Tag: guaranteed income

Ontario Premier Kathleen Wynne. The Liberals have had 13 years to update the welfare system, argues Randall Denley. The Ontario government is conducting an online survey to find out what you think about a no-strings-attached basic income as way to reduce poverty. It’s a step on the road to a pilot project that could last up to three years.

At the risk of spoiling the suspense, I am going to say giving people more money will reduce poverty. The questions are, would a guaranteed annual income be good public policy and does the government have the money to follow through?

Ontario […]

Full Post at ottawacitizen.com

Critics see the universal basic income as just a bit of policy fluff. A month before the ‘Trump revolution’, The New Daily ran the story ‘Hell yes, of course you’re entitled to a job’ , which explored the employment-related forces driving Donald Trump’s popularity.

Well, now Finland has gone one better , telling 2000 unemployed Finns that ‘hell yes, you’re entitled to an income’.

The Finnish government is trialling a version of what policy wonks call the ‘universal basic income’ (UBI). The Finns have taken the global lead in trialling the universal basic income. The idea is to give the sample […]

Full Post at thenewdaily.com.au

• 2,000 people to randomly get the benefits • Citizens to continue getting the benefit even after getting a job

• Scheme aimed to relieve joblessness

HELSINKI, Finland – As part of a guaranteed income scheme, Finland has vowed to pay $600 a month to 2,000 randomly-selected citizens.The country’s centre-right government under Prime Minister Juha Sipila launched the social experiment in a bid to increase spending and employment nationwide, aside from ending poverty.The unemployment rate of Finland stood at 8.1 percent in November 2016.This trial is to last for two years and started on January 1, 2017 after […]

Full Post at www.zimbabwestar.com

Why Finland is ahead of the US with guaranteed income: ‘It may be an empathy gap,’ says one expert.

Finland just rolled out a pilot program to test universal basic income, or UBI. And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn’t hold their breaths.

The Scandinavian country announced yesterday that 2,000 randomly-selected, unemployed individuals between the ages 25 and 58 will receive a monthly cash payment of 560 euros ($582.90) for two years.The payments will continue even if the recipient finds work. The goal, according to the Finnish government, is to increase employment.A privately […]

Full Post at womenfreetime.com

Finland just rolled out a pilot program to test universal basic income, or UBI . And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn’t hold their breaths.

The Scandinavian country announced yesterday that 2,000 randomly-selected, unemployed individuals between the ages 25 and 58 will receive a monthly cash payment of 560 euros ($582.90) for two years.

The payments will continue even if the recipient finds work . The goal, according to the Finnish government, is to increase employment . A privately funded pilot program is in the early stages in California , but the United […]

Full Post at www.cnbc.com

According to an Associated Press report, the ‘Universal Basic Income’ also called as ‘unconditional basic income’ (is a form of the welfare security system in which a country citizen receives guaranteed income from the government regardless of how much they work) continues to go viral.

Finland has launched its own version of the experiment; the European government is going to provide a guaranteed basic monthly income, amounting €560 ($587) to 2,000 randomly-picked jobless citizens. The trial will run for a two-year period.

Finland hopes the experiment would decrease the country’s 213,000 or nearly 8.1 percent unemployed citizens out of the 5.5 […]

Full Post at newsline.com

Finland is offering free money to some citizens as part of an experiment aimed at cutting government red tape, reducing poverty and boosting employment.

Starting this Monday, the two-year trial will see 2,000 randomly-picked unemployed citizens receive €560 (£477/$587) each month, with no constraints on how to spend it.

The amount, which will be deducted from any benefits the citizens already receive, would keep coming even after citizens find employment.Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said the scheme’s idea was to abolish the "disincentive problem" among the unemployed.The hope is that […]

Full Post at mashable.com

Finland has begun an experiment with a universal basic income (UBI) program: Finland has started a radical experiment: It’s giving 2,000 citizens a guaranteed income, with funds that keep flowing whether participants work or not. The program, which kicks off this month, is one of the first efforts to test a "universal basic income." Participants will receive €560 ($587) a month — money that is guaranteed regardless of income, wealth or employment status. The idea is that a universal income offers workers greater security, especially as technological advances reduce the need for human labor. It will also allow unemployed […]

Full Post at econlog.econlib.org

I’ve spent a lot of time lately speaking against the establishment of a guaranteed minimum income as an important policy to advocate. I want to make a few things clear:

> I feel the current distribution of wealth is grotesquely unfair.

I don’t believe that those who cannot or will not work should be allowed to starve. I would be against plans to eliminate or cut the existing welfare system as long as it is needed. I believe that we should build a community in which everyone’s needs are met. But, even so, I oppose fighting for a guaranteed […]

Full Post at f4dc.org