Pilot project to introduce a basic income in Ontario gets strong public support

Pilot project to introduce a basic income in Ontario gets strong public support

Three-year proposal is set to launch this spring and will give participants a guaranteed salary. Toronto’s Pauline Bryant, who has been active in the fight to get Ontario to raise welfare rates, says a three-year pilot project to study guaranteed income does nothing for people who need help now. A proposed provincial pilot project to replace Ontario’s poverty-level welfare payments and top-up low-wage workers with a no-strings-attached basic income received a thumbs-up during recent online and public consultations.

Ontarians are also keen to know whether this type of support would impact health, housing, food and work habits, according to a […]

With precarious work and a less secure middle class, basic income can help

With precarious work and a less secure middle class, basic income can help

Roderick Benns. It is now a global phenomenon that Canada is caught up in. According to the International Labour Organization, about 75 percent of the world’s workforce is precarious in some way –part-time, temporary jobs are the vast majority. That means, of course, that only 25 percent of the world’s population is doing stable, full-time work.

For a made-in-Canada example, the Toronto Star has reported research findings from McMaster University and the United Way that show the Greater Toronto Area has more than 52 per cent of workers in temporary, contract, or part-time positions.

There are all kinds of reasons for […]

You Deserve a Universal Basic Income Regardless of Your Work

You Deserve a Universal Basic Income Regardless of Your Work

image from gawker Are you a robot?
Probably not, but take a test: look around your place of work. How many of your co-workers are actual people – as opposed to virtual people you only ever meet via email, co-working platforms and an occasional conference call?

The machines are taking over the world. Fine, I made that sound scarier than it probably is; after all robotization is not a new or exceptional situation – jobs have always been lost to technology, what is new is that jobs long deemed secure are now eyed by robots . Not any old jobs, […]

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Hollywood Casino

Hollywood Casino Want to reform welfare? Think like Scandinavia."They live beautifully, but don’t want to do it at the expense of others," says economist Jeffrey Sachs. View on facebook: https://www.facebook.com/BigThinkdotcom/videos/10154365355938527/ Facebook Embed Video: Anonymous Proxy detected, click here. Andreas Peter Larsen 02/15/2017if only things where as he talks about it… Since the 1980´s privatisation have been rife here in Denmark. For instance back in the 1970s there where no limit for how long you could get unemployment benefits (so-called "dagpenge"). Then in the 1990´s […]

Guy Caron Says He Can Bring Economic Cred to the NDP

Guy Caron Says He Can Bring Economic Cred to the NDP

‘People are actually confident I know what I’m doing,’ says NDP leadership hopeful Guy Caron. The last economist to be elected prime minister was Stephen Harper, but New Democrat leadership hopeful Guy Caron says that shouldn’t put people off his campaign bid.

He sees his profession as an advantage.

Caron is in favour of free trade, as long human rights are part of agreements and Canadians get a good deal. He also chides the Liberal government for poor economic growth.A New Democrat lecturing Ottawa opponents on the economy may seem like a tough sell, but Caron said party affiliation has nothing […]

Is a Universal Basic Income a Good Idea?

Is a Universal Basic Income a Good Idea?

What if everyone on the planet received a guaranteed income whether or not they worked?

That’s the idea behind the universal basic income (UBI) — and it is gaining ground globally. Government officials, some technology executives, philanthropists and academics from every continent are championing the idea as a way to combat rising wealth inequality and provide an income floor as new technologies are seen decimating jobs in the future. However, the program’s effectiveness and affordability are far from settled discussions. Political hurdles must also be overcome for it to become reality.

This year, UBI was a hot topic at the World […]

NDP leadership hopeful Caron fleshes out basic income plan

NDP leadership hopeful Caron fleshes out basic income plan

Quebec MP Guy Caron has fleshed out his pitch for a basic income to reduce income inequality in Canada. REUTERS/Mark Blinch OTTAWA (CP) — As NDP leadership hopefuls prepared for their first debate on Sunday, Quebec MP Guy Caron was fleshing out his pitch for a basic income to reduce income inequality in Canada.

Caron, an economist, is proposing a taxable supplement that would help those Canadians whose income levels fall below a standard minimum threshold, determined in part by the size of their family and the city they live in.

He says the proposal would be designed to complement existing […]

That time when Dick Cheney and Donald Rumsfeld ran a universal basic income experiment for Nixon

That time when Dick Cheney and Donald Rumsfeld ran a universal basic income experiment for Nixon

In recent years, as the possibility that intelligent machines might one day replace virtually all of our jobs has sunk in, the promise of universal basic income (UBI) has gained more mainstream attention, especially in progressive circles. Advocates say that governments should offer universal minimum payments, to protect displaced workers from destabilization, poverty and poor health.

The idea has its detractors, however. Some believe UBI would make otherwise employable people lazy. The concept raises debates about whether handing out cash reduces inequality or encourages dependence—the same debates that have surrounded programs that provide assistance for the poor that former US […]

Universal Basic Income

The concept of the Universal Basic Income, or UBI if I can call it that, has crept onto the political agenda in Ireland and I’d imagine there’s been some discussion about its merits and demerits in the UK as well. A few years ago I’d have described the idea (free money in perpetuity) as impossibly utopian but today it doesn’t seem so far-fetched. The basic principle is theoretically sound – ensure that people have enough money to cover their basic needs thus allowing them to pursue aims closer to their heart and generate revenue that way – but my […]

How could you access your pension savings? We take a look at the options now available

How could you access your pension savings? We take a look at the options now available

In April 2015, the Government introduced new rules known as pension freedoms, offering much greater flexibility on how millions of people can access their pension savings.

The rules apply for anyone over the age of 55 who has saved into one or more defined contribution pensions and, if you’re in this position, you’re entitled to free and impartial financial guidance from Pension Wise .

This service was set up by the Government to help anyone aged 50 or over understand their pension options. If you have saved into a defined contribution pension (sometimes known as a personal or workplace pension), Pension […]