Article 38 (2) in the Directive Principles of State Policy enshrines the ideal of equitable growth by directing the state to reduce income inequality gaps by preventing the concentration of wealth in a few hands. In direct contrast to this socialist vision, India today counts itself as one of the three nations having the highest level of income inequality. Its 50-55% of national income is accumulated by the upper ten percent of the population, as reported by Oxfam (2019).
To combat this income inequality, and the consequent plagues that accompany it—poverty, malnutrition, unemployment—the Economic Survey of India (2016-17) addressed the […]
Universal Basic Income: Although the concept of a universal basic income has been debated for years, new studies from Finland provide possible evidence that the complex principal could be implemented to the benefit of citizens. According to an article published in the Annual Political Science Review by Dr. Juliana Bidadanure, Universal Basic Income (UBI), is defined as “a radical policy proposal of a monthly cash grant given to all members of a community.” As a theoretical concept, UBI has been a topic of discussion for decades, but of the experiments that have been conducted thus far, very few have […]
Liberal Democrats have overwhelmingly voted to back Universal Basic Income as party policy at Liberal Democrat Conference.
The Covid-19 pandemic has shown us how badly the current system fails the most vulnerable in our society.
This is why Liberal Democrats have voted overwhelmingly to endorse a Universal Basic Income as party policy at the Liberal Democrat conference. UBI would provide a guaranteed income to our carers, zero-hour contract workers, the self-employed, and many more who have fallen through the cracks in recent months. Solihull and Meriden’s Councillor Laura McCarthy was one of the few selected to speak on the […]
If you contribute to the Canada Pension Plan (CPP), you might be thinking you’ve set yourself up when it comes to retire. You may have maxed out payments and are looking forward to receiving Old Age Security (OAS) payments as well. But before you get ahead of yourself, the Canada Revenue Agency (CRA) has a harsh reality.
According to the CRA, CPP payments vary widely. It depends on both your work history and when you decide to take out benefits. For 2020, the maximum you can receive from CPP is $1,175.83. However, the average Canadians receive from CPP is almost […]
“These face masks are the most important, powerful public health tool we have … I might even go so far as to say that this face mask is more guaranteed to protect me against COVID than when I take a COVID vaccine.
— Robert Redfield, Director of the Centers for Disease Control and Prevention
Our daily COVID-19 infection rate has dropped precipitously in Paterson and a confluence of factors have contributed to the sharp decline. The strict executive orders I issued early on combined with our incessant emphasis on the efficacy of social distancing have helped us crush […]
In just minutes consultants can input data and walk their client through the retirement planning process using their Retirement Plan Simulator, engaging clients in every step of the way through setting retirement goals, presenting portfolio strengths, reviewing proposals, and running simulations.
Many of today’s tools are inefficient, failing to provide simple navigation, robust graphics and the evidence required to meet fiduciary standards. RPS addresses all of these issues while simultaneously enhancing a client’s understanding of various products and the rationale for using them. It creates a unique format for transparently managing risk for consultants and supervisory firms.
The Simulator uses innovative […]
Advisor Controls RPS system easily constructs, illustrates and delivers the optimal blend of guaranteed income products and traditional assets – a welcome benefit for IARFC Members…Randy Kriner, IARFC Strategic Alliance Coordinator. In just minutes consultants can input data and walk their client through the retirement planning process using their Retirement Plan Simulator, engaging clients in every step of the way through setting retirement goals, presenting portfolio strengths, reviewing proposals, and running simulations.
Many of today’s tools are inefficient, failing to provide simple navigation, robust graphics and the evidence required to meet fiduciary standards. RPS addresses all of these issues while […]
In this Wednesday Aug. 14, 2019, file photo Stockton Mayor Michael Tubbs talks during an interview in Stockton, Calif. Mayors across the country are committing to give cash to low-income families with no restrictions on how they can spend it. It’s part of a growing movement to establish a guaranteed minimum income as a way to combat poverty and systemic racism. Tubbs, launched one of the country’s first guaranteed income programs last year with the help of private donations. (AP Photo/Rich Pedroncelli, File) For a growing cadre of mayors across the country, the COVID-19 pandemic has exposed more than […]
The health unit is joining several expert and community groups who are asking for the federal government to create a basic income for all Canadians.
HURON/PERTH – The Huron Perth Public Health Board of Health is calling for Canada to create a basic income
They are joining several experts and community groups in Canada who are asking for this. The COVID-19 pandemic has shown that even a small loss of income can have a big impact on people’s ability to meet basic needs.Basic income is payment made directly to people with low income, whether or not they work for pay. It […]
The pandemic has brought into focus the social contract between income and contribution which can underpin a solidaristic welfare state. Mary Murphy The Covid-19 pandemic has drawn attention to the future shape and function of our welfare architecture. It has exposed the impacts of decades of privatisation and cuts to public services in market-liberal welfare states, while the more universal Nordic welfare regimes have fared best through the crisis.
Temporary responses offer a glimpse of the changes that may be to come. In many states the balance has swung from the compensatory, enabling, and regulatory dimensions of welfare back towards […]