universal basic income

Do we need a universal basic income?

Support Is Growing For A Universal Basic Income

Guy Standing via The Conversation | Wales has become the latest country to explore the idea of a universal basic income, which gives every adult a fixed amount of money, regardless of their employment status.Since COVID-19, there has been a global surge in support too. In the USA, Los Angeles has become the latest city to launch an experiment, and there have been trials in Canada, South Korea and Kenya. In Europe, a poll last year, covering France, Germany, Italy, Poland, Portugal and Spain, found that more than two-thirds of people were in favour of a basic income.

Thomas Piketty

Piketty: “We are reinforcing social inequality with public money”

Ana Fuentes | The inequality trap lies in the fact that, thanks to globalization and the market economy, inequality between countries has been reduced in recent decades, but nevertheless it has increased internally in most of them. For Thomas Piketty, one of the most respected economists by the European left, the first thing is to recognize that inequality is not economic or technological, but essentially political. There is much talk of meritocracy and equal opportunities, but the gap does not stop growing and comes from public policies. And he sets his own country as an example.

No Picture

The liberal case against a Universal Basic Income

NEW YORK|By Mike Konczal at Next New Deal| With the coming referendum in Switzerland has come a flurry of commentary about a “Universal Basic Income” (UBI). There are people for and people against, from the left and from the right. One powerful reason to reject the idea is the fact that a payment of $10,000 to every U.S. adult, a pretty basic basic income, would seemingly cost $2.5 trillion.