France considers idea of giving everyone £660 a month for doing nothing

France considers idea of giving everyone £660 a month for doing nothing

Benoit Hamon backs the idea of Universal Basic Income (Picture AFP Getty) It was once a radical idea, but it’s entering the political mainstream – as French politicians suggest handing a monthly wage of up to £660 to everyone, rich and poor.

Financed by higher taxes, the move would ensure people could survive, even as robots take millions of jobs in the coming decades.

Two of the seven candidates vying to represent the ruling Socialist Party in this year’s presidential election are promising modest but regular stipends to all French adults.Known as ‘universal basic income’, the idea has become popular as […]

Experimenting Unconditional Basic Income

Experimenting Unconditional Basic Income

Experimenting Unconditional Basic Income What do people do when they’re given cash, no strings attached?

Panelists:

Joe Huston – Regional Director, Give DirectlyElizabeth Rhodes – Research Director for the Basic Income Project, Y Combinator ResearchGuy Standing – Professorial Research Associate at the School of Oriental and African Studies, University of London; Founder and Co-President, Basic Income Earth NetworkIn 2016, the policy proposal for Universal Basic Income grew more favorable in American opinion. Among many others, Andrew Stern, Rob B. Reich and Martin Ford published books advocating for a guaranteed income for all. Poverty, structural unemployment, growing inequalities, automation, and precariousness […]

Martin Luther King Jr. Was Way Ahead of the Curve on This Radical Economic Idea

Martin Luther King Jr. Was Way Ahead of the Curve on This Radical Economic Idea

Dr. Martin Luther King, Jr. spent the last years of his life fighting poverty in America — stressing that racial struggles cannot be separated from economic ones. In his final book, "Where Do We Go From Here: Chaos or Community?" King put forward a radical economic argument, asserting the government should provide all Americans with guaranteed basic income. Martin Luther King Jr. The idea of providing basic income to eliminate poverty spread among economists in the decades after King’s death. It has been re-popularized in recent years as American workers wrestle with income inequality and the rise of technology […]

Martin Luther King Jr. Had Another Dream: A Universal Basic Income for All Americans

Martin Luther King Jr. Had Another Dream: A Universal Basic Income for All Americans

The editorial board at The Washington Post rankled some on Sunday night when they published a short essay making the questionable assertion that Martin Luther King, Jr. was a “conservative.” However, in the last year of his life, Dr. King advocated for the very “non-conservative” prospect of a guaranteed annual income for all Americans.

From Quartz : In 1967, the year before he was assassinated, King published a book titled, Where Do We Go from Here: Chaos or Community? In it, King held up a basic income as a solution to the poverty that afflicted people of all races in […]

Martin Luther King’s Economic Dream: A Guaranteed Income for All Americans

One of the more under-appreciated aspects of Dr. Martin Luther King, Jr.’s legacy is that by the end of his career, he had fashioned himself into a crusader against poverty, not just among blacks, but all Americans. In the weeks leading to his assassination, the civil rights leader had been hard at work organizing a new march on Washington known as the “Poor People’s Campaign.” The goal was to erect a tent city on the National Mall, that, as Mark Engler described it for The Nation in 2010, would “dramatize the reality of joblessness and deprivation by bringing those […]

As robots take jobs, Europeans mull free money for all

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PARIS (AP) — I am, therefore I’m paid.The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached.In France, two of the seven candidates vying to represent the ruling Socialist Party in this year’s presidential election are promising modest but regular stipends to all French adults. A limited test is already underway in Finland, with other experiments planned elsewhere, including in the […]

Martin Luther King Jr. was decades ahead of his time in advocating for a universal basic income

Martin Luther King Jr. was decades ahead of his time in advocating for a universal basic income

The idea King promoted is back in conversation today, but now it’s because of robots. Humans aren’t as necessary as they once were for carrying out basic tasks, manual and otherwise . Robots are doing more and more of those jobs, threatening to displace large numbers of workers and prompting experts from economists to Elon Musk to ask whether now is the time to implement a universal basic income, a social safety net that would provide unconditional cash payments to everyone.

While the specifics of the debate have changed—automation is now the force driving it —the debate itself isn’t a […]

As robots take jobs, Europeans mull free money for all

PARIS — I am, therefore I’m paid.

The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached.

In France, two of the seven candidates vying to represent the ruling Socialist Party in this year’s presidential election are promising modest but regular stipends to all French adults. A limited test is already underway in Finland, with other experiments planned elsewhere, including in the United States.Called "universal income" […]

Here’s one cause Martin Luther King fought for which you might not know about

Here’s one cause Martin Luther King fought for which you might not know about

Say the name "Martin Luther King, Jr" (MLK) and most people will instantly think "American civil rights hero".

With good reason – King’s most well-known legacy comes from his role as leader in the civil rights movement, preacher of nonviolent resistance, and Nobel Peace prizewinner. But most people don’t know that for MLK, black Americans’ struggle for civil rights was inseparable from the fight against economic inequality in the US. And his answer to that inequality was a policy which activists are still calling for today: universal basic income. King the reformer

“Call it democracy, or call it democratic socialism," […]

CANADA: Council of small town Smiths Falls rejects basic income trial, residents disagree

CANADA: Council of small town Smiths Falls rejects basic income trial, residents disagree

Councilors of the small Ontario town of Smiths Falls voted on December 19 last year to reject participation in its province’s basic income pilot , to the objection of residents and the town’s mayor. A petition requesting a re-vote is currently circulating online. The story begins, however, in 2008.

That year The Hershey Company shuttered its Canada operations, at the time based in Smiths Falls, largely for cheaper Mexico-based labor. This exit of the area’s biggest customer precipitated the same by other businesses, and although the ensuing purge of jobs merely reflected a manufacturing decline already underway in the province, […]