Tag: guaranteed income

Universal Basic Income to solve the effects of artificial intelligence?

Universal Basic Income to solve the effects of artificial intelligence?

Not only will AI make life more comfortable for humans, we can expect faster services

800 million jobs are expected to be lost by 2030 due to automation according to a study by the Mckinsey Global Institute. That is a fifth of the global workforce. This is the reality the world is facing as automation is increasingly taking over many things we do. We know that technology is taking over repetitive and menial jobs and we can see that even in banks as we are encouraged to deposit our money in a machine rather than at the counter. In […]

This Has Never Happened in Social Security’s 83 Years of Existence

This Has Never Happened in Social Security's 83 Years of Existence

Each month, close to 63 million Americans, nearly 70% of which are retired workers, receives a monthly benefit check. Of these retirees, 62% lean on their payout to account for at least half of their income. It’s been estimated that if Social Security didn’t provide this guaranteed income to eligible aged beneficiaries, the elderly poverty rate would be more than four times higher than it is right now. That’s how vital this program is to the financial well-being of our country and our seniors.

It’s also a program that’s about to do something that’s never been done in its 83 […]

BlackRock is going big into the annuity business with Microsoft to create a 21st century defined benefit pension system

BlackRock is going big into the annuity business with Microsoft to create a 21st century defined benefit pension system

The grand plumbing and insurance scheme by the $6T New York manager and the Seattle-based world’s richest firm starts with the firm’s CEOs and addresses their mutual existential threat — Amazon

Brooke’s Note: There is a fine line to draw between a drop-dead paradigm shifting move and ill-advised pie in the sky — especially when it’s born of a CEO-to-CEO meeting of two market leaders in two industries. This plan by BlackRock to jump the line to the investor desktop with the help of the desktop itself in Microsoft and give the people what they want — guaranteed income […]

Universal Basic Income – Pros & Cons

Universal Basic Income – Pros & Cons

Universal Basic Income – Pros & Cons Theme :-

Indian Government is likely to bring ‘Universal Basic Income scheme’.

Universal basic income (UBI) or basic income is a periodic cash payment that each citizen of a country or region is provided irrespective of his income, resources or the employment status of the individual. It is a measure undertaken to elevate poverty and decrease the income disparity prevailing in a country. Every Universal Basic Plan varies due to its amount or design. This provides a safety net by supplementing the wages from work. It is the most ambitious social […]

Our view: Sowing seeds of promise

Our view: Sowing seeds of promise

Hide caption A Stockton-led program is about to spread a little economic seed around the city. Then we’ll sit back and see what grows.

The Stockton Economic Empowerment Demonstration, or SEED program, will provide $500 a month to 100 Stocktonians for 18 months. No strings attached. And no tax dollars involved. All the money for the project comes through private donations.

Will it work? Will it help?We’ll have some idea not long after the program ends. Researchers from the University of Tennessee and the University of Pennsylvania, already involved in setting up the program, will evaluate it when it ends. Among […]

Basic Income

Basic Income

We’re going to try something new—our first Request For Research.

We’d like to fund a study on basic income—i.e., giving people enough money to live on with no strings attached. I’ve been intrigued by the idea for a while, and although there’s been a lot of discussion, there’s fairly little data about how it would work.

It’s true that we have systems in place to give people resources, but the bureaucracy and qualification requirements make it a very imperfect approximation of what most people mean when talking about a basic income. We have some examples of something close to a basic […]

Retirement nightmare

Retirement nightmare

Retirement marks the end of a person’s working career. Many expect that retirement would be a breeze life and its purposes would be clear, decisions would be easy to make and all the tough parts like work would be in the past.

But in our nation, being retired is far from trouble-free. It’s a totally different world for those of our citizens who toiled for their motherland. It’s a disaster!

Other than Social Security, many retirees have no source of guaranteed income other than retirement savings.On Monday, retirees in the Ministry of Health at Arthur Davison Children’s Hospital in Ndola asked […]

How Dolly Parton Gave $12.5 Million And Unprecedented Research To Sevier County

How Dolly Parton Gave $12.5 Million And Unprecedented Research To Sevier County

Country music superstar Dolly Parton is from Sevierville in Sevier County, Tennessee. It’s been two years since wildfires burned Western North Carolina and devastated the town of Gatlinburg, Tennessee. Country music superstar Dolly Parton stepped up to help rebuild Sevier County through an unconventional policy.

Western North Carolina had been dealing with wildfires for more than a month when flames scorched Gatlinburg, leaving fourteen people dead and damages in the millions of dollars. The fire that devastated the town started in the Great Smoky Mountains National Park.

CEO of the Dollywood Foundation David Dotson remembers the first meeting they had just […]

Canada: Ontario’s basic income experiment ended, but the ground is fertile for more pilots

Canada: Ontario’s basic income experiment ended, but the ground is fertile for more pilots

Jean-Yves Duclos. Picture credit to: The Star.

After the cancellation of the Ontario basic income experiment, country-wide discussions about the issue continues in Canada as the Federal Government approaches the policy, although a direct intervention in Ontario is unlikely. Prime Minister Trudeau and his Social Development Minister Jean-Yves Duclos have already stated that the Federal Government does not intrude into regional policy programs. However, Duclos has said, this month, that existing benefits will eventually cover more people than those already eligible for state (not universal) guaranteed minimum income. In his words: “At some point, there will be a universal guaranteed […]

Trudeau Working Overtime to Bankrupt Canada?

Trudeau Working Overtime to Bankrupt Canada?

After the Ontario government scrapped its basic income pilot project this past summer, the federal government is looking to take up the mantle and experiment with offering Canadians money just for breathing. Considering that there is an election on the horizon, you cannot but wonder if Prime Minister Justin Trudeau and the governing Liberals are using this progressive proposal to cling to power, or they really believe that handing out buckets of loonies and toonies will spur economic prosperity.

Speaking in an interview with The Canadian Press news agency, the prime minister revealed that Ottawa might enhance the present crop […]