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Keyword: basicincome

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  • Chicago Is Next To Look At The Universal Basic Income

    08/11/2018 5:49:58 PM PDT · by SeekAndFind · 51 replies
    Hotair ^ | 08/11/2018 | Jazz Shaw
    It’s the year of the Democratic Socialist and that means that some relatively crazy ideas are all the rage. One of the biggest is the dream-like vision of a society where you get paid whether you work or not. It’s known as universal basic income (UBI) and it fits in nicely with the idea of each according to his needs. Can it work in the United States, particularly in some of our cash-strapped major cities? We may find out soon enough because Chicago is looking at giving it a go. (Free Beacon) Officials in Chicago want to test the...
  • Obama: Consider a universal basic income

    07/17/2018 4:49:55 PM PDT · by PROCON · 100 replies
    theweek.com ^ | July 17, 2018
    In his first major speech since leaving office, former President Barack Obama endorsed the idea of providing a universal basic income. Speaking at the Nelson Mandela Annual Lecture in South Africa on Tuesday, Obama raised the notion of guaranteed income as a way to reduce what he called "yawning disparities" in wealth, education, and security across different socioeconomic groups. "It's not just money that a job provides," said Obama. "It provides dignity and structure and a sense of place and a sense of purpose. So we're going to have to consider new ways of thinking about these problems, like a...
  • California Mayor Paying Residents Not To Commit Violent Crimes

    07/11/2018 8:23:23 PM PDT · by SeekAndFind · 28 replies
    Hotair ^ | 07/11/2018 | Jazz Shaw
    Back in May, we looked at a story out of Stockton, California, where their new, young mayor, Michael Tubbs had some unusual plans in mind. Stockton is frequently plagued with violent crime and deals with endemic poverty issues. Tubbs wanted to find a unique way to help some people out. A few of his ideas were clearly well intended and forward thinking. For example, he was partnering with private sector benefactors to try to offer college scholarships for qualifying students without further burdening the municipal budget.Some of his other ideas were a bit more, um… out there. And he’s...
  • Finnish Failure: Guaranteed Basic Income Punishes Work, Subsidizes Sloth

    04/30/2018 9:54:12 AM PDT · by SeekAndFind · 28 replies
    IBD ^ | 04/29/2018
    The latest "big idea" in the U.S. is the Universal Basic Income a guaranteed income for all. Progressives of course like the idea, but even some conservatives and libertarians do, too. Only one problem: It doesn't work. Ask Finland, a highly progressive Scandinavian country that has an ongoing guaranteed income experiment, but is abandoning it. Starting in 2017, the two-year Finnish program selected a random group of 2,000 unemployed people and gave them a monthly income roughly equal to about $678 for doing ... nothing. The government hoped that many participants would flood back into the labor market. But...
  • Finland ends universal basic income experiment

    04/23/2018 6:53:07 PM PDT · by tcrlaf · 43 replies
    Telegraph ^ | 4-23-2018 | James Crisp
    inland has decided to end its experiment with a universal basic income, in which people are paid an unconditional salary by the state instead of benefits. The idea of a universal basic income has high-profile champions such as Richard Branson, Facebook boss Mark Zuckerberg and Tesla CEO Elon Musk. But the Finnish government's enthusiasm for a pilot scheme, a European first which garnered worldwide attention, is petering out. Calls for extra funding for it were rejected and the two year trial will not be extended after next year.
  • Joe Biden Slams Universal Basic Income: A job Is About a Lot More Than a Paycheck

    03/28/2018 6:17:34 PM PDT · by Olog-hai · 42 replies
    Newsweak ^ | 3/28/18 at 4:55 PM | Nicole Goodkind
    Those who support the idea of a universal basic income are class clueless, former Vice President Joe Biden said in an interview Wednesday. Universal basic income, a program that would guarantee a minimum income for all Americans, has been gaining popularity as job displacement due to advances in technology continue. A recent Gallup poll found 48 percent of Americans support a universal basic income for workers who are replaced by artificial intelligence. But Biden, who is rumored to be eyeing a presidential run in 2020, said he does not believe thats the way America is built. Instead, its a concept...
  • Formerly bankrupt Stockton to see what happens when residents are given a universal basic income.

