Universal Basic Income: For Better And For Health

Universal Basic Income: For Better And For Health

Stress affects most people. In fact, young children get stressed too, even though the reason for why they feel that way is far simpler compared to adults. Typically, it’s just related to their play time being interrupted by something like the need to study, clean up, take a bath, eat or even sleep. For adults, it’s much more complex. Or is it really? When you think about it, the stress that most adults feel boils down to one thing: money. More specifically, the lack of it.

Generally, it’s the drive to meet basic needs like food, shelter and clothing that […]

More countries testing Basic Income, economists continue crying, losing hoap

> Economist
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So many redditors here this morning

Economist b49d Don’t know what they did but I’m sure the first thing the IMF did when they knocked on their door was to say: "why on earth are you paying people to not work" You know guys, automation is not a problem. Its actually good. It frees up labor to go do other more useful stuff and that generally is better compensated. Automation will only become an issue when machines can build themselves and produce every step for all the materials they need to produce […]

Demonstrators urge province to take immediate action on basic income

Demonstrators urge province to take immediate action on basic income

Helena Jaczek, Minister of Community and Social Services, visited Sudbury, Ont., on Monday to talk about the provincial government’s plan to implement a basic income pilot project. (CBC) A meeting to discuss the Ontario government’s plan to implement a basic income pilot project was briefly interrupted on Monday evening in Sudbury, Ont., by calls to immediately hike social assistance rates.

Members of the Raise the Rates campaign held a straw poll. They asked people in the audience if they want the province to bring Ontario Works payments up to $1,320 a month and increase disability payments by $500, as recommended […]

Universal Basic Income: Not Just An Idea But A Feasible Solution

Universal Basic Income: Not Just An Idea But A Feasible Solution

Universal basic income is a concept that pertains to giving an amount of money to citizens without any requirements or conditions other than being legal citizens and probably a certain minimum age (most likely what’s considered as the working age). Although the idea of handing out money for free is generally viewed in a negative rather than a positive light, maybe it’s time to rethink and reconsider our perceptions.

Ideally, the amount of guaranteed basic income should be enough to cover basic needs like food, clothing and shelter, but insufficient for everything else. That way, recipients will still be motivated […]

Two Canadian provinces look to provide poor with basic income

Two Canadian provinces look to provide poor with basic income

Two Canadian provinces are developing a plan to provide its poorest residents with a basic income from the government.

Ontario is looking to launch its program – the first of its kind considered in North America in decades – next spring to provide a guaranteed annual income for people and families in need.

Now Prince Edward Island’s legislature has unanimously approved developing a similar pilot project with the federal government.It was felt that such a plan would help families build their way back while reducing government bureaucracy.Ontario named former Senator Hugh Segal to study the options in a $25-million test project […]

Progressives push guaranteed income plan to woo working class

Progressives push guaranteed income plan to woo working class

The idea offers a window into how some progressives are attempting to deal with the aftermath of President-elect Trump’s victory over Hillary Clinton last month, and broaden the appeal of liberal policies to frustrated working class voters. (iStock Photo) A liberal coalition is pushing for the implementation of a basic salary for all Americans that would be funded by federal taxpayers.

The Economic Security Project, unveiled this week, said its proposal addresses the question of how to undo the rigged economic system in the U.S. and improve the well-being of everyone struggling to get by financially.

The project plans to invest […]

Why now is the time to cash in your final salary pension

Why now is the time to cash in your final salary pension

Simon Major decided to take the cash from his scheme The millions of people who save into final salary pension schemes have always faced the temptation of transferring their savings to an alternative pension.

While final salary or “defined benefit” pensions pay a guaranteed income for life, they are not as flexible as the alternative “defined contribution” plans.

Under the latter, you can take multiple lump sums and pass any unused savings down the generations free of inheritance tax. In a final salary scheme income is typically not paid after the death of the member’s spouse.Transferring from a final salary to […]

Elon Musk Foresees us Adopting Some Form of Universal Basic Income

Likelihood of Automated Jobs

It’s become pretty common knowledge by now that as robots and artificial intelligence are automating many tasks, there is concern over what jobs would still be available for humans. We’ve already seen large number of job losses in the manufacturing industries, McDonald’s is replacing workers with automated kiosks, and there is even an artificial intelligence Lawyer called Ross Intelligence that has started being hired by some firms. "THERE IS A PRETTY GOOD CHANCE WE END UP WITH A UNIVERSAL BASIC INCOME, OR SOMETHING LIKE THAT, DUE TO AUTOMATION."
– Elon Musk, Founder and CEO of […]

P.E.I. MLAs effusive in their support for basic-income pilot project

P.E.I. MLAs effusive in their support for basic-income pilot project

The motion to work with the federal government in hopes of setting up a basic-income pilot project on the Island was supported by all parties. (Kerry Campbell/CBC) The P.E.I. Legislature agreed unanimously Tuesday to have the province work with the federal government in hopes of setting up a basic-income pilot project on the Island.

The idea is to guarantee a minimum amount of money in government support each month to those living in poverty.

Green Party Leader Peter Bevan-Baker put forward the motion, which was supported by all parties.Bevan-Baker said a successful pilot project could reduce poverty, improve health and mental […]

Basic income pilot project meeting Jan. 12 in Cobourg

Basic income pilot project meeting Jan. 12 in Cobourg

Lou Rinaldi Public consultations about launching a basic income pilot project are taking place in Cobourg Jan. 12, says Northumberland-Quinte West MPP Lou Rinaldi.

A series of these public sessions are taking place across Ontario to “refine” the report from Hugh Segal entitled: “Finding a Better Way – A Basic Income Pilot Project for Ontario,” he said.

According to a summary of Segal’s report: “A pilot project must begin with an understanding of the costs of poverty, not only in present welfare and disability payments, but also in terms of added pressures on our health system, and the Ontario economy as […]