NEW BOOK – Financing Basic Income: Addressing the Cost Objection

NEW BOOK – Financing Basic Income: Addressing the Cost Objection

Financing Basic Income: Addressing the Cost Objection, edited by Richard Pereira (University of Birmingham, UK), is the latest addition to the Palgrave Macmillan series Exploring the Basic Income Guarantee.

Contributors include Pereira, Albert Jörimann (Basic Income Earth Network, Switzerland) and Gary Flomenhoft (University of Vermont, USA; University of Queensland, Australia).

 

Publisher’s summary

This Palgrave Pivot argues that basic income at a decent level is, in fact, affordable. The contributors approach the topic from the perspectives of three different countries—Canada, Switzerland, and Australia—to overcome objections that a universal program to keep all citizens above the poverty line would be too expensive to implement. They assess the complex array of revenue sources that can make universal basic income feasible, from the underestimated value of public program redundancies to new and so far unaccounted publicly owned assets.

 

Contents

1. Introduction by Richard Pereira

2. “Foundations for a Basic Income Guarantee: Affordability through Program Redundancies” by Richard Pereira

3. “Cost Feasibility of Basic Income in Europe: A Financing Case Study from Switzerland” by Albert Jörimann

4. “Building up BIG: Land Rent in Australia as a Significant Financing Source” by Gary Flomenhoft

5. Conclusion by Richard Pereira


Photo: CC BY 2.0 FuFu Wolf

Taiwan holds ‘historic’ basic income conference

Taiwan holds ‘historic’ basic income conference

The Universal Basic Income in the Asia Pacific international conference was held at National Chengchi University (NCCU) on March 18. This was the first conference dedicated to universal basic income (UBI) focused on the Asia Pacific region. Scholars, activists, officials, and guests traveled from all over the world to participate in the event.

All livestream videos are available on the UBI Taiwan Facebook page, and a HD version will be available shortly on UBI Taiwan’s YouTube page.

Around 100 people participated in the event in person, including participants who flew from America, Switzerland, Australia, South Korea, Singapore, and mainland China. There were nearly 1,000 streams of the Chinese-translation broadcast of the event, and there were over 1,200 views of the livestream videos on Facebook. A total of 16 different sessions were held, with over 100 questions posed to the UBI experts in-person and online. Furthermore, the event page has reached 35,000 unique viewers to date.

Enno Schmidt, leader of the Swiss referendum campaign, gave the keynote speech for the event: “Basic Income and Democracy.”

“The Asia Pacific UBI conference undoubtedly has been one of the historical steps in furthering the worldwide UBI movement, focused on the recognition of Asia Pacific, as well as unity and collaboration,” Schmidt said.

The event has been in preparation since November, when organizer Tyler Prochazka, an NCCU International Master’s Program in Asia-Pacific Studies (IMAS) student and features editor of Basic Income News, received a grant from the US State Department’s Critical Language Scholarship Alumni Development Fund along with James Davis, a junior from Columbia University. NCCU’s College of Social Sciences (CSS) later agreed to sponsor the event, and NCCU’s IMAS department provided additional assistance.

NCCU CSS Professor Ping-Yin Kuan provided the welcome speech for the event, where he discussed how he first learned about the idea of UBI while he was studying in the United States. His master’s thesis advisor was involved in the “Income Maintenance Experiment” in New Jersey, which tested a form of negative income tax in the 1960s and 1970s.

“As a student who came from Taiwan – at that time Taiwan was a relatively poor country – I was amazed by such a crazy idea. And I thought that only the US, a rich country, would come up with such a scheme,” Kuan said.

“After I became more familiar with issues of social inequality, I could see that it was not a crazy idea at all. The question that should have been asked then, and I believe should still be asked now, is why a country as rich as the US allows a significant proportion of its people to live below a basic decent condition,” Kuan expanded.

“Now Taiwan is considered a rich county, and we can certainly ask the same question here.”

Conference co-organizer James Davis prepared a documentary for the conference, meeting with prominent figures in finance, technology, and politics to discuss basic income.

“Universal basic income is the future of redistribution and welfare policy. It has the potential to alleviate global poverty and unleash an entrepreneurial spirit unlike anything we’ve seen before. These interviews explore the practical and ideological grounds of universal basic income, debunking the critics, and anticipating its challenges,” Davis said.

Sarath Davala, a researcher on the Indian basic income trial, presented on the “Transformative Power of Basic Income for India” via Skype.

“Universal basic income is the most radical idea of our contemporary times. It takes the discourses of democracy and poverty to the next level,” Davala said. He noted that UBI Taiwan “has created history by organizing the first regional activity in Taipei.”

“This conference is the foundation for future cooperation at the regional level, which is very much needed to take forward the basic income movement in each of the countries in the Asia Pacific region,” Davala said.

Ping Xu, coordinator for UBI Taiwan and co-organizer of the conference, presented on the feasibility of basic income for Taiwan.

