Guaranteed income money for nothin’?

Guaranteed income money for nothin’?

Mike Strobel (QMI Agency) Our civic leaders are putting Toronto in line for a piece of Premier Kathleen Wynne’s “guaranteed basic income” pilot project pie.

Of course they are. “Basic income” is pure social engineering — and that’s catnip to our councillors. Plus, it’s FREE MONEY!

Hit it, Dire Straits:“Now look at them yo-yos, that’s the way you do it… money for nothin’ and the chicks are free.”OK, maybe that’s harsh. (Plus you can’t say “chicks” anymore.)Unless you’ve been in a coma or too busy at work, you’ve heard of a “basic income.”In a nutshell, it guarantees every citizen a minimum […]

Can universal basic income counter the ill-effects of the gig economy?

Can universal basic income counter the ill-effects of the gig economy?

Platforms like eBay, Uber, Airbnb, and Freelancer are thriving, growing the digital economy and disrupting existing business. The question is how to ensure that the transformations they entail have a positive impact on society. Here, universal basic income may have a role to play.

Few social policy ideas are as hot today as universal basic income. Social scientists, technologists, and politicians from both ends of the political spectrum see it as a potential solution to the unemployment that automation and artificial intelligence are expected to create .

It has also been floated as a potential solution to the rise of the […]

Guaranteed Income Insurance Plan By ING Vysya Life Insurance

Guaranteed Income Insurance Plan By ING Vysya Life Insurance

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Que sera, sera, whatever will be, will be, the future’s not ours to see, Que sera, sera, a onetime and still well known lyric by Doris Day stands to contradict today’s economic world. Do not predict but be prepared for the future. The ups and downs of life are not steady, in any field be it job, education, marriage all have the same base, ‘Preparation’.

At no point of time can we relax and sit over things even though we are well assured and positive, since the future is not predictable.ING life insurance is an […]

Cool Is It Possible To Have A Guaranteed Income For Life? Best Quotes Life Check more at http://bestquotes.name/pin/122033/

Cool Is It Possible To Have A Guaranteed Income For Life? Best Quotes Life Check more at http://bestquotes.name/pin/122033/

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Pensions – Articles – The evolution of the new retirement market continues

Pensions - Articles - The evolution of the new retirement market continues

Two years since the Government’s pension flexibility reforms came into effect, the majority of savers with larger pots are using them to buy a retirement product – either a guaranteed income (annuity) or flexible income (drawdown). The sum being withdrawn when a pension pot is taken as one lump sum the first time it is accessed has fallen to an average of £14,000. The level of activity remains high with around 170,000 pension pots being accessed for the first time during the second and third quarters of 2016 and 82,100 new products being sold. This compares with 87,500 […]

Bring basic income to B.C., says politician behind Ontario pilot project

Bring basic income to B.C., says politician behind Ontario pilot project

Former Conservative Senator Hugh Segal is advocating that a guaranteed basic income is key to eradicating poverty. (Karin Larsen/CBC) A pilot project to give people struggling under the poverty line a guaranteed salary with no strings attached is currently underway in Ontario and the man behind the idea is in Vancouver today, making the case that it’s time for a basic income in B.C. too.

Former Conservative Senator Hugh Segal, a strong advocate for the basic income model, penned the provincial discussion paper that prompted the pilot project in Ontario. He explained to On The Coast host Stephen Quinn why […]

Thread: Poor Canadians to receive free basic income

Thread: Poor Canadians to receive free basic income

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What Happens When You Give Basic Income to the Poor? Canada Is About to Find Out

Click here to view the original image of 896x597px.Ontario is poised to become a testing ground for basic income in 2017 as part of a pilot program. Hugh Segal is the special advisor to the Canadian province and a former senator. He believes a supplemental income of $1,320 a month could provide […]

On the Recent Intelligence Squared U.S. Debate About Basic Income

On the Recent Intelligence Squared U.S. Debate About Basic Income

The Moneylender and his Wife by Quinten Massijs (detail) This weekend, on the BART ride to San Francisco and on the walk to and from my destination, I listened to this fascinating debate on Intelligence Squared U.S.: The Universal Basic Income Is The Safety Net Of The Future . (It’s also available as a podcast on iTunes.) It was so thought-provoking that my walk turned into a long one, as I stopped every few blocks to sit down and scribble some notes in response to what I heard.

The debaters in favor of the motion are the libertarian political scientist […]

Trevor Hancock: ‘Mincome’ is pro-health and against poverty

Last week, I wrote about the health, social and economic benefits of a poverty-reduction plan for B.C. Not unreasonably, a reader challenged me to explain how we could afford that.

“Just what price tag would you set on the actions you propose?” he wrote. “Then we could move on to that tricky part about how well — or if — the plan works.” Fair enough, so here goes.

I wrote about the costs in my column on Jan. 7, 2015. As that is more than two years ago, I will repeat some of it here.In a 2011 report, the Canadian Centre […]

Pension freedom – the first two years in numbers

Pension freedom’s architect George Osborne The measures, first unveiled to great surprise by then-Chancellor George Osborne (pictured) in his 2014 Budget , have resulted in a heightened interest in pensions among consumers and a tax windfall for the government , while proving a significant blow to annuity providers, with several dropping out of the market altogether.

To mark the occasion, Professional Adviser has pulled together the most interesting facts and figures to have emerged on the subject over the past two years.

According to the latest statistics from HM Revenue & Customs, more than £9.2bn has been flexibly accessed by savers […]