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  • Boston Globe Accidentally Reports That Raising the Minimum Wage Kills Jobs

    07/06/2016 5:19:36 PM PDT · by Kaslin · 15 replies
    PJ Media ^ | July 6, 2016 | Tom Knighton
    Many Americans are campaigning for a raise in the minimum wage. Even more Americans are struggling just to find jobs at any wage.Yup -- those two news items are related.While trying to present a case for the Massachusetts state legislature to approve a program that provides summer jobs to teens at non-profits and government agencies, an editorial at the Boston Globe accidentally explained why artificially imposed minimum wages kill job opportunities.I don’t think the Globe even realized it, either: The program provides money for YouthWorks, which pays the wages of 4,400 low-income teens in eligible cities who work for nonprofits...
  • A Universal Basic Income Approach

    09/16/2015 8:24:46 AM PDT · by 2ndDivisionVet · 40 replies
    Demos' Policy Shop ^ | September 15, 2015 | Matt Bruenig
    It's been a while since I've written about the idea of a universal basic income. So I figure an update is in order. The typical UBI proposal you see picks a certain dollar amount and then declares that it should go equally to all adults. I disagree with this in two ways. First, I think that children should also receive a basic income (paid to their parents). Second, I think that UBI payments should vary based on age. Neither of these additions negates the chief administrative advantages of the UBI because they don't introduce means-testing. It's trivially easy to vary...
  • What If Everybody Didn't Have to Work to Get Paid?

    05/20/2015 8:27:35 PM PDT · by 2ndDivisionVet · 70 replies
    The Atlantic ^ | May 18, 2015 | David R. Wheeler
    Scott Santens has been thinking a lot about fish lately. Specifically, he’s been reflecting on the aphorism, “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for life.” What Santens wants to know is this: “If you build a robot to fish, do all men starve, or do all men eat?” Santens is 37 years old, and he’s a leader in the basic income movement—a worldwide network of thousands of advocates (26,000 on Reddit alone) who believe that governments should provide every citizen with a monthly stipend big...
  • Your Government Owes You a Job

    04/29/2014 12:47:26 AM PDT · by 2ndDivisionVet · 52 replies
    The Nation ^ | April 23, 2014 | Raúl Carrillo
    The federal government can easily afford a job guarantee program, becoming our employer of last resort.Involuntary unemployment is barbaric. In the wealthiest country in history, almost 30 million people wish they had full-time work. But, as always, there aren’t enough jobs. And because economic security requires decent work, it’s unsurprising that 50 million people are poverty-stricken and 16 million children are hungry. This is a disgrace and an economic error: the US government can easily afford a Job guarantee (JG) program, becoming our employer of last resort. A right to a job may sound outlandish, but it’s common sense. You...
  • Establishment Proposes: “Have the Government Give Every Adult a Basic Income” (Insanity alert)

    11/23/2013 6:27:32 PM PST · by RWB Patriot · 44 replies
    SHTF plan ^ | 11-18-2013 | Mac Slavo
    With government intervention now becoming the only viable solution being touted for everything from individual health care and the economy to our personal safety and how we educate our children, it would only make sense that officials in Washington also figure out a way to use their power of confiscation and redistribution to equalize the income playing field. It’s no secret that 48 million Americans require nutritional assistance just to put food on the table, or that over 100 million of us are living in or at the very edge of poverty, or that nearly one in three of us...
  • Swiss to vote on $2,800 monthly income for all adults

    10/04/2013 12:36:48 PM PDT · by Kip Russell · 40 replies
    MSN World ^ | Oct 4, 2013 | Alice Baghdjian
    Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis. A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs — about $2,800 — per month from the state, with the aim of providing a financial safety net for the population. Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-cent coins outside the parliament building in Bern, one...
  • A Town Without Poverty?

