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Yeah, I’ve heard this one before. So, we tax the rich to pay for the poor. What happens when that money dries up? I can’t see people of wealth or corporations wanting to put forth the effort to stay wealthy if all that will happen is having that wealth taken away from them. Where does the money come from then? Do the 1% wealthiest people and corporations have enough money to guarantee a universal basic income? I don’t think the math supports the claim, no matter how much […]

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Related Posts Per capita income of Indians to cross Rs 1 lakh in FY17 The Economic Times Home (Yesterday) – As per the ‘First Advance Estimates of National Income, 2016-17’ released by the Central Statistics Office, the per capita net national income during 2016-17 is "estimated to be Rs 103,007"…

Household income in Alabama’s poorest county is only $19,500 a year Real-Time News from Birmingham (Yesterday) – The median household income in the United States is $53,889 a year.The median household income in Alabama is lower – $43,623 a year.In Sumter County, Alabama, however, the median income…

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Instead of continually talking about the concept, Finland has become the first country in Europe to trial a basic income plan, with 2,000 unemployed citizens chosen at random to take part in the social experiment. The Finnish government is hoping that the initiative will help to reduce government costs and red tape, as well as combat poverty and unemployment rates.

The two-year trial began on January 1, with all participants set to receive a flat rate of €560 (RM2,600) per month, with no obligations to reveal or record how this income is spent. However, the amount will be deducted […]

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On January 16 (Martin Luther King Jr. Day), American basic income activists will convene at the Martin Luther King Jr. Memorial in the nation’s capitol, where they will set up a multi-media display to commemorate King’s support for a guaranteed income. Source: Bob Fitch photography archive Organized by videographer and basic income advocate Matt Orfalea , the event is intended to raise awareness of Martin Luther King’s support for a guaranteed annual income. Renowned for his leadership in the Civil Rights Movement in the 1950s and 1960s, King also championed a guaranteed income for all Americans, especially in his […]

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India, the largest democratic nation in the world, is poised to become the latest endorser of the Universal Basic Income (UBI) solution. The move is intended to provide a safety net for all citizens, as well as remove the inefficient benefit systems that are currently being implemented. This information comes from Professor Guy Standing, a UBI advocate and one of the founding members of the Basic Income Earth Network (BIEN) who recently got back from the U.S. after taking part as a consultant on a $20 million UBI trial scheduled to take place in California within the year.

Aside from […]

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For 2,000 Finns, free money is now a thing. This year, Finland is putting together an ambitious social experiment to see whether a universal basic income might some day be feasible. Starting on January 1, 2000 unemployed Finnish people between 25 and 58 years of age started to receive an income of €560 (about $594) per month, As The Guardian ’s Jon Henley reports .

According to one cost-of-living calculator , that’s just shy of half the cost of a furnished, 900-square-foot apartment in Helsinki. According to the Finnish government , the point of the program is to demonstrate […]

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Join Date Location Posts The first comment I will make try to explain to the average person of 1816 why the world of 2016 isn’t a utopia. Of course our times has it problems, serious problems. But we have effectively address many of the concerns that the average individual has had in the world of 1816. We are better fed, clothed, access to more information, etc, etc. You can point at problems throughout the world and even within western civilization but they are the problems spreading the benefits of victory not a see-saw fight against famine and pestilence that […]

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Like Arnold Toynbee said about civilizations dying not by murder but by suicide : Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros ($587), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment. Cut red tape by expanding the welfare state. Reduce poverty by paying people to be poor. Boost employment by paying people not to work or even look for work. Some concepts are so stupid that stupidity alone cannot explain them.

At least they are starting off […]

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On January 1, 2017, Finland became the first sovereign nation to implement a Universal Basic Income (UBI) for its citizens. Under this scheme , the government randomly selects 2,000 citizens from those currently receiving unemployment benefits or an income subsidy. For the next two years, the selected Finns will receive EUR 560 ($587) a month regardless of whether they work or not. If the experiment proves to be successful, a UBI will be granted to all Finnish citizens. A large poster in a square in Geneva, Switzerland, promoting the idea of a universal basic income. Universal Basic Income, first […]

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