Tag: basic income

Universal Basic Income Is Core Concept of The Post- Industrial State DECEMBER 22 2016 AT302 PM Technocracy News Jason Karaian As technology displaces human employment a universalbasicincome will replace all forms of welfare and unemployment benefits This is also a key concept in historic Technocracy where energy credits would be distributed equally to all citizens There are very few policy ideas that attract support from all sides of the political spectrum these days Universal basic income is one of them The idea of replacing existing welfare systems by giving everyone unconditional cash payments—regardless of income work status or anything […]

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From Peter Diamandis at Pulse ,

… the most compelling study demonstrating how universal basic income could work comes from a small town in Canada.

From 1974 to 1979, the Canadian government partnered with the province of Manitoba to run an experiment on the idea of providing a minimum income to residents called MINCOME.MINCOME was a guaranteed annual income offered to every eligible family in Dauphin, a prairie town of about 10,000, and smaller numbers of residents in Winnipeg and some rural communities throughout the province.So what happened to families receiving MINCOME? They had fewer hospitalizations They had fewer accidents and […]

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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 (£480) 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 work. It suspects many unemployed people are put off getting […]

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“Quatinga Velho, the lifetime Basic Income”

The nonprofit organization ReCivitas distributed a basic income to residents of the Brazilian village Quatinga Velho from 2008 to 2014. In January 2016, ReCivitas launched a new initiative, Basic Income Startup, which aspires to resume the Quatinga Velho basic income payments and make them lifelong .

A new initiative, the Basic Income Projects Network, aims to bring together other nongovernmental organizations that wish to start their own privately-funded basic income pilots. Marcus Brancaglione, president of ReCivitas, writes this update: The ReCivitas Institute is an NGO founded in 2006 that works to […]

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Catherine Clifford, senior entrepreneurship writer at CNBC, wrote the CNBC article announcing Elon Musk’s prediction that automation would make universal basic income (UBI) necessary. In a subsequent article, titled “Elon Musk says robots will push us to a universal basic income—here’s how it would work,” Clifford

In the article, Clifford portrays the automation of jobs as the main motivation for UBI, continuing to highlight Elon Musk’s remark that he’s “not sure what else one would do” but implement such a policy. (This focus on automation as the sole or main motivator is arguably misleading; many historically important arguments for UBI […]

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Social Security Administration of Finland announced an experiment on unconditional basic income starting from January 1, 2017.

The organizers chose 2 thousand men by random-sampling algorithm. They will be receiving an unconditional basic income of 560 euros per month from January 9, 2017 and in the next two years. The participants will not be receiving unemployment benefits during this term.

One of the experiment’s purposes is to find out whether unconditional income of € 560 will motivate people to find a job, including the low-paid. As reported, the payments will be terminated if a participant starts to receive allowance […]

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Finland is to introduce a basic income for some citizens from next month, becoming the one of the first countries to adopt the policy.

Two thousand unemployed people will be given €560 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 work. It suspects many unemployed people are put […]

Full Post at news.ofthe.eu

Photo via Public Domain

Universal Basic Income (UBI) is the idea that all citizens of a country should regularly receive an unconditional sum of money in order to pay for basic living necessities. In practice, UBI would replace the current welfare system and it’s numerous existing programs as a more transparent, efficient, and affordable alternative. UBI would ultimately eradicate poverty and prepare us for the future economy that is rapidly changing due to technological process and automation . Let’s take a closer look on how UBI could work in the American economy.

In America, the poverty line for a single […]

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An idea gaining traction in various part of the world is that everyone in society should receive an amount of money from the state to cover their basic cost of living. People would no longer be stigmatised on benefits, argue supporters.

Dependent women would become financially independent. People would be freed to care for the elderly, crime would fall and the general health of the population would improve. Particularly in an era of fears about future mass unemployment caused by automation, there is a growing feeling that this citizens’ basic income is an idea that’s time has come.

Experiments are either […]

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