Tag: guaranteed income

This idea has been floated before and I am at the moment unsure of whether its a good idea. I do think it is one certainly worth studying and experimenting on like some countries are doing. Basically everyone gets a guaranteed income. In exchange we save money on welfare checks (since everyone gets a government handout irrespective of other sources of income, we don’t need money to catch welfare cheats).

I can see some advantages, for example if people are guaranteed an income they may spend their time doing other things like self improvement. However it will also cause inflation […]

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Taken from http://cdn.images.express.co.uk/img/dynamic/78/590x/Finland-money-624756.jpg. The key problem at the moment, with discourse about basic income, is that evaluations do not go beyond the superficial or the general.

The key problem at the moment, with discourse about basic income, is that evaluations do not go beyond the superficial or the general. By generalising the policy concept of the basic income – of a guaranteed income provided by the government to citizens – and therefore ignoring the specifics or the permutations of different models through which basic income could be implemented, policymakers moot perspectives which are neither conclusive nor helpful. The same tired […]

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Beyond the crypto realm, universal basic income has seen a little traction.

Swarm’s DCOs claims to provide a basic income, although Slepak thinks the inner workings need further explanation.

Basic income, and especially universal basic income, requires a secure, tamper-proof ledger that can be audited by anyone to ensure the safe delivery of funds,” Slepak said. Future tech could make it easier to implement basic income. A Group Currency must identify all members (because you don’t want any one member to receive multiple incomes). Future robots will nab your job, but cryptocurrency could save your income. @scottsantens : @darcnos […]

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The robots are coming for our jobs. Someday, they’ll take the wheel from human truckers, the plow from human farmers, the scalpel from human surgeons and maybe even the paintbrush from artists. But how exactly will society cope with the transition of jobs from human to machine hands?

The answer to that could be a basic income, a stipend provided by the state as a social safety net for displaced workers. In fact, President Barack Obama even weighed in on the idea of a basic income in a recent interview with Wired. “Whether a universal income is the right model […]

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Basic Income

72 Pins 56 Followers Few debates highlight the many complex issues around how governments should share a nation’s wealth and resources as much as the current discourse on basic income. Also referred to as a citizen’s income, the policy generally refers to the unconditional and universal payment of a regular sum of money to a country’s residents, usually as a replacement for a range of existing state benefits such as pensions, child allowances, tax credits and unemployment payments. Poverty Economystories Economy Poverty Income Basicincome Basic Income Basicincome Economics Unconditional Basic Unconditional Basic Income #basicincome #economics #economy […]

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Image Credit: jeffedoe/Flickr Earlier this week, a team lead by the Executive Office of the President released a report examining automation’s potential impact on the economy. The findings were far from reassuring, especially for low-skilled workers.

The paper notes that artificial intelligence technologies could lead to economic benefits, but “[t]hose economic benefits, however, will not necessarily be evenly distributed across society.”

The White House said that other researchers have projected potential job losses in the next 20 years at anywhere from 9 percent to 47 percent, and that lower-skilled and lower-paid jobs are likely to be most at risk : Research […]

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Chip Somodevilla-Getty Images A new report from the White House warns that millions of jobs could be automated out of existence in coming years. But it cautions against one much discussed solution: giving away free money.

The report , published this week by the President’s Council of Economic Advisers, joins a growing body of work forecasting massive jobs losses due to automation and artificial intelligence. A paper published in 2013 by Oxford University researchers, for example, estimated that as many as 47 percent of all jobs could eventually be automated. The new report, likewise, forecasts millions of job losses in […]

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Dec 20 2016 Perth council Perth Courier

Perth will now be pursuing becoming a pilot location for the Ontario government’s proposed basic income guarantee.

Mayor John Fenik won the approval of Perth town council on Tuesday, Dec. 20, to contact the Ontario Ministry of Community and Social Services the next morning to see if the town could one of the test sites.“I’m really sold on the basic income idea,” said Fenik. “I want Perth to be on the list for this,” but he hastened that he did not want to pursue the idea without council’s support first.“I’m reaching out to you, […]

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Traders and financial professional work on the floor of the New York Stock Exchange (NYSE), December 20, 2016 in New York City. Since Nov. 8, the Dow has surged more than 8 percent and has posted 17 record closes as it continues to approach the 20,000 mark (Photo : Drew Angerer/Getty Images) Facebook co-founder Chris Hughes and other interested entrepreneurs and tech authorities have recently pledged $10 million in order to fund the research on universal basic income.

Everything is moving forward and technology most of all is getting highly advanced. The main factor when it comes to technology and […]

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