People in 2 U.S. States will get $1,000 a month in a new basic income trial (UBI - 2017-09 - Futurism)

Startup incubator Y Combinator is expanding their research into the benefits of universal basic income (UBI). Their plan is to pick 3,000 individuals from two states at random to receive a monthly cash handout. 1,000 participants will receive $1,000 per month for a period up to five years, while the other 2,000 will receive $50 per month, serving as the control group. Their goal is to discover how basic income can help people respond to economic instability and uncertainty, or perhaps even find alternatives to UBI that achieve the same purpose. The overarching goal of this trial is to advance the debate about the future of work.

Show full article

Richard Branson backs UBI (UBI - 2017-08 - The Independent (UK)

Richard Branson: “In the modern world, everybody should have the opportunity to work and to thrive. Most countries can afford to make sure that everybody has their basic needs covered.” He joins Facebook founder Mark Zuckerberg, Slack chief executive Stewart Butterfield, and Tesla boss Elon Musk. Finland trial: Gives 2,000 unemployed people an unconditional monthly sum of €560 (£515) for 2 years, even if they start working. Results show lower stress with greater incentive to find work and freedom to pursue entrepreneurial ideas – increased self-esteem. Other trials are planned for the Netherlands Cities (October 2017), and possible in Italy, Canada and Scotland.

Show full article

Hawaii may become the first US state to support a universal basic income (UBI - 2017-07 - Business Insider)

In June, Hawaii passed the first piece of legislation aimed at exploring a UBI. The bill, HCR 89, directs the government “to convene a basic economic security working group.”

Show full article

Opposition to UBI from Doug Casey (UBI - 2017-06 - Casey Daily Dispatch)

Doug Casey, a renowned Libertarian, regards UBI as “incredibly stupid from absolutely every point of view.” He opposes UBI because of its disincentive to have productive members of society (as proven by the current welfare system) and because it gives too much power to the government to define the rules of the UBI distribution and to extract the required capital.

Show full article

Facebook, Tesla CEOs lead charge for guaranteed income (UBI - 2017-06 - Fox News)

Zuckenberg and Musk included consideration of UBI as a way to deal with the upcoming massive job loss. Experiments in Canada, Finland, and the Netherlands had results interpreted differently. Hawaii is the first US state to commit to considering it, although Nixon introduced the concept in a 1970 legislation proposal which died in the Senate.

Show full article

Is UBI possible in America (UBI - 2017-04 - BigThink)

UBI programs exist in Alaska and North Carolina. Discussions of UBI are not new. Opinions of Robert Reich (a way for companies to save money), Dan Savage (who says it was Richard Nixon’s idea), and Elon Musk (who regards it as necessary in the evolution of the workforce). There’s a pretty good chance we end up with a UBI, or something like that, due to automation. The psychological issues of unearned pay and not having work are considered.

Show full article

Ontario's basic income trial to launch in Hamilton, Lindsay and Thunder Bay (UBI - 2017-04 - Huffington Post)

People in Hamilton, Lindsay And Thunder Bay will be able to apply to the pilot project, and 4,000 people will be selected. Single people will receive up to $16,989 per year, less 50 percent of any income they earn. Couples will receive up to $24,027 per year, less 50 percent of any income they earn. People with disabilities will receive up to an additional $6,000 per year.

Show full article

Letter: Support for UBI from Ray Kurzweil (UBI - 2017-03 - Kurzweil Newsletter)

Ray Kurzweil supports UBI, believing that adopting it can help society think creatively with new ideas, develop new industries — and free-up people to work on important future projects. This practical social support program can grow as science & technology rapidly evolve, becoming part of world abundance. He quoted Facebook founder & CEO Mark Zuckerberg from his commencement speech at Harvard University and announced UBI as the subject of his next book.

Show full article

Basic income would cost Canada $15 Billion annually (UBI - 2017-03 - Huffington Post)

A new study from the Northern Policy Institute suggested that basic income program similar to the one Ontario is testing would cost Canada around $15 billion annually, consisting of $30 billion for the program less $15 billion in savings from replaced disability and support programs. The cost is only about 5% of federal government expenditures and much less than currently spent on seniors’ benefits.

Show full article

Ontario is betting on UBI to help cities gutted by manufacturing job loss (UBI - 2017-02 - Quartz)

Ontario is considering a 3-city pilot UBI program as a welfare replacement, setting it at 75% pf the official poverty line.

Show full article

Finland giving unemployed free money (UBI - 2017-01 - Business Insider)

Finland is offering free money ($590 each month for two years) to help 2,000 jobless Finns get back to work. The experiment should provide insights on whether basic income could help clean up Finland’s messy system of social security; and how people behave when they’re receiving free money.

Show full article


Giving people free money means less drinking and smoking (UBI - 2016-12 - Business Insider)

World Bank researchers David Evans and Anna Popova reviewed 19 cash-transfer studies in 10 countries, showing that the consumption of so-called “temptation goods” actually goes down in certain cases when people in underdeveloped nations receive free cash. The findings are especially surprising given the wide variance between the transfer’s value. In African countries (such as Tanzania and Kenya) the handouts represented about a 5% increase in people’s income, while in Latin America the handout raised incomes by up to 30%.

Show full article

Basic income is about basic security (UBI - 2016-11 -

Basic income should be sufficient to meet the most basic human needs for necessities like food, water, shelter, and clothing. By simply cutting every citizen a monthly check and getting rid of most of the welfare state and tax code complexities, everyone could be better off, rich and poor alike. Basic income is a safety net when terrible things happen, and it transforms your relationship with work by giving you the choice to work or not, and at what you want to. It only provides with the basic needs, so doesn’t take away the incentive to make more money for a nicer life.

Show full article

Nixon’s basic income plan (UBI - 2016-05 - Jacobin)

The story of how Richard Nixon was persuaded by 1,200 economists (including John Kenneth Galbraith and Paul Samuelson) of the value of a basic income plan, and then dissuaded by Martin Anderson, an Ayn Rand admirer. The economists wrote: “The country will not have met its responsibility until everyone in the nation is assured an income no less than the officially recognized definition of poverty.” Nixon’s 1970 Bill passed in the House, but failed in the Senate. Switzerland is planning a referendum on UBI. Finland, Canada, and nearly 20 cities in the Netherlands are conducting large-scale experiments.

Show full article



Shelly Palmer   *   FutureScope   *   Kurzweil   *   MIT Technology Review

Terms & Conditions                    Privacy Statement

Cancel Newsletter Subscription                        Ronnick Enterprises 2018, 2019