    11/09/2012 6:38:06 AM PST · by ksen · 56 replies
    The Dominion ^ | 9/5/2011 | VIVIAN BELIK
    WHITEHORSE, YK—Try to imagine a town where the government paid each of the residents a living income, regardless of who they were and what they did, and a Soviet hamlet in the early 1980s may come to mind. But this experiment happened much closer to home. For a four-year period in the '70s, the poorest families in Dauphin, Manitoba, were granted a guaranteed minimum income by the federal and provincial governments. Thirty-five years later all that remains of the experiment are 2,000 boxes of documents that have gathered dust in the Canadian archives building in Winnipeg. Until now little has...
  • The Ultimate Question For Democrats: (Joseph Farah: Stop Being Coy; Admit You ARE Socialists Alert)

    08/07/2007 12:06:08 AM PDT · by goldstategop · 12 replies · 714+ views ^ | 08/07/2007 | Joseph Farah
    So what's wrong with Democrats in this country? Why are they being so reactionary? Why do they insist on holding out on so many of their constituents? How long will it take them to achieve their stated goals with such a penny ante approach to redistribution of wealth? If heath insurance is, as they insist, a universal right, isn't food? Isn't shelter? Isn't clothing? Why are there no proposals being made to ensure all Americans can get free food, free housing and free clothing among other essentials? If you get a chance – at a town hall meeting or at...
  • It’s time for a guaranteed national income

    11/08/2005 4:20:51 PM PST · by SJackson · 87 replies · 2,022+ views
    Lakeland Times ^ | November 08, 2005 | Richard Moore
    I was watching MSNBC a few nights ago, or maybe it was CNN, and one of the program’s featured shots was a live picture from Bourbon Street in New Orleans. It was packed and the people were sassy and partying – normal, in other words. Indeed, the commentator used that, very word and stressed the importance of it. He said it again – New Orleans is returning to normal. How depressing it was to hear that because of all things we want for that city, we should not ever again want it to be its old normal self. Normal –...
  • Hipsters On Food Stamps, Part 1 & 2

    01/12/2014 9:36:39 PM PST · by 2ndDivisionVet · 14 replies
    The Last Psychiatrist ^ | November 10, 2012
    "In the John Waters-esque sector of northwest Baltimore -- equal parts kitschy, sketchy, artsy and weird -- Gerry Mak and Sarah Magida sauntered through a small ethnic market stocked with Japanese eggplant, mint chutney and fresh turmeric. After gathering ingredients for that evening's dinner, they walked to the cash register and awaited their moments of truth." Those are two "hipsters", and the punchline is that they pay for their foodie porn with foodie stamps, which sounds like it should be a terrible thing, except it's in, which means they're going to try and tell you how it's a good...
  • The Peace and Freedom Party: Founded on Anti-Americanism

    03/24/2005 9:36:32 AM PST · by Pendragon_6 · 4 replies · 792+ views
    Discoverthe ^ | 8-11-2004 | David Yeagley
    PEACE and Freedom Party Phone :510-465-9414 (In Case You Want to Puke on Them, p6) PEACE AND FREEDOM PARTY Phone :510-465-9414 URL : RESOURCES Socialist and feminist political party based in California Nominated Black Panther Eldridge Cleaver for U.S. President in 1968 Nominated convicted killer Leonard Peltier for U.S. President in 2004 Supports open borders and an end to deportations of illegal immigrantsEstablished on January 23, 1967, the Peace and Freedom Party (PFP) describes its founders as "people who wanted to vote for something they could support." According to PFP, this ruled out candidates of both major parties...
  • Robots will take many of our jobs – and that's good

    07/20/2015 4:57:12 AM PDT · by SeekAndFind · 59 replies
    OC Register ^ | 07/20/2015 | By PER L. BYLUND
    New technologies fascinate us – from the precision of robotic surgery to the potential of Amazon dropping packages on our doorsteps via drone. But at the same time, there is anxiety over robots and artificial intelligence making human labor unnecessary and, ultimately, replacing us. Fear of the changes innovation brings is nothing new, and the reality is that robots will eventually replace us in many or most of today’s jobs and that’s, in fact, a glorious thing. Yes, jobs will be destroyed by innovation, as they’ve always been, but it doesn’t mean we’ll run out of jobs. New ones will...
  • In the 50-Year War on Poverty, Bureaucrats Have Won while Both Taxpayers and Poor People Have Lost

