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Basic Income

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Uk.businessinsider. Laurent Dubrule/Reuters Within the last couple years, basic income — a system in which citizens receive regular payments to cover basic living costs — has touched nearly all corners of the world.

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Experiments from Kenya to the Netherlands to California are investigating what happens when governments and private organizations give people money for nothing. Do people work less? Do they escape poverty? How many sit and do nothing? Here are the experiments leading that charge in 2017. Kenya GiveDirectly In October 2016, GiveDirectly, a charity best known for its cash transfer programs, launched a pilot version of what will become the largest basic income experiment in history.

Beginning in the next few months, residents in 40 villages will each receive roughly $22.50 per month for 12 years. The Conversations About Basic Income is a Mess. Here's How to Make Sense of It. By Charlie Young Universal Basic Income(UBI) is either absolutely bonkers pie-in-the-sky thinking or an ingenious idea whose time has come – depending on whom you ask.

The Conversations About Basic Income is a Mess. Here's How to Make Sense of It.

A litany of recent articles argue for and against the idea of giving every resident of a society or economy a guaranteed income stream, usually sufficient to live above the poverty line, regularly and into perpetuity. Those arguing for say that it offers a potential new awakening of cultural expression, as well as dismantling the disincentives to work associated with means-tested benefits, while supporting us through an age of automation, and also creating space for reimagining ownership of the commons. Those against say that there’s no such thing as free money, that people would simply stop working, that layabouts get enough as it is, and that it could lead to either the dismantling of capitalism or of the welfare state.

UBI is in fact not a single proposal. Labour sets up 'working group' to investigate universal basic income, John McDonnell reveals. Labour has set up a “working group” to investigate the radical idea of a basic income and will report back on its conclusions before the next general election, John McDonnell has said.

Labour sets up 'working group' to investigate universal basic income, John McDonnell reveals

In an exclusive interview with The Independent the Shadow Chancellor appeared to signal his desire to bring basic income in the party’s manifesto. The concept involves overhauling the welfare state and ditching means-tested benefits in favour of unconditional flat-rate payments to all citizens. Finland May Have Found The Answer To Increasing Global Unemployment. Finland launches two-year experiment in basic income for the unemployed - The Verge. Universal basic income trials being considered in Scotland.

Scotland looks set to be the first part of the UK to pilot a basic income for every citizen, as councils in Fife and Glasgow investigate trial schemes in 2017.

Universal basic income trials being considered in Scotland

The councillor Matt Kerr has been championing the idea through the ornate halls of Glasgow City Chambers, and is frank about the challenges it poses. “Like a lot of people, I was interested in the idea but never completely convinced,” he said. But working as Labour’s anti-poverty lead on the council, Kerr says that he “kept coming back to the basic income”. Kerr sees the basic income as a way of simplifying the UK’s byzantine welfare system. “But it is also about solidarity: it says that everyone is valued and the government will support you. Uk.businessinsider. US President-elect Donald Trump.

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AP I have been UBI-curious in the past. But after watching this year's global political upheavals, I am now firmly against the idea of giving every American adult a government check, no questions asked. Finland to begin paying basic income to unemployed citizens. Finland is to introduce a basic income for some citizens from next month, becoming the first country to adopt the policy.

Finland to begin paying basic income to unemployed citizens

Two thousand unemployed people will be given €560 (£480) every month for two years, without any restrictions or conditions attached. Leaders hope the move will improve life quality, reduce unemployment and create jobs. Recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns. The Finnish government is planning to study whether the policy helps recipients find work. Universal Basic Income Is Worth Fighting For Against All Odds 

The case for a universal basic income (UBI) in India is best approached indirectly by noting that one of the main requirements of inclusive growth is ‘deep fiscal adjustment’, in other words, a radical re-orientation of government expenditure and taxation.

Universal Basic Income Is Worth Fighting For Against All Odds 

India spends far too much on dysfunctional price subsidies in the name of helping the poor. Some of the subsidies, for example those on food, fertilisers and oil-related products, are explicitly in the budget. Others, such as the subsidies on electricity, water, and rail travel, are implicit, and take the form of losses or low profits by government departments and enterprises. There are many reasons why these subsidies are counterproductive. They raise fiscal deficits and crowd-out essential public spending. The argument for a basic income. I went to Cherokee to explore the idea of a "universal basic income," which is a fancy way of saying something that's really quite simple: Give everyone cash, just for existing.