    02/08/2018 9:36:08 AM PST · by SeekAndFind · 53 replies
    American Spectator ^ | 02/08/2018 | Steven Greenhut
    If the states are supposed to be laboratories for democracy, where new ideas that reflect regional attitudes can flourish, then cities are like micro-laboratories. Local governments can try out ideas that would never get statewide traction. Unfortunately, some California cities are more like laboratories run by Dr. Frankenstein, where frightening concepts are given life and local residents have few other choices than to flee to other places. Most conservatives are familiar with the goings-on in San Francisco, where stringent rent-control laws have I know youre surprised by this led to the least affordable rents and most unaffordable...
  • Universal Basic Income Insanity or Rational?

    01/03/2018 10:29:16 AM PST · by SeekAndFind · 56 replies
    Armstrong Economics ^ | 01/03/2018 | Martin Armstrong
    QUESTION: What is your opinion of Elon Musk and Mark Zuckerberg idea of universal income? ANSWER: The idea of free money being touted by Elon Musk and Mark Zuckerberg only demonstrates that they know nothing about humanity or economics. They see universal free money as a cushion for workers whose jobs might be replaced by automation or robots. They argue that free money could provide workers with the flexibility to retrain for a new career, pursue creative interests, or start their own business.If we are talking about a temporary benefit during a retraining period, then that is an entirely different...
  • A New Trial in Scotland May Bring Universal Basic Income to Life

    12/27/2017 6:22:44 PM PST · by confederatecarpetbag · 28 replies
    Futurism ^ | Lou Del Bello
    Advocates of universal basic income believe that the unconditional offer of a regular, though tiny, sum of money could help many get back on their feet, and even encourage them to invest in new business ideas. However, people from both sides of the political aisle have engaged with the proposal, which would cost money upfront but could deliver important savings by replacing unemployment benefits...
  • Utopia in one city: Stockton

    10/22/2017 9:04:59 AM PDT · by rktman · 60 replies
    americantyhinker.com ^ | 10/22/2017 | Thomas Lifson
    Of all the candidates for utopia, Stockton, California would be on the bottom of my list. But a 27-year-old mayor, with the backing of a foundation, is trying for utopia, as seen by supporters of the Mommy State: Universal Basic Income. Futurism.com writes: Stockton, California, is about to become the first city to test government-supported universal basic income in the U.S. The program is the idea of the city's 27-year-old mayor and will be primarily funded by the basic income advocacy group Economic Security Project.
  • Why Universal Basic Income Is a Pipe Dream

    10/19/2017 9:07:00 AM PDT · by SeekAndFind · 31 replies
    Foundation for Economic Education ^ | 10/19/2017 | by Peter St. Onge
    One future-related proposal getting a lot of attention nowadays is the Universal Basic Income. The idea is to give everybody some money every month typically something like $1,000 a month. That is not enough for everybody to live luxuriously, but enough for everybody to get by without needing to work. Supporters say its needed because the robots will take all the jobs, plus they hope it will raise entrepreneurship. While others say robots are a false alarm, that well have a surplus of jobs so why pay people trillions to sit on the couch and refuse to work. Its...
  • If Hillary Had Won, We Might All Be Getting Paid to Live in America

    10/12/2017 6:34:10 PM PDT · by 2ndDivisionVet · 35 replies
    Cheat Sheet ^ | October 12, 2017 | Sam Becker
    Hillary Clinton gave consideration to a national basic income program in 2016. The goal was to raise incomes using the Alaska model. If the chips had fallen in the right places, it could have led to every American getting a monthly check from the government. Most Americans are sick of hearing about Hillary Clinton. Enough people didnt trust her, didnt like her, or couldnt be persuaded to vote for her, which led to Donald Trumps victory. After that, we expected her to fade away to ride off into the sunset with Bill and enjoy retirement. She did fade away...
  • How to Fund a Universal Basic Income Without Increasing Taxes or Inflation

    10/07/2017 10:29:08 PM PDT · by 2ndDivisionVet · 73 replies
    Truth Out ^ | October 7, 2017 | Ellen Brown, The Web of Debt Blog
    The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen September 21-23rd, most participants said no. This is my rebuttal. In May 2017, a team of researchers at the University of Oxford published the results of a survey of the world's best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years....
  • Hillary Clinton almost ran for president on a universal basic income

