Would Basic Income Encourage or Discourage Work?

Our existing mechanism for wealth redistribution; jobs, is no longer working. The bottom 50% of Americans own just 12.8% of the wealth; as recently as 1970 they owned 20.8% research by economists Thomas Piketty and Emmanuel Saez indic

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Is India Moving to Adopt Basic Income?

This is interesting and exciting news because a basic income experiment in India would be the largest adoption of a new welfare system; since the United States set up Social Security in the 1930s. Like American Social Security; Indian UBI would be a radical break with the past, and a new model for society.

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French Presidential Candidate Backs Basic Income

“According to all serious studies, there are hundreds of thousands of unskilled or low-skilled jobs that are beginning to be destroyed in Western economies,” Hamon told La Monde. “We must manage this transition and make the most of this amazing opportunity that the digital revolution offers us to work less and live better.”

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Basic Income is All the Rage in Europe

“The universal basic income gives people a degree of certainty and proper security,” Kerr told The Guardian. “Few people now can expect to go through their entire working lives in the same job. People change jobs much more frequently and this leaves gaps and we don’t deal with the gaps properly. It takes weeks to register and to become eligible for payments and weeks for them to come through. By that time, they have become consumed in a spiral of debt from which they rarely emerge.”

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Scotland Explores Basic Income

A successful universal basic income program in Scotland would put pressure on the British government to roll the system out to the entire country. It would also serve as an example that other English speaking countries like the United States, Canada and Australia might follow.

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Investment Legend Endorses Basic Income

“Millions of jobs will be lost over the next 10-15 years,” Gross predicted. “Virtually every industry in existence is likely to become less labor-intensive in future years as new technology is assimilated into existing business models.”

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