Tag Archives: Wealth Partaking Scheme

China: Macao to spend over $1.5bn on public subsidies including Wealth Partaking Scheme

The Macao region of China will spend more than 1.2 billion euros this year on public subsidies, including their Wealth Partaking Scheme, which functions as a very low-level form of basic income. As reported by the Xinhua News Agency, the official press agency of the People’s Republic of China, the Macao region will be spending over 12bn patacas (1.2 billion

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China: News from Macau’s “Wealth Partaking Scheme”

José Pereira Coutinho. Credit to: Macau Daily Times.   In the Legislative Assembly (AL) elections for The New Hope (Nova Esperança), a political party from Macau, candidacy is headed by lawmaker José Pereira Coutinho. He is urging for the redistribution of the second share of the Wealth Parking Scheme, as reported on by BIEN in late July, by the end

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Wealth Partaking Scheme: Macau’s small UBI

Macau City   The government of the Macau Special Administrative Region (SAR) in China has announced the “Wealth Partaking Scheme 2017” (WPS), under which local permanent residents are entitled to receive a small annual unconditional basic income of 9,000 patacas [US $1,128 (1)] and non-permanent residents 5,400 patacas [US $672]. With the Administrative Regulation No. 18/2017, the scheme came into

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