Tag: basic income

The COVID-19 pandemic has torn the veil off what we can now can call a “fiat market. It has stripped away all pretense of a true market. Governments and central banks now create both supply and demand. Bailouts and subsidies are handed down so that zombie corporations can produce on the one hand, while welfare, universal basic income, and other handouts are distributed so that citizens can buy the products. Strictly speaking, this is a type of socialism.

In Europe, the European Central Bank’s (ECB) asset purchase programs currently stands just shy of €3 trillion. That is excluding its newly […]

Full Post at shepherdgazette.com

Rishi Sunak is thought to be considering plans to give all adults £500 and children £250 (Picture: REX/AFP) The Chancellor is considering plans to give all Brits hundreds of pounds in vouchers to spend in businesses hit by the coronavirus crisis, according to reports.

New proposals could see all adults receive £500 and children £250 to use in the most badly impacted sectors of the economy.

The Observer reported that the Treasury is ‘considering’ plans drawn up by the Resolution Foundation, amid the economic fallout from Covid-19 and the lockdown. Chancellor Rishi Sunak is set to outline policies to help […]

Full Post at metro.co.uk

Prime Minister Lee Hsien Loong held a Fullerton lunchtime rally at noon on Monday afternoon (July 6).

Every election, a rally is traditionally held at the square near the Fullerton Hotel. This year, the rally was held virtually.

During the rally, Lee spoke about what the government has done during the Covid-19 pandemic, his own political journey, as well as his views on the opposition. In his speech, PM Lee called for all Singaporeans to help and support him, as he "cannot do it alone".He also made a personal pitch to Singaporeans that he needed to find "the strongest team we […]

Full Post at mothership.sg

A man offers free hugs as thousands of Black Lives Matter protesters leave Riverfront Park on their way to march across the Monroe Street Bridge in downtown Spokane, Washington, June 7, 2020.

The Open Mind explores the world of ideas across politics, media, science, technology, and the arts. The American Prospect is republishing this edited excerpt.

Heffner: We seem to be living through a dystopia for realists now with the Iran-U.S. confrontation, the global pandemic, and now worldwide protests. Is that a fair way to look at it, or are we going to come out of the dystopia […]

Full Post at prospect.org

Phillip H. Perez Founder & CEO of BarterUnit LLC has developed a privatized digital currency – called the Barter Unit. The Barter Unit is designed to be the closest digital equivalent to physical cash without the excessive bureaucratic constraints. The new economic experiment is expected to combat a broken and disproportionate economy and empower the economically marginalized by creating and distributing an alternative digital currency.

Q: Phillip, do you truly believe in a Universal Basic Income program, and why do you believe in Basic Income?

A: “Well as you all know I’m an advocate for Universal Basic Income. […]

Full Post at www.apstersmedia.com

New Delhi: Income tax return filing deadline has been extended to November 30, 2020. Taxpayers who fail to submit their return in due time will be required to pay a penalty for late filing. Taxpayers filing returns for the financial year 2019-20 and the assessment year 2020-21 must clear their income tax liability before the last date to avoid penalty and income tax notice.

All normal Indian citizens below the age of 60 years whose gross annual income (excluding the eligible tax breaks) exceeds the basic income tax exemption limit of Rs 2.5 lakh are required to file income tax […]

Full Post at www.timesnownews.com

Why aren’t more environmentalists backing UBI initiatives? …read more

Source:: Salon Utah confirms 596 new COVID-19 cases Friday with 5 more deaths reported Mason Francom, of TestUtah, uses a scanner to read a QR code on Emily Johnson’s phone as Eve Kovacs waits to administer a COVID-19 test at a testing site near the Utah Olympic Oval in Kearns on Tuesday, June 30, 2020. | Scott G Winterton, Deseret News SALT LAKE CITY — Utah confirmed 596 more positive COVID-19 tests and five more deaths on Friday, health officials said. The new cases were reported out of 10,250 tests, […]

Full Post at usa-today-news.com

BASIC INCOME & THE FUTURE OF WORK

Join our panel of experts as we discuss how Basic Income impacts the wider future of work debate.

Even before COVID-19, developments in technology was rapidly changing the world of work. Automation, or the threat of it, has been changing people’s work patterns and left a trail of uncertainty as many people ask: what will their jobs look like in the future? Faced with the prospect of less jobs available, many have called for the Universal Basic Income as one of the solutions to supporting people’s incomes as we transition to […]

Full Post at actionnetwork.org

If you had an extra $1,000 a month, what would you do?

It’s a question a lot of Americans started pondering after entrepreneur Andrew Yang proposed just that when he jumped into the 2020 presidential race.

Yang’s idea of a "freedom dividend" — a payment of $1,000 a month for all U.S. adults — lasted about as long as his candidacy. But the idea of a universal basic income (UBI), as it’s commonly called, is neither radical nor new. The principles behind the idea — periodic cash payments, with no strings attached — date back at least as far as Thomas […]

Full Post at www.salon.com