Tag: guaranteed income

Universal Basic Income: An Alternative for Developed Nations

Universal Basic Income: An Alternative for Developed Nations

Skewed distribution of resources and income inequality are two common problems that are faced by virtually every single country on earth. In an attempt to mitigate these problems, different countries came up with different solutions. Some sought to give up control of their factors of production to their respective governments, hence nationalising their industries while others increased the tax rates of ordinary citizens. Promotion and availability of various forms of insurance were also deemed as a solution to the aforementioned issues. A recently formulated concept called the Universal Basic Income seeks to fulfil the same objectives while eliminating the […]

Your View by Muhlenberg economics prof: Trump? Biden? Another Democrat? Or none of above?

Your View by Muhlenberg economics prof: Trump? Biden? Another Democrat? Or none of above?

Democratic presidential candidate and former U.S. Vice President Joe Biden speaks August 3 during the 2020 Public Service Forum hosted by the American Federation of State, County and Municipal Employees at University of Nevada, Las Vegas in Las Vegas, Nevada. (Ethan Miller/Getty) We live in a post-objective world. Disinterested argument, always suspect, is no longer viewed as a possibility. Confession must proceed discussion.

I am an old, white, well educated, rich man. I am, almost by definition, certainly by correlation, racist, misogynistic and homophobic. Perhaps other bad things as well.

In 2016, I was happy that Hilary Clinton had lost the […]

John Weaver | Equal Pay in Soccer: Myths and Facts

John Weaver | Equal Pay in Soccer: Myths and Facts

No sooner had the U.S. Women’s Soccer team won its final match, the Democrats decided to politicize the event via their old standby bromide of “equal pay.” Personally, although originally looking forward to the matches, I found myself losing all interest when I heard that star player Megan Rapinoe had joined the Colin Kaepernick crowd in her hatred for the U.S. flag, America and Trump.

Consequently, I simply refused to watch. Later I learned that others must have felt similarly since viewership was down in the U.S. by about 30% from 2015 levels. But I digress from the main subject […]

Guaranteed income supplement 2019

GIS. Canada at . Here are seven annuity missteps to avoid. Guaranteed Income Mar 20, 2017 Retirement Readiness Bootcamp Part 2: Social Security, pensions, annuities, and other sources of nonportfolio income are important parts of Feb 20, 2018 We should provide a guaranteed income of $500 a month for every working adult who makes less than $50000, argues Facebook co-founder Jan 9, 2018 From now on, seniors who automatically enrolled for old-age also be automatically considered for the guaranteed income supplement based Aug 23, 2017 The retirement income people receive as of age 60 may affect their social The […]

WILL DURST: And now, a few words about words

WILL DURST: And now, a few words about words

Will Durst Nobody knows what the earliest word used by humans was. The general consensus is the Sumerians developed the first written language around 3500 B.C., using wedge-shaped symbols called cuneiform. Scholars hypothesize the first word was either "ouch" or "me," although "pie" had to have been up there since the shapes surely reminded the Sumerians of it.

For the last 5,500 years, humans have spent lifetimes searching for the best words to communicate. The precise word can make the difference between understanding and confusing people to the point of banging their heads against metal railings until blood drips out […]

iPolitics AM: Trudeau, O’Regan headline party fundraiser in St. John’s

iPolitics AM: Trudeau, O’Regan headline party fundraiser in St. John’s

Prime Minister-designte Justin Trudeau holds a welcome rally with supporters and fellow MPs in Ottawa on Tuesday, October 20, 2015. iPolitics/Matthew ALSO TODAY: Singh heads to Nanaimo to highlight NDP health care plan — Freeland hosts UK counterpart in Toronto

After spending the long weekend making the rounds on the West Coast — including his now-traditional appearance at the Vancouver Pride parade, where he was joined by two other federal party leaders and made a point of highlighting the absence of the third — Prime Minister Justin Trudeau wends his way eastward to St. John’s.

As per his official itinerary, he’s […]

MPs demand end to pensions advisers making ‘fat living’ from savers

MPs demand end to pensions advisers making ‘fat living’ from savers

Advisers are accused of a lack of transparency Pension scheme managers have been blasted in a parliamentary report for making a ‘fat living’ from customers’ savings.

In a scathing report on the functioning of the UK pensions industry, Westminster’s Work and Pensions Committee says it is “unconvinced” that the industry will rise to the challenge of providing clear, transparent information to pension schemes about the costs and charges of investments.

It says “Government and regulators should not wait for the industry to fail to act voluntarily as they have so many times in the past”, and should instead move now to […]

Sunday’s Letters to the Editor

Where’s the money going?

Dear editor:

With guaranteed income from the tax collector’s office each month, the (Lake Hamilton Fire) chief’s salary went from $16,900 to $54,000 a year with an additional $376.48 per month to a retirement policy. Also, a new truck was purchased for the chief and the other given to the assistant chief. The mechanic’s salary is over $40,000 per year and the secretary’s salary is over $30,000 per year.They have 23 firefighters and each one is enrolled into a retirement program paid for by the district. There are two assistant chiefs and I question "Why" the need […]

Cooper: Nixon’s guaranteed income plan

Cooper: Nixon's guaranteed income plan

Former President Richard Nixon, right, shown with three other former U.S. presidents and then-President George Bush at the 1991 dedication of the Ronald Reagan Presidential Library, once proposed a guaranteed minimum income. Fifty years ago this week, President Richard Nixon announced to the nation a sweeping new welfare reform plan that would include a guaranteed minimum income.

Say what? A Republican president proposed a guaranteed income?

It indeed happened, but we know from the renewed clamor for such today by far left 2020 Democratic presidential candidates that it never saw the light of day.The original announcement was for $1,500 ($10,469.06 in […]

Could you afford a retirement interest-only mortgage?

Could you afford a retirement interest-only mortgage?

Most interest-only mortgage customers can’t afford to switch to retirement interest-only (RIO) deals due to lack of pension savings, Royal London research suggests.

In the next five years, hundreds of thousands of interest-only mortgage customers will reach the end of their terms with no way to pay off their loans.

RIO mortgages are meant to be a lifeline for homeowners approaching retirement. But new research says most people with interest-only mortgages will lack the funds to afford a RIO if they want to keep up their living standards.Here, we look at whether RIOs really are unaffordable, or whether they could […]