    09/22/2014 12:05:50 PM PDT · by Kaslin · 15 replies ^ | September 22, 2014 | Daniel J. Mitchell
    We know the welfare state is good news for people inside government. Lots of bureaucrats are required, after all, to oversee a plethora of redistribution programs. Walter Williams refers to these paper pushers as poverty pimps, and thereÂ’s even a ranking showing which states have the greatest number of these folks who profit by creating dependency.But does anybody else benefit from welfare programs?Robert Rector of the Heritage Foundation explains in the Washington Times that the War on Poverty certainly hasnÂ’t been a success for taxpayers or poor people. Instead, itÂ’s created a costly web of dependency. This year marks the...
  • Democracy Has Failed Because We Have Failed

    04/29/2014 4:53:17 AM PDT · by 2ndDivisionVet · 25 replies
    The PanAm Post ^ | April 28, 2014 | Frank Worley-Lopez
    Until We Learn to Be Sovereign, the Illegitimate State Will Continue.A recent editorial column here at the PanAm Post spoke of the failures of the opposition parties in Venezuela and their culpability in the collapse of their country. The article raises some very important questions about democracy itself. Democracy, after all, is a very good system, and can produce some very positive results. However, it is also a system fraught with incredible danger. Democracy represents the will of the people, but it also represents their whims, their fears, and their prejudices. The Historical Legacy: False Promises, Division, Failure It was...
  • Millennials are more open to idea of slavery reparations: Study shows...

    05/11/2016 5:11:01 PM PDT · by Libloather · 93 replies
    Daily Mail ^ | 5/11/16
    Millennials are more open to idea of slavery reparations: Study shows majority of young people think African Americans should be compensated for ancestors' suffering **SNIP** Baby boomers between ages 51-69 are similar, with a 79-17 per cent margin against reparations. The numbers start changing when it comes to Generation Xers, with Americans between the ages of 35-50 breaking 73 per cent to 25 per cent against reparations. The biggest shift comes with millennials, with a majority — 51 per cent — saying that reparations should be paid or they were unsure of whether reparations should be paid.
  • Elizabeth Warren Polishes Her Class Warfare Rhetoric

    11/19/2014 7:51:33 PM PST · by 2ndDivisionVet · 37 replies
    PJ Tatler ^ | November 19, 2014 | Stephen Kruiser
    Okayyyyyyy… Elizabeth Warren, in her first major public speech since being elevated to the Democratic leadership in the Senate, slammed Republicans on education, job creation and other economic policies, warning Wednesday that “the American Dream is slipping out of reach.” “We must fight back with everything we have,” Warren told a gathering hosted by the Center for American Progress in Washington. “The game is rigged but we know how to fix it. We know what to do. We tested the Republican ideas and they failed. They failed spectacularly there’s no denying that fact.” As a science fiction fan, I have...
  • Rolling Stone: America Should Replace Capitalism With Socialism

    01/04/2014 4:15:35 PM PST · by mandaladon · 54 replies
    NewsBusters ^ | 4 Jan 2014 | Noel Sheppard
    The next time you wonder just how far to the left Rolling Stone magazine is, consider that in its first issue of the new year, it actually published an article calling for capitalism to be totally abolished in America and replaced with a socialist structure wherein people didn't need to work, all assets were taken over by the government, and redistributed to the masses. Fasten your seatbelts before continuing further: 1. Guaranteed Work for Everybody Unemployment blows. The easiest and most direct solution is for the government to guarantee that everyone who wants to contribute productively to society is able...
  • Reports Of Fraud, Abuse Surround Federal Free Phone Program

    07/23/2012 1:59:36 PM PDT · by kevcol · 49 replies
    CBS Minnesota ^ | July 19, 2012 | Liz Collin
    MINNEAPOLIS (WCCO) — A federal program is giving away thousands of free cell phones and minutes in Minnesota, and you’re paying for it. Helping low-income people connect to services they need, the program gives free phones with hundreds of free minutes each month to people in need to land jobs, make appointments and stay in touch with family. But the program has come under fire for its $1 billion price tag and reports of fraud. . . Odell Hilson sold his phone for $20 because he needed the money. He didn’t remember which company gave it to him, but he...
  • The secret to Trump's success: Treating us with respect

