The Kazakhstan government is banning smartphones within the government. The reason is the continuing leak of government information. Among the leaks is a presidential decree to the government ordering the ministers to analyze possibilities of introducing unconditional basic income. Unfortunately, there isn’t much more information available online in english. Kazakhstan set up the Natural Fund of the Republic of Kazakhstan in 2000 from …
Tag: Permanent Fund
Nauru’s Citizen’s Dividend
The tiny pacific island of Nauru is a cautionary tale for mineral royalties being saved in a Permanent Fund and paying out a Citizen’s Dividend. The island was covered by guano, a form of phosphate, a fertilizer. The royalties from phosphate mining resulted in Nauru having the highest per capita income in the world. The phosphate royalties were paid into the Nauru …
Goa’s debt burden is soaring
The Herald points out that the per capita public debt burden is around Rs. 100,000. While large, this is a fraction of the loss from mining estimated at Rs. 53,833 crores over the eight years of 2004-05 through 2011-12. Had this loss been captured, saved in the Permanent Fund and a Citizen’s Dividend paid, each of us would be receiving around Rs. 1,000 every …
Why did Alaska legislate the Permanent Fund and Dividend
Rachel Waldholz explains in the Alaska Public some of the reasoning behind the Permanent Fund and Dividend. Some quotes from Alaska Gov. Jay Hammond (who was responsible) “You’ve got to remove the money” “Put it behind a rope, where you cannot utilize it for flamboyant expenditures.” “I wanted to transform oil wells pumping oil for a finite period, into money wells pumping money for …
Iron ore mining in Goa
The Navhind Times carried a couple of interesting articles by Dr. Nandkumar Kamat titled “How Goa missed the bus in iron ore exports”. His articles show clearly how Goa lost out during the mining stoppage. This new article titled “Mining of past 8 years was a total loss for our future generations” published by Navhind elaborates on Dr. Kamat’s articles. You can …