Goa has a Permanent Fund, why doesn’t the UK?

Rahul Basu and Deepak Narayanan write at the Citizen’s Income Trust website about what the UK can learn from our Goenchi Mati Movement. The UK recovered around GBP 400 billion less that Norway from a similar amount of North Sea oil. A huge loss to the people, roughly GBP 6,000 a head. As UK starts fracking, instituting our principles of zero loss …

Swiss referendum & the UK

Indications are that the Swiss rejected the Basic Income referendum 4:1. Yet, this is not a defeat as Jim Pugh explains. Meanwhile, support for Basic Income is rising in the UK. The Green Party already had Basic Income in their general election manifesto. Heather Stewart reports in The Guardian that the Labour party is taking a look at this idea, with both John McDonnell, …

UK loss of North Sea Oil

UK & Norway largely share the North Sea Oil. While similar amounts were extracted, UK received some GBP400 billion less than Norway. “Given political stability and competent institutions, a state can have both a relatively high tax burden on its industry and direct ownership of assets, and deliver more revenue for its citizens and still attract investment” – this is the lesson that …

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. …