Tag: guaranteed income

Poor need boost most

Poor need boost most

The modest Social Security benefits increase planned for next year is a reminder this safety-net program should be just one element in a person’s retirement plan.

“Should be” is an important qualifier, however. For too many people, they are at a point in life where they have no other option to turn to.

In both Missouri and Kansas, the AARP Public Policy Institute has calculated 22 percent of the population ages 65 and older depend on Social Security for at least 90 percent of their family income.The average individual benefit in the two states hovers between $1,305 and $1,360 a month, […]

Gareth Shaw: Pension freedoms come with a caveat

Gareth Shaw: Pension freedoms come with a caveat

The added flexibility of modern-day pension set-ups also creates a scenario which worries the FCA. Picture: John Devlin People who have worked hard and saved hard all their lives, and done the right thing, should be trusted with their own finances. Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want. No caps. No drawdown limits. Let me be clear: no-one will have to buy an annuity.”

Those were the words uttered by then-Chancellor George Osborne in March 2014 announcing the introduction of “pension freedom”.And […]

PMVVY – Pension scheme for senior citizens with 8% rate to be launched today

PMVVY – Pension scheme for senior citizens with 8% rate to be launched today

The government has planned to announce a new pension plan under the budget 2018-2019 for senior citizens. The new plan to be announced by the government is named PM’s Vaja Vandana Yojana Pension Plan.

PMVVY is a Pension Scheme announced by the government exclusively for the senior citizens aged 60 years and above and will be available from 4 th May 2017 to 3 rd May 2018. This scheme can be purchased online through Life Insurance Corporation of India which has been given the sole privilege to operate the scheme.

Financial planners say that this scheme will offer more avenues to […]

Free money for everyone: will universal basic income ever happen?

Free money for everyone: will universal basic income ever happen?

The division of rewards between capital and labour seems to be growing ever-more skewed.

“Times of crisis are also times of great freedom,” wrote the French social philosopher André Gorz in 1983. “Our world is out of joint; societies are disintegrating, our lifelong hopes and values are crumbling. The future ceases to be a continuation of past trends. The meaning of present development is confused; the meaning of history suspended.” The words come at the start of Paths to Paradise , subtitled “On the Liberation From Work” and written as a concise manifesto for a new kind of leftism. Its […]

EDITORIAL: Big boost to campaign for water takeover

EDITORIAL: Big boost to campaign for water takeover

Working: Treasurer Peter Gutwein and Premier Will Hodgman are working hard to prove up their case to take over TasWater. Local Business

The state government made a major step forward in their bid to wrest control of TasWater away from councils this week.

They finally produced something credible to ‘prove’ they can do it better.Opponents have panned the report released this week from Infrastructure Tasmania – with an endorsement from independent voice pitt&sherry.But these people, both from the government agency and their engineering firm, are paid professionals. Surely their assessment does carry significant weight.The real bonus is, not only […]

The 2 most popular critiques of basic income are both wrong

The 2 most popular critiques of basic income are both wrong

Author: Dylan Matthews | Vox ||

At first blush, basic income — a proposal where every American gets a regular stipend from the government, just for being alive — sounds like a radical, even absurd, idea. It says that people should be guaranteed enough money to live on whether they spend most of their time working, or in school, or taking care of loved ones, or taking drugs and surfing. It says that the government should tax people who work to pay for a check that goes to some people who don’t do anything conventionally viewed as productive. […]

Pensions – Articles – The need for flexible retirement income plus some certainty

New research from Aegon reveals a marked increase in the importance people place on having both a flexible retirement income and also a degree of certainty about how much income they will receive every year just a little over two years since the introduction of the pension freedoms, The findings1 reveal that 9 in 10 (87%) people now want the flexibility to choose how and when they will access their retirement savings throughout retirement, up slightly from 8 in 10 (81%) back in 2015. At the same time, there’s evidence that a growing number of people value the […]

The 2 most popular critiques of basic income are both wrong

The 2 most popular critiques of basic income are both wrong

At first blush, basic income — a proposal where every American gets a regular stipend from the government, just for being alive — sounds like a radical, even absurd, idea.

It says that people should be guaranteed enough money to live on whether they spend most of their time working, or in school, or taking care of loved ones, or taking drugs and surfing. It says that the government should tax people who work to pay for a check that goes to some people who don’t do anything conventionally viewed as productive.

That raises a lot of obvious questions. Wouldn’t this […]

Former BBC director Helen Boaden talks about news in the time of social media

Former BBC director Helen Boaden talks about news in the time of social media

Helen Boaden spoke at the Hebrew Center about fake news and the search for unbiased reporting. —Sophia McCarron The “fake news” seed has been growing steadily in the back of the American consciousness, watered by clickbaits, and recently given Miracle-Gro by President Trump and the 2016 campaign.

Helen Boaden, former director of BBC News and then BBC Radio, spoke as part of the Summer Institute Speaker Series on Thursday night about this thorny topic from the perspective of an insider who has the benefit of looking at the issue from across the Atlantic.

She recounted her own experience as a reporter […]

Colby Cosh: Can giving everyone free money reduce the stigma of a guaranteed income?

Colby Cosh: Can giving everyone free money reduce the stigma of a guaranteed income?

Not many people noticed — perhaps because it appeared in a sociology journal instead of the economics literature — but there has been another fresh scholarly spelunking in the data ruins left behind by Mincome, Manitoba’s ambitious 1970s experiment with a universal guaranteed basic income. Mincome is a Canadian event that was forgotten for decades, but it suddenly became retro-mesmerizing to the whole world a few years ago when the idea of a basic income returned to fashionability. It is the most extensive trial of a basic income that was ever performed — yet it turned out to be […]