal-basic-income-for-the-unemployed/a-36928824

Well ..this will be an interesting experiment. I for one hope it will work and will serve as an example for other economies[AH mode] start background music: Dire Straits, money for nothing [/AH mode] 2 people have thanked this post Some snippets from the OP:Did you read the title of the threadFinland […]

Full Post at www.boards.ie

Finland intends to examine whether the implementation of unconditional basic income can simplify the social system of the country and lead to more unemployed to find work. In January, 2000 randomly selected unemployed people will receive rather than their unemployment benefit an amount of 560 EUR per month, without any conditions. The money will not be taxed and will not have any financial penalty if the receivers earn extra cash. This test at national level would make Finland the first country in the world that will pay the unconditional basic income.

The testing group will learn shortly before the New […]

Full Post at www.economicswire.net

[Serious] ELI5: Can someone please explain what the UN resolution was, why Israel responded by cutting off relations with those that voted yes, how Israel views US by abstaining, and what is this evidence Netanyahu says he has that he will only share with Trump?

How large a force is the alt-right? Is media coverage blowing them out of proportion?

If a Senator wins the gubernatorial election for that same state that he represents in the Senate, can he appoint his own replacement? without getting into the question of who is right, why does obama and […]

Full Post at politics-us-news.blogspot.com

While it is virtually impossible to argue with the fact that the advancement of technology has increased comfort, efficiency and lower production costs in the business world, it must be acknowledged that this new automated form of production has come at an immensely hefty price. As more and more businesses are automating much of the process, it has led to the need to cut human labor, leaving many individuals out of work. This means that we can reasonably expect that as technology continues to grow and improve that the economic impact on individuals will also intensify.

One would be hard-pressed […]

Full Post at moneyinc.com

Wednesday, 28 December 2016 Finland is to introduce a basic income for some citizens from next month, becoming the first country to adopt the policy.

Two thousand unemployed people will be given €560 ($600) every month for two years, without any restrictions or conditions attached. Leaders hope the move will improve life quality, reduce unemployment and create jobs.

Recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns. The Finnish government is planning to study whether the policy helps recipients find […]

Full Post at macedoniaonline.eu

It was interesting to see Josh Barro let the election of Donald Trump help him make up his mind against universal basic income. In my case, even the prospect of a Trump presidency was making it clear to me how important the UBI is as a policy. So I thought I’d quickly jot down some reactions to Barro’s piece.

First, like Barro, I think the strength of the UBI is the way it unites Left and Right. It "has become subject of fascination for policy wonks across the ideological spectrum because of the goals it intends to serve: decoupling subsistence […]

Full Post at secondlanguage.blogspot.com

Starting in January, 2,000 unemployed people in Finland will begin receiving 560 euros ($585) every month from the state with no strings attached.

The new scheme, which will make Finland the first country in the world to test a universal basic income at the national level, will be managed by Finland’s Social Insurance Institution, known as Kela.

"We think that this could be a big incentive for people to take on at least part-time work," said Marjukka Turunen, head of Kela’s legal affairs unit. Better off in work Recipients will not pay tax on the basic income, even if they find […]

Full Post at news.ge

Erik Olin Wright – UNESCO
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What should we do when robots take most jobs? (It will happen sooner than think.) Robert Reich explains why a universal basic income may be the answer. ( Inequality Media )

As a hectic year is coming to an end, one concept, the universal basic income (UBI), is spreading and becoming front and center in the public discussion. What if this idea, suggesting a flat income given to every citizen regardless of employment or social status, was part of the solution to today’s inequalities?The idea of an unconditional basic income (UBI) […]

Full Post at pvangels.com