    05/23/2016 8:29:25 PM PDT · by Trumpinator · 28 replies ^ | Monday, May 23, 2016 12:15 am | Edward Farling, Holland
    The secret to Trump's success: Treating us with respect Posted: Monday, May 23, 2016 12:15 am By EDWARD FARLING Richard Cohen and the New York Times have, quite unintentionally, explained to me Donald Trump's appeal. The explanation was wrapped in the usual patronizing characterizations of his supporters; racist, hateful, uneducated (and therefore unintelligent), but it is not that. Trump supporters want jobs. Sure, the pundits never said it. They hate Trump and dismiss his supporters, and would never give them that much credit. But they did manage to leave it as the only logical conclusion. From the first of Cohen's...
  • Tired of capitalism? There could be a better way.

    10/01/2015 2:51:34 PM PDT · by dynachrome · 76 replies
    Washington Post ^ | 9-30-15 | Matt Bruenig
    "Matt Bruenig is researcher of poverty and welfare systems at the think tank Demos." By now, it is well established that capitalism is fundamentally built upon threats of force. As libertarian philosophers Robert Nozick and Matt Zwolinski have explained, the only way to turn unowned natural resources (such as land, minerals and other goods) into privately owned property is by violently preventing all others from using them. This one-sided exclusion destroys freedom of movement and cuts many people off from the things that they need to survive.
  • Why bother with a $15 minimum wage? [ad absurdum]

    03/13/2015 11:11:27 AM PDT · by Jim Robinson · 59 replies
    Jim Robinson
    Let's just get it over with and go for a guaranteed income for all. If you work and earn less than the guaranteed income, the government will pay you the difference. If you don't work, the government will pay you the guaranteed amount anyway. After all, a living wage is a human right. As is healthcare. The government should provide it. As is housing. Food. Clothing. Cell phones. Internet. Transportation. Vacations. But we must all pay our fair share. Those earning less than the guaranteed income will receive a check from the IRS. Those earning more than the guarantee up...
  • Dear Government: Leave Me the Hell Alone (UBI)

    05/13/2016 10:21:39 AM PDT · by blam · 19 replies
    TDR ^ | 5-11-2016 | Michael Covel
    May 11, 2016 Michael Covel An insidious new fantasy is blooming in Washington, D.C, academia and the media… Democratic presidential candidate Bernie Sanders dreams about it in between bong hits. It’s lovingly endorsed by “off the wall” left-wing economist Paul Krugman. And the ultra-progressive Huffington Post calls it “the idea that could revolutionize the 21st century.” The hype surrounding this “revolutionary” idea will soon be an everyday talking point. And if you’re a hard-working citizen who takes care of your own responsibilities, you should pay extra close attention… Because you’re about to get fleeced and forced to enjoy it… Utopian...
  • Referendum offered money for nothing, and the Swiss say 'no'

    06/05/2016 10:25:20 AM PDT · by Olog-hai · 54 replies
    Associated Press ^ | Jun. 5, 2016 9:43 AM EDT
    Swiss voters overwhelmingly rejected a proposal that would have guaranteed everyone in the Alpine nation an unconditional basic income, according to projections published Sunday by public broadcaster SRF1. The plan could have seen people in this wealthy nation of 8 million people receive about 2,500 Swiss francs ($2,560) per month — enough to cover their basic needs. Proponents argued that a basic income would free people from meaningless toil and allow them to pursue more productive or creative goals in life. Critics said the plan would explode the state budget and encourage idleness, arguments that appear to have convinced voters....
  • Finland is considering giving every citizen $1000 a month

    12/06/2015 12:35:23 PM PST · by bigdaddy45 · 93 replies
    Authorities in Finland are considering giving every citizen a tax-free payout of €800 (£576) each month. Under proposals being draw up by the Finnish Social Insurance Institution (Kela), this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income. Unemployment in Finland is currently at record levels, and the basic income is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments.
  • Switzerland to vote on $2,800 monthly ‘basic income’ for adults

