Five countries already giving Basic Income

Alaska’s Permanent Fund Dividend is the most famous example of a Universal Basic Income. It is of course a sub-national, being a part of the USA. There are five nations that are giving a Universal Basic Income. Can you guess which ones? Interestingly, all are Asian. The five Singapore, Hong Kong, Macau, Mongolia and Iran: Singapore: Growth Dividends share part …

Even a little goes a long way

Here’s an article by Roberto A. Ferdman in The Washington Post about the remarkable impact of Basic Income. It discusses a study reported in NBER on a set of low income children in North Carolina, USA. “This was hugely important to the development of the children, to their wellbeing” said Akee. “And the effect wasn’t small either—it was actually fairly large.” “Not only did the extra …

We can’t afford these billionaires

Daniel Raventós writes in the Counterpunch on how skewed political power has become with the rise of the billionaires. Its impacts on US politics is clear for all the see. It is worth remembering that India’s inequality is considerably higher than the US, making the problem harder and more urgent.

Hema Malini & our land

Shailesh Gandhi makes important points in connection to the allocation of land in Maharashtra at a tiny fraction of the market value. “Property belonging to the State belongs to all citizens. All Indians pay taxes directly or indirectly. The rich often think since they pay more, they have greater rights. It is often forgotten that the real estate and lands of …