The argument for a basic income

The goal, according to proponents of such a policy, is to alleviate, if not eliminate, the scourge of poverty. And, more importantly, to reduce the social ills -- poor health, poor educational attainment, poor job prospects and higher odds of ending up in jail -- associated with kids who grow up poor. Basic income: the world’s simplest plan to end poverty, explained. Jeremy Corbyn pledges Labour party will investigate idea of universal basic income. Jeremy Corbyn has pledged the Labour party will investiage the idea of a universal basic income if he wins the leadership election.

Jeremy Corbyn pledges Labour party will investigate idea of universal basic income

The policy would lead to a replacement of means-tested benefits with a standard flat-rate payment for all citizens. Mr Corbyn said Labour would both research and test the policy, which has support from most the party. Libertarian presidential candidate 'open' to basic income. With the US libertarian presidential candidate pushing double-digits in the polls for the first time in history, many are starting to take former New Mexico governor Gary Johnson’s policy ideas seriously.

Libertarian presidential candidate 'open' to basic income

While signing books at the libertarian Freedom Fest conference, Johnson said he was “open” to the idea of a Universal Basic Income (UBI). Like many libertarians, Johnson said he liked the idea of the UBI because of its potential to save money in bureaucratic costs, freeing up more money to give people directly. During the exchange, we discussed how directly giving a basic income would increase the value of each dollar spent for the recipient, as opposed to in-kind services, such as food stamps, which restrict purchases. At the same time, I asked Johnson about his position on the carbon tax and using these funds to pay for the basic income.

He once again said he was “open” to the idea. Photo source: Instagram. Revival of Universal Basic Income Proposal Ignores Needs of Labor Force. Top White House Economist Dismisses the Idea of a Universal Basic Income. The White House’s chief economist dismissed the idea of a universal basic income, saying it would be counterproductive for the labor market and could worsen income inequality.

“We should not advance a policy that is premised on giving up on the possibility of workers’ remaining employed,” Jason Furman, chairman of the Council of Economic Advisers, said Thursday in remarks at New York University. The concept of a universal basic income has gained traction among economists in the U.S. and Europe in recent years.

Essentially, it would offer all residents over a certain age a minimum monthly allowance—regardless of whether they work or how much they make. The idea is to ensure everyone has a chance at a decent life even as technology shifts and the labor market churns, eliminating and creating millions of jobs that often require vastly different skill sets. The idea has gotten as far as a referendum—soundly defeated last month—in Switzerland. In the U.S., policymakers appear skeptical. Mr. The inside story of Y Combinator's basic income project. Florence Fu/Tech Insider Ever since he was a kid, Sam Altman has been obsessed with a very specific kind of utopia.

Basic income advocates lost the battle in Switzerland. They're winning the war. On Sunday, Switzerland became the first nation to hold a referendum on the idea of a basic income. Under the proposal, the Swiss constitution would've been amended to "ensure the introduction of an unconditional basic income," which "shall enable the whole population to live in human dignity and participate in public life. " The measure, however, was soundly defeated.

Early results suggest that only about 22 percent voted yes, a landslide defeat. A Guaranteed Income for Every American. When people learn that I want to replace the welfare state with a universal basic income, or UBI, the response I almost always get goes something like this: “But people will just use it to live off the rest of us!” “People will waste their lives!”

Or, as they would have put it in a bygone age, a guaranteed income will foster idleness and vice. I see it differently. I think that a UBI is our only hope to deal with a coming labor market unlike any in human history and that it represents our best hope to revitalize American civil society. The great free-market economist Milton Friedman originated the idea of a guaranteed income just after World War II. The UBI has brought together odd bedfellows. First, my big caveat: A UBI will do the good things I claim only if it replaces all other transfer payments and the bureaucracies that oversee them. Second, the system has to be designed with certain key features. A universal basic income could absolutely solve poverty. Eduardo Porter has a column up with the provocative headline "Why a Universal Basic Income Will Not Solve Poverty," which intrigued me because my understanding from reading coverage by Vox's own Dylan Matthews and others was that a UBI most certainly would solve poverty.