    10/05/2013 8:31:14 PM PDT · by grundle · 31 replies ^ | October 5, 2013 | Eric Pfeiffer
    More than 100,000 residents in Switzerland have signed a petition demanding that the government ensure a minimum monthly income of nearly $2,800 (2,500 Swiss francs) for all adults in the country. The 120,000 signatures are enough to formally call a vote in the government over whether or not to approve the “CHF 2,500 monthly for everyone" (Grundeinkommen)” funding proposal. Funding for the proposed measure would come out of the Swiss social insurance system, which already guarantees universal health care coverage for its citizens, along with other benefits designed to uphold the country’s social safety net.
  • A Florida man will be the first in the US to get paid $1,250 per month for doing absolutely nothing

    06/06/2016 12:14:45 PM PDT · by PROCON · 75 replies ^ | June 6, 2016 | Chris Weller
    For the next 12 months, a man from Sarasota, Florida will receive $1,250 a month for doing absolutely nothing, and the people footing the bill couldn't be happier about it. The recipient, a man named Edwin who declined to speak to the press, won the $15,000 in a raffle held in San Francisco on May 31. The giveaway was organized by the nonprofit advocacy group My Basic Income, which wants to set up a slew of lotteries to see how basic income might work around the world.
  • Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens

    01/29/2016 5:25:06 PM PST · by blam · 39 replies
    Zero Hedge ^ | Tyler Durden
    Tyler DurdenJanuary 29, 2016 With Citi's chief economist proclaiming "only helicopter money can save the world now," and the Bank of England pre-empting paradropping money concerns, it appears that Australia's largest investment bank's forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a "basic monthly income" for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job. The plan, as The Daily Mail reports,...
  • Helicopter Money Arrives: Switzerland Referendum to Hand Out $2500 Monthly To All Citizens

    01/30/2016 10:12:20 AM PST · by ak267 · 33 replies
    zero hedge ^ | 1-29-2016 | Tyler Durden
    With Citi's chief economist proclaiming "only helicopter money can save the world now," and the Bank of England pre-empting paradropping money concerns, it appears that Australia's largest investment bank's forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a "basic monthly income" for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.
  • Swiss voters reject 'money for nothing' income plan

    06/05/2016 6:22:02 AM PDT · by BenLurkin · 20 replies
    ruerters ^ | 06/05/2016
    Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation. Supporters had said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18 no matter how much they work would promote human dignity and public service. Opponents, including the government, said it would cost too much and weaken the economy.
  • [Rasmussen] 11% Think Government Should Provide Basic Income Grant for All

    09/02/2011 7:53:35 AM PDT · by fwdude · 74 replies
    Rasmussen Reports ^ | 09/01/2011 | Scott Rasmussen
    The latest Rasmussen Reports national telephone survey of Likely Voters shows that only 11% favor a proposal for the federal government to provide every single American with a basic income grant, or enough money to enjoy a modest living regardless of whether they choose to work or not. Eighty-two percent (82%) oppose this idea. (To see survey question wording, click here.)
  • America is running out of jobs. It's time for a universal basic income.

    09/09/2014 11:43:55 AM PDT · by DannyTN · 192 replies
    The Week ^ | 09/09/2014 | Ryan Cooper
    The politics of a guaranteed income get a lot easier when you acknowledge that the U.S. is no longer the land of opportunity ... However, there are other trends that may be interacting with and exacerbating this original sin. Automation and globalization had already largely hollowed out America's manufacturing employment base; most jobs created during this "recovery" have been in crappy low-wage work. And when one takes automation to its obvious logical end, it's hard not to conclude that robots will soon be putting just about everyone out of a job. ... As someone with a nice, stimulating job, I...
  • 'Guaranteed Income' Is a Comically Awful Poverty Solution

    05/10/2016 4:16:53 AM PDT · by expat_panama · 28 replies
    Real Clear Markets ^ | May 10, 2016 | John Tamny
    New York Magazine's Annie Lowrey excitedly writes "that there's a welfare-policy idea that is very in vogue. That idea is just giving everybody enough money to live on, rich or poor, old or young, working or not working. It is called a universal basic income." She adds that the idea has captured the imagination of Silicon Valley technologists, European socialists, U.S. policymakers on the left and right, and seemingly everyone in between. And while Lowrey is hedging herself as to whether a universal basic income or guaranteed income will succeed, it doesn't take much casual analysis to see that what...
  • Finns, Americans and the Income Guarantee

