Tag: guaranteed income

Mark Zuckerberg supports universal basic income. What is it?

Mark Zuckerberg supports universal basic income. What is it?

Zuckerberg’s commencement speech sounds a lot like a campaign speech Facebook founder and CEO Mark Zuckerberg supports an idea called universal basic income.

"We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas," Zuckerberg said at his Harvard commencement address Thursday.

So, what exactly is it?It’s a concept that’s getting a lot of attention, especially in Silicon Valley. A country that has universal basic income guarantees every person a set minimum income regardless of criteria — age, wealth, job status, hometown, family size, etc.That means everyone gets a paycheck, whether […]

The new economy is coming

Late May is college commencement speech season, and there are always one or two destined to cause upset. This year, add to the list the Harvard commencement speech given last Thursday by Facebook CEO Mark Zuckerberg and his call for "universal basic income," which is a fancy way of describing a kind of Social Security for all. As might be expected, the tech pioneer was lambasted on such social media platforms as Facebook (which he no doubt appreciated) by conservatives who see UBI as a doubling down on welfare, as well as some liberals who instinctively distrust an idea […]

Mark Zuckerberg supports universal basic income. What is it?

Mark Zuckerberg supports universal basic income. What is it?

NEW YORK (CNNMoney) – Facebook founder and CEO Mark Zuckerberg supports an idea called universal basic income. “We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas,” Zuckerberg said at his Harvard commencement address Thursday.

So, what exactly is it?

It’s a concept that’s getting a lot of attention, especially in Silicon Valley. A country that has universal basic income guarantees every person a set minimum income regardless of criteria — age, wealth, job status, hometown, family size, etc.That means everyone gets a paycheck, whether they have a job or not.However, […]

Facebook’s Zuckerberg calls for government to provide ‘universal basic income’

Facebook’s Zuckerberg calls for government to provide ‘universal basic income’

While speaking at Harvard’s commencement ceremony, Facebook CEO Mark Zuckerberg called on the federal government to provide a “universal basic income,” CNBC reported Thursday.

“Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” he said. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

According to CNBC, Zuckerberg’s comments reflect the opinions of other Silicon […]

Financial Stocks in FocusóPrudential Financial Inc (NYSE:PRU), T. Rowe Price Group Inc (NASDAQ:TROW)

Shares of Prudential Financial Inc (NYSE:PRU) increased 0.94 % and closed at $ 106.02 after opening 105.31 with the overall traded volume of 1.01 million shares. The company’s Market capitalization reached to $ 45.55 billion, $ 429.30 million outstanding shares. Its low price was $ 105.06 and highest price was $ 106.20 .

Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial. And a new paper from Prudential Retirement says employers can also benefit through improved workforce […]

Zuckerberg calls for guaranteed income; write him for your first check

Zuckerberg calls for guaranteed income; write him for your first check

Harvard Law School has a new graduate! I’m proud to say that my newest fellow alumni is none other than Facebook creator Mark Zuckerberg. Now, Zuckerberg, of course, never attended Harvard Law School. In fact, he was a dropout from Harvard College. But because he is wealthy, and liberal, that makes him eminently qualified for a Harvard Law degree!

In a speech at Harvard, Zuckerberg (whose name, translated from the original German, means "Mr. Sugar Mountain"), called for everyone to have a guaranteed basic income! He points out that not everyone has the financial freedom (like he did) to become […]

Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, reduce costs for employers

NEWARK, N.J.–( BUSINESS WIRE )–Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial 1 . And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU) .

The Prudential Retirement paper, On the Road to Financial Wellness, Lifetime Income Is Key , provides evidence to support what finance executives and plan sponsors are recognizing—that when employees feel […]

Letter writer believes nation has strayed far from Great Generation

Letter writer believes nation has strayed far from Great Generation

Frederic J. Brown/AFP/Getty Images) East Bay Times letters to the editor for May 26 Should learn from Greatest
Generation as we celebrate

With Memorial Day, we will be extolling the accomplishments of the Greatest Generation. Let’s look at some of the characteristics of that generation, of which my parents were a part and my father a veteran of both world wars:
It was a time when the South and the military were segregated, when a woman’s place was in the home, gays were in the closet, kids prayed in school and their teachers were largely maiden ladies who didn’t abuse […]

Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, reduce costs for employers

NEWARK, N.J.–( BUSINESS WIRE )–Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial 1 . And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU) .

The Prudential Retirement paper, On the Road to Financial Wellness, Lifetime Income Is Key , provides evidence to support what finance executives and plan sponsors are recognizing—that when employees feel […]

Guaranteed income — what I do and don’t support

Call it guaranteed income, universal income or basic income.

Based on what I’ve seen on Twitter, it’s time to make some initial stipulations about types of GI that I will NOT support.

1. If you want to rule out disability payments entirely, or at least say "above X dollars no more," nope, you lost me.Disability payments are because you can’t work period.I support guaranteed income as a baseline that then allows people to do the work they’d like to do. If you’re disabled, your ability to work is limited, period.As for some people saying, "But disability is so hard to get," […]