• What Countries Have Tried Universal Basic Income? | NowThis World
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    What Countries Have Tried Universal Basic Income? | NowThis World

    What happens when a government gives their citizens free money? And – if it’s coming from the government – is it really free? l Hey guys, I’m Alex, this is NowThis World, and on this episode, we’re talking about Universal Basic Income, what it is, and why it’s becoming a popular subject of debate. Following recent news that Finland opted out of continuing its UBI pilot program beyond 2018, economists are questioning the sustainability of the controversial model. We’re taking a look at local and national governments around the world that have given it a shot – and diving into the question: could a universal basic income work for the…

  • Is universal basic income working? We went to Finland to find out | CNBC Reports
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    Is universal basic income working? We went to Finland to find out | CNBC Reports

    I’m in Finland. It’s one year after the launch of a first-of-its kind experiment here in the country. We’re talking about universal basic income. Here’s how it works. Researchers randomly selected 2,000 unemployed people between the ages of 25 and 58 from around Finland. Each month those 2,000 people receive €560, which is about 670 bucks, tax-free. What they do with the money is entirely up to them. The purpose of the experiment is to address unemployment here in Finland. The government hopes that it will encourage unemployed people to take jobs instead of being afraid of losing their unemployment benefits. So one year into the experiment, is it working?…

  • What is universal basic income? | CNBC Explains
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    What is universal basic income? | CNBC Explains

    Do you guys want some free money? Excuse me, would you like some free money? Free money? No, thank you. No? Free money? Free money! It’s free! I’ll take some for my friend too. You can take some for your friend. Okay, thank you. Would you like some free money sir? Okay, wow, we’ve got a lot of takers here. Handing out free money sounds like a pretty radical idea. But it’s actually an economic concept gaining a lot of traction around the world. We’re talking about universal basic income. Universal basic income is pretty much what the name suggests, an income for everyone in the form of a cash…

  • What is Universal Basic Income?
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    What is Universal Basic Income?

    Nothing undermines life more than insecuritybut for too many, the last few decades have become ever more insecure.Work is less certain and more stressful,especially for those on average incomes and lower —and we have a tax and benefits system that is complex and sometimes punitive.We could do something completely different,like give a basic monthly payment to every single citizen.This is called a Basic Income.It’s a centuries-old idea favoured by philosophers,social reformers, civic leaders and across the political spectrum.And it could help us meet our needs today.Basic Income would provide a platform to smooth the life transitionsmillions of us will face in coming years,including changes that may come from technology.It’s the…

  • 💰 Universal Basic Income | Pros and Cons | UBI
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    💰 Universal Basic Income | Pros and Cons | UBI

    Have you ever wondered what it would be like to go back to the 1970s soviet country, and return to our times with then-popular maxim: “Down you lie or up you stand, either way you’ll earn a grand”? Every citizen in our country would have full-time employment and a fixed salary regardless of the results of their work, and regardless of whether they would try their best or not. But perhaps we should go even further than that. Let the government pay regardless of employment status. From then on, you would not have to worry about your day-to-day survival. You could spend your time on your education and development, without…

  • Universal Basic Income is Not a Solution
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    Universal Basic Income is Not a Solution

    Universal basic income. If even Elon Musk says it’s the only option, it must great, right? It sounds really like utopia came true: everybody is entitled to receive free money no questions asked, no strings attached. And we could all afford this because production would be so cheap thanks to automation, and there would be no jobs left for humans thanks to automation. We are being told the same story over and over – automation is coming and it will make you useless. You are not part of the automation, which is why you are not in charge of making decision for yourself. So listen to this bunch of successful…