    12/20/2015 6:37:27 AM PST · by Kaslin · 11 replies ^ | December 20, 2015 | Paul Jacob
    Some folks think the world owes them a living. Must we appease them? Should government hand every man, woman and child a check each month to make sure we're all taken care of? Finland is looking at this basic idea, which Finns dub an "unconditional basic income" (UBI). One proposal suggests providing every Finn 800-Euros a month without regard to income, or lack thereof. Polling shows the basic idea is quite popular, with 69 percent of Finns endorsing a slightly more generous proposal. It sounds like Democrat George McGovern's "guaranteed annual income," which was mocked and ridiculed during the 1972...
  • Switzerland's voters rejects basic income plan

    06/05/2016 5:53:42 PM PDT · by E. Pluribus Unum · 21 replies
    BBC News ^ | June 5, 2015
    There was little support among Swiss politicians for the idea and not a single parliamentary party came out in favour, but the proposal gathered more than 100,000 signatures and was therefore put to the vote under the Swiss popular initiative system. Critics of the measure said that disconnecting the link between work done and money earned would have been bad for society. But Che Wagner from the campaign group Basic Income Switzerland, argued before the vote that it would not be money for nothing. "In Switzerland over 50% of total work that is done is unpaid. It's care work, it's...
  • Thinking Utopian: How about a universal basic income?

    05/13/2013 5:07:01 AM PDT · by Sir Napsalot · 44 replies
    Wonkblog (WaPo)) ^ | 5-11-2013 | Mike Konczal
    In light of the recent Oregon Medicaid study, several people have discussed the idea of taking parts of the social insurance system and replacing them with cash benefits. This naturally brings up the debate about whether it should be a policy goal for the United States to adopt a universal basic income (UBI). These poverty-level targeted incomes are universal and unconditional, so everyone would get them regardless of their income, status or work participation. Wonkblog’s Dylan Matthews wrote an overview of universal basic incomes and some proposals for such a system last year. Though establishing a basic income was once...
  • Universal Basic Income(free money for life coming soon)

    07/20/2011 9:55:19 AM PDT · by mainestategop · 30 replies
    Mainestategop ^ | 7/19/11 | Mainestategop
    The above title should say it all. It is a currently unheard of social program but one that will become widely known just like Social security and Universal health care. The Universal Basic Income is essentially getting free money for life with no strings attached. ABSOLUTELY NONE! It is already beginning to take hold in New Zealand and is being contemplated (not surprisingly) by that Communist liberal utopia that Democrats want us to emulate, the European Union. According to websites such as basic and similar websites advocating the implementation of UBI, everyone would receive somewhere between six hundred to...
  • The Conservative Case for a Guaranteed Basic Income: To reduce government spending and intrusion.

    08/06/2014 7:20:57 PM PDT · by SeekAndFind · 41 replies
    The Atlantic ^ | 08/06/2014 | NOAH GORDON
    Last week, my colleague David Frum argued that conservative welfare reformers need to focus on simplification. As a young crop of conservative policymakers announce a range of proposals, there’s some movement in that direction. Florida Senator Marco Rubio’s plan would move most of America’s existing welfare funding into a single “flex-fund” to be disbursed to the states. Wisconsin Representative Paul Ryan, partly inspired by the “universal credit” reforms of Britain’s Conservative government, proposes allowing states to combine different forms of federal anti-poverty funding—food stamps, housing assistance, and more—into a single funding stream. In a recent speech about fighting poverty, Utah...
  • Why the Tech Elite Is Getting Behind Universal Basic Income

    01/06/2015 8:25:57 PM PST · by 2ndDivisionVet · 70 replies
    Vice Magazine ^ | January 6, 2015 | Nathan Schneider
    As if Silicon Valley hasn't given us enough already, it may have to start giving us all money. The first indication I got of this came one evening last summer, when I sat in on a meet-up of virtual-currency enthusiasts at a hackerspace a few miles from the Googleplex, in Mountain View, California. After one speaker enumerated the security problems of a promising successor to Bitcoin, the economics blogger Steve Randy Waldman got up to speak about "engineering economic security." Somewhere in his prefatory remarks he noted that he is an advocate of universal basic income—the idea that everyone should...
  • How to Fix Poverty: Write Every Family a Basic Income Check

