Tag: basic income

As governments around the world take unprecedented actions to address the coronavirus pandemic, one idea that is being floated as an ideal fix for this crisis is the adoption of a Universal Basic Income (UBI).

Adopting a UBI as a means to solve problems — from income inequality to mass unemployment caused by automation, and now economic shocks from a pandemic — has been touted by many, most prominently former Democratic presidential candidate Andrew Yang . Twitter founder Jack Dorsey recently donated $1 billion to fight the coronavirus, much of which will later be directed to UBI-related projects.

Despite marketing UBI […]

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In response to the COVID-19 pandemic, a majority of voters from both political parties support federal income assistance in the form of monthly cash payments and government-backed paycheck guarantees, according to new polling released on Tuesday. Those two proposals, covered in separate reports published in The Appeal in collaboration with the The Justice Collaborative Institute and Data For Progress, go significantly beyond measures included in the March coronavirus relief package.

One report on universal basic income , or UBI, contains polling showing strong bipartisan support for the government providing recurring monthly cash payments to Americans, as […]

Full Post at thejusticecollaborative.com

A city council meeting from January 2020. In an abnormally short, 13-minute meeting on Tuesday, the Birmingham City Council voted to allocate more funds to the city’s fight against COVID-19.

The city’s coronavirus fund was given an additional $1 million, with money being taken from incentives the city had previously allocated to Pappadeaux Seafood Kitchen, $215,000; Lakeview Antisocial/Brat Brot, $58,000; and Top Golf, $228,000; as well as $499,000 from the Department of Innovation and Economic Opportunity’s economic incentives budget.

That money will go toward what Mayor Randall Woodfin called “phase two” of the city’s coronavirus response, which involves a temporary “Birmingham […]

Full Post at wbhm.org

Sir, – I write in response to the piece by Michelle Murphy of Social Justice Ireland (“ Coronavirus – time for a new social contract in Ireland ”, Opinion & Analysis, April 10th).

As a social justice and equality organisation working globally, we wholeheartedly agree that recent events have reconfirmed that public services and social welfare supports are essential assets of any society, and not only when faced with an unprecedented crisis. It has also been brought into sharp relief in recent weeks how interdependent we are – how an individual’s actions, and indeed a country’s actions, affect us all. […]

Full Post at www.irishtimes.com

Jack Dorsey. Fairfax Media via Getty Images On April 7, Twitter and Square’s billionaire CEO Jack Dorsey publicly pledged in a tweet that he would transfer $1 billion worth of Square shares, or nearly a third of his net worth to an entity that would fund COVID-19 relief efforts and other philanthropic endeavors. New documents filed with the Securities Exchange Commission, made public on Tuesday afternoon, show Dorsey is moving forward with his plan.

The Twitter and Square cofounder — who is worth an estimated $3.9 billion, according to Forbes Real-Time Billionaires List — transferred over 12 million shares of […]

Full Post at www.forbes.com

A young girl trapped in conditions of poverty “It always seems impossible until it’s done.”

These are the famous words of former president Nelson Mandela.

These words seem to be South Africa’s timeless story.At times we have faced seemingly insurmountable challenges but we have managed to find solutions and succeeded.Our 1994 peaceful transition to democracy must be our greatest achievement. But there are others.In the run up to the 2010 World Cup some sceptics were openly scouring the earth for a fallback host, but the country found the gumption and resources to build five new stadiums and pull off a successful […]

Full Post at city-press.news24.com

Though it is taking place amid some of the most terrible circumstances imaginable, the coronavirus outbreak is also a real-world experiment. We are testing many of the assumptions shared by those who invest a lot of trust in public knowledge and government competence. The experiment isn’t going so well.

For example, the mandatory substitution of one set of economic activities with another—or, in some instances, replacing conventional economic activity with nothing at all—is increasingly at the heart of the progressive project. Americans are living through a unique circumstance: an engineered recession. The voluntary cessation of much non-essential commerce has put […]

Full Post at www.commentarymagazine.com

Increasing numbers of people are calling for universal basic income (UBI) for as long as the coronavirus crisis lasts. Some experts argue a UBI is the only way in which everyone, regardless of employment status, will be protected from the worst of the economic turmoil inevitably brought on by coronavirus. What is universal basic income?

The idea of universal basic income is for everyone to be treated financially equal. UBI stems around giving every citizen, regardless of how much money they make, a sum of money.

The sum would be paid regularly and would extend to cover the person’s lifespan.Jamie […]

Full Post at www.express.co.uk

Former US presidential candidate Bernie Sanders. Picture: AFP/BRENDAN SMIALOWSKI Now that US senator Bernie Sanders has ended his pursuit of the Democratic presidential nomination and endorsed former vice-president Joe Biden’s candidacy, he should rally his supporters to focus on beating President Donald Trump. Biden is the nation’s best chance at healing from the pandemic and civic strife stirred by Trump’s first term.

Between now and election day voters need to hear more from Sanders. He remains a resonant voice for the powerless. His millions of supporters deserve his guidance on how the nation can best move forward. That means holding […]

Full Post at www.businesslive.co.za

Pope Francis is suggesting UBI for all people.

Pope Francis recently suggested universal basic income (UBI) as a solution to difficulties faced by many around the world, especially as a result of COVID-19. But would it work, and is giving people free money for nothing a Christian thing to do? Click to Watch the Is Universal Basic Income Christian? video Is UBI Christian? Is UBI Christian?

LOS ANGELES, CA (California Network) – On April 12, Pope Francis suggested a universal basic income (UBI) for the world’s poor and vulnerable. The statement was made in his Easter letter to leaders of […]

Full Post at www.catholic.org