Having read Porter, I remain unconvinced. His argument turns out to be something more like "a universal basic income would be expensive" or "a universal basic income is an example of a poorly targeted public policy. " The former is clearly true, and the latter is at least something clearly worth talking about. But Porter's own numbers make it very clear that a UBI would eliminate poverty in the United States and would do so at a price that, though high, is within the realm of possibility.

What are we talking about here, again? For the past 80 years or so, the United States has had a program called Social Security that, among other things, mails a monthly check to old people. Eduardo Porter's UBI math. Switzerland To Guarantee All Citizens $2,600 Monthly Income. Citizens in Switzerland are to vote on whether the country will become the first to guarantee a basic monthly income next month. Swiss voters will decide whether every citizen and legal resident will earn $2,600 tax-free per month, on the June 5 elections.

Sputniknews.com reports: “This is a great idea,” Chloe Hubert, a student at the University of Geneva, told USA Today. The First Universal-Basic-Income Experiment. It feels strange to say this, but 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. What Would Happen If We Just Gave People Money? A Universal Basic Income Is the Utopia We Deserve. This is the most comprehensive, rigorous test of universal basic income to date. GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income. The Panama Papers prove it: we can afford a universal basic income. We should all be able to agree: no one should be poor in a nation as wealthy as the US. Yet nearly 15% of Americans live below the poverty line.

Beyond Minimum Wage Hikes: With Universal Basic Income, "Everyone Gets a Check" What it's like to earn a basic income. Facebook Frans Kerver was working 12-hour days before the money started coming in. For nine years, the 53-year-old freelance copywriter living in Groningen, the Netherlands, would rise at 7 a.m. and fall asleep at 1 a.m. His wife and three kids rarely saw him. When Kerver began receiving a basic income last July, everything changed. It's Time For Canada To Test A Basic Income  Columns - The Manchester Magazine. We talked to five experts about what it would take to actually institute Universal Basic Income  New York has long been a laboratory for architecture—a “theater of progress,” as Rem Koolhaas called it in his seminal 1978 text, Delirious New York. Yet even within that tradition, 2016 is poised to be a defining year for New York’s future development.

Already dubbed “the Manhattan skyline’s biggest year ever,” 2016 and the brewing changes it holds will impact, most importantly, city life, as the architects shaping New York push the boundaries of what the modern city can be. Some of these changes are already transforming New York city’s neighborhoods. The most prominent example of this, and one of the most significant projects of recent years, is Diller Scofidio + Renfro’s High Line. Not only did it pave the way for a new, holistic approach to urbanism focused on reviving existing, untapped space through designs that address contemporary needs, the High Line’s success has also led it to become a locus for new development. Québec: Minister of Employment appointed to work on basic income. Long-time supporter of basic income François Blais has been appointed back as Minister of Employment and Social Solidarity and tasked to work on Guaranteed minimum income. Switzerland Will Hold The World's First Universal Basic Income Referendum.

Mitt Romney: Republicans Are “Nuts Not to Raise the Minimum Wage” A Feminist Case For A Universal Basic Income. French National Assembly to vote on universal basic income study. Is a Universal Basic Income an idea that would work in America? - Clarksdale Press Register: Opinion. Guaranteed income eyed by advocacy groups. Will a Basic Income turn us all into entrepreneurs? Citizen’s income is an idea whose time has come. “Inequality: What can be done? “ - interview with Sir Anthony Barnes Atkinson. Basic income idea in front of council. Study: Over half the population supports basic income scheme. The Brilliant Simplicity of a Guaranteed Minimum Income. Leading UK think tank lists basic income in top 10 trends for 2016. An American basic income: how do we get there? How a universal basic income could fuel entrepreneurship. Scrap benefits system and bring in universal 'citizens wage' basic income for everyone, think-tank recommends. The Basic Income Bros. Think tank floats 'basic income' idea for all citizens.

American achieves first crowdfunded monthly basic income. Universal Basic Income. This Country Is Paying People To Live There. Why the Tech Elite Is Getting Behind Universal Basic Income. Switzerland’s Proposal to Pay People for Being Alive. Alive in the Sunshine.