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 …
Tag: UBI
Cognitive Capitalism, Silicon Valley & Basic Income
Evgeny Morozov discusses the recent interest in Silicon Valley with Universal Basic Income. He takes a cognitive capitalism frame and concludes that Silicon Valley is also part of the problem. On the other hand, Scott Santens shows how jobs will disappear worldwide. “The White House, in a stunning report to Congress this week, put the probability at 83 percent that …
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 …
The realistic Swiss
Switzerland will be having a referendum later this year on whether to implement a Universal Basic Income or not. There’s been a survey done, and the results are interesting. Only 2% would give up working. 56% of the population thinks Basic Income will never be implemented. People under 35 are more optimistic – 58% feel it will be implemented. However, …
Sudden burst of interest in the UK
A few weeks back, the Green MP Caroline Lucas tabled a discussion in the House of Commons on Basic Income. Now the Labour Shadow Chancellor, John McDonnell says the Labour party will not rule out a Universal Basic Income. Incidentally, some of his key advisors are proponents of Basic Income. John McDonnell also has a connection to Goa – his wife is Goan. …
Basic Income being considered seriously in Canada
Many levels of Government in Canada are seriously considering Basic Income. “Jean-Yves Duclos, federal minister of families, children and social development, stated to both CBC Radio and the Globe and Mail last week that a guaranteed minimum income is a policy worthy of discussion, once the promised enhancements to child tax benefits occur — an existing kind of minimum income …
Different perspectives
A feminist perspective on Universal Basic Income. A look at the future and why Universal Basic Income will be necessary. A look at inequality and the issues it creates, and how Universal Basic Income can help.