    12/15/2014 12:08:35 PM PST · by PROCON · 148 replies
    newsweek ^ | Dec. 14, 2014 | Betsy Isaacson
    In the United States—as in all of the world’s wealthier nations—ending poverty is not a matter of resources. Many economists, including Timothy Smeeding of the University of Wisconsin (and former director of the Institute for Research on Poverty) have argued that every developed nation has the financial wherewithal to eradicate poverty. In large part this is because post-industrial productivity has reached the point where to suggest a deficit in resources is laughably disingenuous. And despite the occasional political grandstanding against welfare, there is no policy, ideology or political party that is on the books as pro-starvation, pro-homelessness, pro-death or anti-dignity....
  • 5 reasons to consider a no-strings-attached, basic income for all Americans

    03/20/2014 2:14:19 AM PDT · by Cincinatus' Wife · 105 replies
    Salon ^ | March 19, 2014 | Lynn Stuart Parramore
    What if you could receive a guaranteed basic yearly income with no strings attached? Didn’t matter how much money you made now, or in the future. Nobody would ask about your job status or how many kids you have. The check would arrive in the mailbox, no matter what. Sounds like a far-fetched idea, right? Wrong. All over the world, people are talking guaranteeing basic incomes for citizens as a viable policy. Half of all Canadians want it. The Swiss have had a referendum on it. The American media is all over it: The New York Times’ Annie Lowrey considered...
  • Y Combinator Wants to Test a Revolutionary Economic Idea (Guaranteed basic income)

    06/01/2016 12:48:16 PM PDT · by 2ndDivisionVet · 43 replies
    Fortune Magazine ^ | May 31, 2016 | Kia Kokalitcheva
    Can giving people money help solve wealth inequality? Y Combinator, a prestigious Silicon Valley accelerator program for startups, is wading into a new “world changing” project: basic income. On Tuesday, Y Combinator said in a blog post that it would conduct a short pilot study in Oakland, Calif., “a city of great social and economic diversity” that “has both concentrated wealth and considerable inequality.” The accelerator has also hired Elizabeth Rhodes, a PhD in social work and political science from the University of Michigan, where she completed research on health and education in slum communities in Nairobi. Y Combinator defines...
  • The Basic Income Guarantee: Simplicity, but at What Cost?

    08/27/2014 5:55:16 AM PDT · by Citizen Zed · 21 replies
    CATO Unbound ^ | 8-26-2014 | Michael D. Tanner
    Our current welfare system is clearly a mess. The federal government currently funds 126 separate anti-poverty programs, at least 72 of which provide either cash or in-kind benefits to individuals. For example, there are 33 housing programs, run by four different cabinet departments, including bizarrely the Department of Energy. There are currently 21 different programs providing food or food purchasing assistance. These programs are administered by three different federal departments and one independent agency.  There are eight different health care programs, administered by five separate agencies within the Department of Health and Human Services. And six cabinet departments and five...
  • What I Want for All Moms on Mother’s Day: A Universal Basic Income

    05/11/2016 12:32:23 PM PDT · by GilGil · 82 replies ^ | 5/11/2016 | Anna Oman
    Imagine if everyone was guaranteed healthcare and an income floor. People would still pursue their calling in life. In fact, they could do so more freely with more creativity and daring without the fear of not making ends meet. It would unleash the enormous creative potential that lays dormant within the hearts and minds of so many office workers, toiling away as their best ideas and dreams wither away.
  • Tech's favorite policy, universal basic income, is about to get its first big test

    04/18/2016 5:12:57 PM PDT · by beaversmom · 28 replies
    The Verge ^ | April 18, 2016 | Ben Popper
    Tech's favorite policy, universal basic income, is about to get its first big test 6,000 Kenyans will get cash grants for at least a decade By Ben Popper on April 18, 2016 10:07 am Over the last two years Silicon Valley has fallen in love with a striking economic theory. As former Facebook executive Sam Lessin wrote recently, "ThereÂ’s been a dinner-time revival of the old conversation about the inevitable need for a guaranteed basic income in the United States." ItÂ’s ironic that in the heart of winner-take-all venture capital culture, there is a growing call for a massive...
  • "Marxist Dream" Crushed - In Landslide Vote, Swiss Reject Proposal To Hand Out Free Money...