“This is the first step for basic income in the Asia Pacific. It represents an awakening of human evolution toward traditional Asian culture and away from our current inhumane working standards,” Xu said.

Joffre Balce, secretary of the Association for Good Government in Australia, presented on “Rewriting the Textbook to Deliver Universal Human Dignity.”

“The first Asia Pacific Conference on Basic Income was a glimpse of how society can work together for a common vision — bold, innovative, diverse yet respectful of each other’s noble intentions, united in efforts and determined to realize each other’s vision for a society of equality in rights, the self-determination of the individual and the freedom to cooperate for a better society,” said Balce.

Ted Tan, the coordinator for research and information for UNI Asia and Pacific Regional, flew from Singapore to attend the event. He said he “hopes there will be another conference next year.”

“The conference was very interesting and it could have easily been extended for another half or one day. There is still much to discuss on the possibility of a universal basic income in this region, so I appreciate the inputs and sharing of all the experts in the same room,” Tan said.

Chung Yuan Christian University provided simultaneous Chinese translation for the event. Enzo Guo, a Taiwanese senior at Chung Yuan, led the group of translators.

“I felt so honored to interpret for those brilliant scholars with their ideas and findings. I benefited greatly by their talks. These are important matters that people living in Asia Pacific should know,” Guo said.

Musician Brandy Moore also provided her song “Just Because I’m Alive” for the conference and its promotional videos. Moore wrote the song after hearing about basic income in 2015 and performed it at a basic income conference in 2016 for the first time. In June, Moore will perform the song at NABIG 2017 in New York City.

“Being invited to put my song forward to be part of this recent basic income conference held in Taiwan was a wonderful additional surprise,” she said.

“Music reaches people on a heart level and it’s going to take both heads and hearts to make basic income a reality,” Moore said.

Purchases of Moore’s song will help fund basic income organizations after she recoups the funding to produce it.

Julio Linares, an NCCU student from Guatemala, had met many of the presenters at the BIEN Congress in South Korea, where he also presented.

“I argued how a Basic Income Fund (BIF) could work as a way of creating long-term investments whose profits are redirected back to people in the form of a monthly basic income while at the same time making the fund financially sustainable over time,” Linares said. “The attendees were not only from Taiwan but from different countries and they all showed great interest in the topic as it raised quite a lot of discussion.”

Petra Sevcikova, an NCCU IMAS student from the Czech Republic, organized the NCCU volunteers for the conference.

“After working in event management in Europe, helping to organize the UBI Conference in NCCU in Taipei was a new and extraordinary experience. I believe that the conference was unique and quite important for people interested in the basic income,” Sevcikova said.

Speakers included Gary Flomenhoft (University of Vermont, USA), Sarath Davala (India), Julio Linares (NCCU), Gregory Marston (University of Queensland, Australia), Joffre Balce (Australia), Munly Leong (Australia), Toru Yamamori (Doshisha University, Japan), Ping Xu (Taiwan), Enno Schmidt (Switzerland), Hyosang Ahn (Basic Income Korea Network), Cheng Furui (Chinese Academy of Social Sciences), and Tyler Prochazka (NCCU). The abstracts for each presentation can be found here. A compilation of the research will soon be published online.

For Kuan, bringing these scholars to Taiwan will help to highlight the important issue of inequality, as many social welfare systems in the Asia Pacific are “not working effectively.”

“It is important to bring regional scholars to share knowledge about basic income and spark new ways to think about social security. This is particularly important, not just in Taiwan, but the Asia Pacific in general,” Kuan said.

Yamamori presented on “What Can We Learn From a Grassroots Feminist UBI Movement?: Revisiting Keynes’s Prophecy” via Skype.

“While I was able to attend only via Skype, I could still feel positive vibes and energy from the venue. I know Tyler, Ping and others made a huge effort to make this conference successful,” he said.

“Let me show my gratitude to them and participants, and let us go forward for an unconditional basic income together,” Yamamori said.

Guo said he is optimistic that the conference will have a big impact on Taiwanese society.

“By gathering the elites and people from different fields together and discussing with each other, I believe this conference has undoubtedly paved the way for the popularization of UBI in Taiwan,” he said.

When reflecting on the potential of the UBI in the Asia Pacific, Schmidt said it can bring together all people from all backgrounds, both in the Asia Pacific and beyond.

“The idea of an unconditional basic income for everyone must remain clear, which is regardless of any life circumstances, rich or poor, beautiful or ugly. This idea does not exclude anybody, it does not fight against anything. The idea of UBI unites and connects people and restores our forgotten values,” Schmidt said.

AUSTRALIA: Group within Labor Left pushing for UBI

AUSTRALIA: Group within Labor Left pushing for UBI

Photo: Paul Miller

A group within NSW Labor’s Left faction has called a set of motions to advance a universal basic income in Australia.

The Left faction’s economic committee has been instrumental in driving the initiative along with key proponent, Luke Whitington, the deputy chair of the Left’s economic policy committee and an adviser to Senator Doug Cameron.