    09/12/2017 4:45:58 PM PDT · by 2ndDivisionVet · 31 replies
    Vox ^ | September 12, 2017 | Dylan Matthews
    In perhaps the single most astounding passage of her campaign memoir What Happened, Hillary Clinton reveals a campaign proposal she formulated with staffers but never actually released: a universal basic income for Americans, funded by carbon and financial transaction taxes. "I wanted very much to convey a commitment to trying to figure ways to raise incomes," she said in an interview with Vox's Ezra Klein. "The Alaska model where they write a check to every single Alaskan every year based on a formula about the oil and gas revenues was really intriguing to me. Heres the relevant passage of the...
  • A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says

    09/04/2017 11:04:34 PM PDT · by blueplum · 157 replies
    CNBC ^ | 02 September 2017 | Catherine Clifford
    Giving every adult in the United States a $1000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income. The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study. [snip] These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the...
  • A basic income really could end poverty forever

    07/17/2017 9:00:32 PM PDT · by 2ndDivisionVet · 77 replies
    Vox ^ | July 17, 2017 | Dylan Matthews
    I first heard the term basic income in the socialist magazine Dissent in 2005. I was a 15-year-old leftist with a taste for weird, radical plans to restructure society: say, having the government buy up majority stakes in every company and then distribute them equally to every American; converting all companies into worker cooperatives; trying a planned economy where the planning is done by decentralized worker and consumer councils rather than a government bureaucracy. Basic income, wherein the government gives everyone enough cash to live on with no strings attached, struck me as an idea in that mold: another never-going-to-happen...
  • Hawaii Just Became The First US State To Pass A Bill Supporting Basic Income (UBI)

    06/15/2017 3:12:59 PM PDT · by blam · 82 replies
    Business Insider ^ | 6-15-2017 | Dom Galeon, Futurism
    Innovation and forward-thinking may be Hawaii's two biggest exports in 2017. Earlier this month, the state earned the distinction of being the first in the U.S. to formally accept the provisions of the Paris Climate Agreement after President Donald Trump decided to withdraw the nation from it, and now, Hawaii is taking the lead in embracing yet another innovative idea: universal basic income (UBI). On June 15, Hawaii state representative Chris Lee wrote a Reddit post about House Concurrent Resolution 89, a bill he says he introduced in order to "start a conversation about our future." According to Lee, "After...
  • Basic income hailed as way to give people chance to chase their dreams

    05/25/2017 2:14:48 PM PDT · by 2ndDivisionVet · 56 replies
    The Toronto Star ^ | May 25, 2017 | Laurie Monsebraaten, Social justice reporter
    For many years, Regent Park resident Sam Haque thought the Disney adage: If you can dream it, you can do it was advice only for people of privilege. I thought it was only something rich parents tell their children, he says. But Im proof that everyone can do it. And thats the message Im trying to get out there. Haque, 35, who came to Toronto with his mother from Bangladesh when he was 15, turned his back on an opportunity to go to law school about eight years ago to follow his passion for doodling and design, and created Wise...
  • Report says basic income may not reduce poverty, advocates firmly disagree

    05/24/2017 8:28:18 PM PDT · by 2ndDivisionVet · 19 replies
    Humanosphere ^ | May 24, 2017 | Joanne Lu
    As the global economy stares down the barrel of rising inequality and increased automation, more countries are toying with the idea of a universal basic income. But a new report by the Organization for Economic Cooperation and Development (OECD) is less than enthusiastic, saying that without significant tax hikes, a basic income would do little to reduce poverty and even exacerbate it in some cases. That conclusion is very problematic for a welfare reform that advocates bill as a solution to poverty. A small safety net of cash distributed to everyone regardless of income level or employment status, prevents people...
  • No Need For Basic Income: Five Policies To Deal With The Threat Of Technological Unemployment

    03/27/2017 1:45:46 PM PDT · by 2ndDivisionVet · 22 replies
    Social Europe ^ | March 27, 2017 | Henning Meyer
    The potential threat of technological unemployment is one of the most hotly debated economic issues of our times: in boardrooms and trade union offices but also increasingly amongst policy-makers. The catch-all term digital may have been added to numerous political concepts in recent years but beyond such branding there has been very little debate of substance about what a comprehensive policy response to this threat should be. We do not know whether some of the more sombre predictions about large-scale job losses will materialize but we do know that governments and others need to be prepared if and when substantial...