    06/05/2016 7:07:18 AM PDT · by John Robinson · 31 replies
    Zero Hedge ^ | Jun 5, 2016 9:27 AM | Tyler Durden
    This weekend the Swiss population was called upon to make a historic decision, when Switzerland became the first country worldwide to put the idea of free money for everyone, technically known as Unconditional Basic Income (of CHF2,500 per month for every adult man and woman, and CHF625 for every child, for doing absolutely nothing) to a vote. As reported previously, the outcome of this referendum would set a strong precedent and establish a landmark in the evolution of the debate of handing out free money in a centrally-planned world. And as predicted, based on early vote projections it has been...
  • There's an even better solution to poverty than a $15 minimum wage (Basic universal income)

    04/20/2016 2:16:51 PM PDT · by 2ndDivisionVet · 33 replies
    Tech Insider ^ | April 20, 2016 | Chris Weller
    Bernie Sanders and Hillary Clinton spent a great deal of time debating the merits of raising the minimum wage at the last Democratic debate on April 14. Sanders, ever the radical, stood behind the popular $15 minimum wage figure that will soon take hold in California and New York. Clinton, who's long pushed for $12, updated her position in support of $15 figure. Both could be misguided. While raising the minimum wage does make sense on paper — working people need to make more to survive than they can on today's minimum wage, so we should give them more money...
  • The Next Emperor

    03/27/2016 6:42:26 AM PDT · by Kaslin · 23 replies ^ | March 27, 2016 | Paul Jacob
    The next president will take office as this year’s $544 billion deficit pushes up the U. S. national debt to nearly $20 trillion. Scary, but mere chicken feed compared to the way more than one hundred trillion bucks in unfunded liabilities has already been racked up by our entitlement state. And, on top of that, add our outrageous world policeman fees. The Washington Post reports that, “thanks to various treaties and deals set up since 1945, the U.S. government might be legally obligated to defend countries containing 25 percent of the world’s population.” And boy, has America, World Policeman, been active! The...
  • Milton Friedman and Karl Marx on free trade

    03/10/2016 8:03:42 AM PST · by No One Special · 6 replies
    March 10, 2016 | Milton Friedman and Karl Marx
    First, Friedman from "Free to Choose", Chapter 2, "The Tyranny of Controls" It is often said that bad economic policy reflects disagreement among the experts; that if all economists gave the same advice, economic policy would be good. Economists often do disagree, but that has not been true with respect to international trade. Ever since Adam Smith there has been virtual unanimity among economists, whatever their ideological position on other issues, that international free trade is in the best interest of the trading countries and of the world. Yet tariffs have been the rule. [...] We [the U.S.] should move...
  • Finland’s residents may be given a monthly income of $868 – for doing nothing

    12/07/2015 12:19:17 PM PST · by markomalley · 56 replies
    Fox News ^ | 12-7-15
    Finland's citizens could soon receive tax-free payouts of roughly $868 a month - just for living in the country. Proposals being drawn up by the Finnish Social Insurance Institution call for a national basic income that would replace other benefit payments, regardless if the recipient is working or not, The Telegraph reports. It's not clear how Finland would shore up enough cash to make the payouts each year, according to Bloomberg. Still, government officials say they're trying to encourage more people to return to work. More than 10 percent of Finland's workforce is unemployed, with figures soaring to 22.7 percent...
  • WHAT NO ONE SEEMS TO KNOW about Ted Cruz’s past.

    11/23/2015 7:01:02 AM PST · by Isara · 52 replies
    Instapundit ^ | November 23, 2015
    What No One Seems to Know About Ted Cruz's Past At the FTC, Cruz's agenda could have been written by Milton Friedman. Cruz promoted economic liberty and fought government efforts to rig the marketplace in favor of special interests. Most notably, Cruz launched an initiative to study the government's role in conspiring with established businesses to suppress e-commerce. This initiative ultimately led the U.S. Supreme Court to open up an entire industry to small e-tailers. Based on his early support of disruptive online companies, Cruz has some grounds to call himself the "Uber of American politics." Moreover, and perhaps surprising...