The motions proposed have been gaining traction through local branches while advocates within the Labor Left cite the “current inadequate social welfare system” as the argument for the income countermeasure which will not be “activity-tested.” Means-testing has also been described by the group as “complex and intrusive.”

The financing of such a policy is left open by the motions, although “progressively levied taxation and other progressively raised government revenue” have been canvassed as possibilities.

One motion states: “A universal basic income would not need to replace all targeted social security payments, such as disability support, but any such payments would be in addition to a universal basic income.” The National Disability Insurance Scheme (NDIS) that is a nation-wide scheme designed to support people with disability. It is meant to provide people with disability support services that can help them develop their skills and also improve their quality of living. This can include home care services provided by agencies like Care For Family. Those who are interested to learn more about this can lookup NDIS Service Provider In Sydney, Care For Family on the web. Remember that every Australian citizen or person with a permanent or special category visa is eligible for this scheme.

The motion will be pushed at the NSW Labor conference later this year and the national conference next year as reported by Troy Bramston in the 08 March edition of The Australian. It seems that the motion will gain more traction after being pushed at the aforementioned conferences.

Source

AUDIO: “Can Less Work be More Fair?” Interview with Green Institute Director

AUDIO: “Can Less Work be More Fair?” Interview with Green Institute Director

Tim Hollo, the Executive Director of The Green Institute, an Australian based think tank supporting research and discussion around green/left politics, spoke with Des Lawrence of Radio Adelaide on January 29 to give a brief synopsis of a discussion paper entitled “Can Less Work Be More Fair?” This paper, which was released by the Institute in December 2016, is about the significance and implications of a Universal Basic Income and a shorter working week.

Hollo describes the “obvious challenges” which have led to an increased global interest and trial of the UBI in various countries. He discusses such challenges as environmental and ecological crisis driven by consumerism, the acceleration of automation which poses a threat to millions of jobs, and rising inequality which is bringing about political destabilisation. The Brexit vote, the rise of Trump in the US, and in Australia the increased popularity of the right wing populist Senator Pauline Hanson are all indicators of political unrest. As Hollo explains “…the growing strength of the far right, driven by inequality and disconnection…are at heart being created by the neoliberal capitalist frameworks that we live in”.

Can Less Work Be More Fair?” offers a perspective on UBI as a progressive and redistributive policy, designed to address the growing uncertainty within the labour market. The report covers a diversity of opinions, from those who strongly support the UBI, to those who take a more nuanced approach, and suggest that a UBI will require the support of supplementary policies if it is to secure the fairer societal outcomes that its advocates intend.

A full recording of the interview is available on the website of Radio Adelaide.

The complete report, Can Less Work Be More Fair?, is available for download from The Green Institute here. Kate McFarland has written for a summary of its contents for Basic Income News.


Photo: CC BY-SA 2.0 marissaorton

Gideon Haigh, “Basic income for all: a 500-year-old idea whose time has come?”

Gideon Haigh, “Basic income for all: a 500-year-old idea whose time has come?”

Gideon Haigh is a journalist who writes mainly about sports and business. In this article, Haigh explores a welfare system of a future in which, as he claims many argue, work will be increasingly flexible, casual, various and scarce. Haigh discusses three possibilities for Australia; universal basic income (UBI), negative income tax and targeted cash transfers, with most of the article devoted to UBI.

Throughout the article, Haigh quotes various writers, economists and politicians on the future of work. One of these is Tim Dunlop, author of ‘The Future is Workless’, who states that “you might be able to string together a lifetime of [short-term contracts]. But, for a lot of people, even if there is plenty of that sort of work, there are going to be periods where you’ve got nothing. And if you have a society based on that insecurity, that’s a bad society.” A UBI is there to fill in these gaps. Furthermore, Haigh notes, UBI has the advantage of a wide variety of advocates across the political spectrum.

Haigh also discusses the perceived downsides of a UBI, such as the expectation that a UBI would be a work disincentive. However, he notes, most forms of income support that are now uncontroversial were first condemned. Another downside, he claims, is that a true UBI would reach many who neither need nor want it. A related disadvantage could be the cost of the scheme, one that is aggravated by the fact that Australia does not rely as much on the tax and transfer system as, for instance, Scandinavian countries do.

An interesting comment is made, again, by Dunlop who mentions that he does not think UBI is an idea whose time has come, given that social and cultural norms are so entrenched. A crisis is required to force this change upon us.

The article closes out with a quote of urgency by economist Ross Garnaut: “We’re testing how democracy works when wages are stagnant or falling. Well, I think we already know how it works, which is badly. In fact, unless we get used to the idea of doing something systematic and non-stigmatising to support the incomes of ordinary people, it may not be viable as a political system.”

 

Read more:

Gideon Haigh, “Basic income for all: a 500-year-old idea whose time has come?” The Guardian, November 10, 2016.

 

Reviewed by Genevieve Shanahan

Photo: CC BY 2.0 Nicki Mannix