by Andre Coelho | Sep 23, 2017 | News
Joe Biden. Credit to: GQ.
Joe Biden, Obama’s ex-vice president, is confident that the reinforcement of the job-centered culture is the answer to the challenges already affecting work marketplaces in the US, as written in his blog at the Biden Institute. He supports this vision instead of the idea increasingly put forward by Silicon Valley moguls: unconditional basic income.
Biden, recalling his father’s words, wrote that he considers jobs to not only be a source of income, but also and foremost about “human dignity and self-respect”. Given that starting position, he is campaigning for an American economy that grows and “put(s) work first”. This, of course, is linked with the educational system and professional retraining, both areas in which Biden calls for profound changes, while maintaining “key workplace benefits and protections (…) in an economy where the nature of work has changed”.
Basic income is given little attention in the cited blog post, summarized only briefly as something that is just boiling up in Silicon Valley due to transformations, present and future, introduced by automation. However, automation concerns have only been one issue among several that can justify introducing an unconditional basic income, such as the elimination of poverty, reducing inequality, solving bureaucratic unemployment and poverty traps and creating more gender equality. Also, as extensive data shows, basic income interest is growing all around the world (e.g.: Canada, UK, Finland, Netherlands, Germany), not only among the Silicon Valley milieu.
More information at:
Joe Biden, “Let’s choose a future that puts work first”, Biden Institute Blog, 2017
Hugh Seal, “Finding a better way: a basic income pilot project for Ontario”, Discussion Paper, Massey College, August 31st 2016
Kate McFarland, “”Reducing poverty and inequality through tax-benefit reform and the minimum wage: the UK as a case-study””, Basic Income News, August 30th 2017
Kela, “From idea to experiment: report on universal basic income experiment in Finland”, Working papers 106 | 2016, Helsinki, 2016
Genevieve Shanahan, “Patricia Schulz “Universal basic income in a feminist perspective and gender analysis””, Basic Income News, March 6th 2017
by Andre Coelho | Aug 26, 2017 | News
Keith Ellison. Credit to: The Boston Globe.
Keith Ellison, a member of the US Congress from Minnesota and Deputy Chair of the Democratic National Committee, has expressed an endorsement for basic income on Twitter. His tweet posted on the 17th August 2017, is straightforward: “I am for guaranteed basic income. Who agrees? Who disagrees? Why?”
This is relevant not only because Ellison is a prominent politician in one of the two major parties in the United States, but also because the tweet was liked around 4500 times, shared 850 times and commented almost 1000 times, in less than five days.
Ellison himself did not join the conversation on his Tweet. However, many other basic income advocates joined the thread, including well-known writer and activist Scott Santens, who wrote: “we didn’t invent technology to make sure we always had a job”.
Ellison’s endorsement was immediately noticed by the Economic Security Project (ESP), a two-year initiative supporting basic income projects in the US, which released a press release on his statement on the 18th of August. ESP co-founder Dorian Warren said in the press release: “we are thrilled that basic income has the support of a bold, progressive leader like Keith Ellison”.
by Andre Coelho | Jul 23, 2017 | News
John Horgan and Andrew Weaver. Credit to: British Columbia New Democratic Party.
Since the 30th of May 2017 that British Columbia (BC) political parties NDP (New Democratic Party) and Greens have an agreement signed to collaborate in the present regional legislature, which can be read in the NDP webpage. This comes after an historical regional election process which saw the end of the Liberal Party majority in BC, held since 2001.
This event is also relevant because the unprecedented agreement refers basic income as part of its agenda. At the end of its Section 3 – Policy Initiatives, under the subtitle “Making life more affordable”, it can be read: “One aspect of the poverty reduction strategy is to design and implement a basic income pilot to test weather giving people a basic income is an effective way to reduce poverty, improve health, housing and employment.”
Other issues covered by the agreement are the maintenance and improvement of public services (mainly health and education), rolling out of environmental protection policies such as expanding the polluting emissions tax and measures to set better democratic mechanisms in BC. It becomes clear from this general political party agreement that basic income is a part of a broad set of policies which aim at improving British Columbians lives, while protecting the environment and established public services.
More information at:
Rob Shaw, “NDP, Greens take aim at Kinder Morgan, Site C in power-sharing deal”, The Province, May 29th 2017
by Andre Coelho | Jul 13, 2017 | Research
Malcolm Torry. Credit to: The Back Road Café
In a partnership between the Citizen’s Income Trust and the London School of Economics, Malcolm Torry, Director of the Citizen’s Income Trust and General Manager of BIEN, authors and presents a new study on the implementation of a basic income in the UK.
This study, referred to as a working paper, details two potential implementation models for a basic income, and looks into their consequences with respect to several social and economic indicators, including “poverty and inequality indices, tax rate rises required for revenue neutrality, household disposable income gains and losses, household’s abilities to escape from means-testing, and marginal deduction rates.”
The implementation models examined were, first, a basic income to all UK citizens, funded by the existing tax and benefits system, which would maintain the means test but introduce new thresholds and, second, a program that would be phased in by increasing the UK’s Child Benefit and allowing all new sixteen-year-olds to keep that benefit for life.
According to Malcom’s analysis, both models are feasible and beneficial in terms of the above indicators. Notably, estimated losses would be insignificant to households in the lowest quintile, and still relatively insignificant when considering all households. Additionally, in both cases, income tax rates would not need to be raised more than 3% in order to finance the basic income scheme roll-out.
More information at:
Malcolm Torry, “A variety of indicators evaluated for two implementation methods for a Citizen’s Basic Income”, Euromod Working Paper Series, May 2017
by Andre Coelho | Jul 4, 2017 | News
Arun Jaitley. Credit to: The Indian Express
India’s Finance Minister, Arun Jaitley, has commented on the nation’s most recent Economic Survey, tabled in Parliament on 31st January, 2017. He himself presented it, just before the day on which the Indian budget was presented, and its contents were discussed previously.
Universal basic income (UBI) has been gaining attention in India in the past few months, and the first Indian National Conference dedicated to UBI was held in March of this year. In his recent remarks, however, Jaitley expressed concern that UBI may not yet be feasible, due to “political limitations”. It’s unclear at the moment what might be causing this “political limitation”, although other leading Indian economists, such as Amartya Sen, have also expressed doubts about the implementation of UBI in India. In spite of this cautious declaration, Jaitley has also said, “I’m fully supportive of his idea (UBI) but realizing limitations of Indian politics”.
While some economists such as Sen and Jean Dreze have been skeptical about UBI as a possible social policy option for India, others such as Pranab Bardhan, Sudipto Mundle and Vijay Joshi have recently prescribed UBI for the country.
The Economic Survey, a document prepared by Chief Economic Advisor Arvind Subramanian and his team, holds that UBI is a powerful idea, although not ready for implementation. It also states that UBI can be “an alternative to a plethora of state subsidies for poverty alleviation”, and that it “would cost between 4% and 5% of GDP”. It also discusses some options to phase in a UBI in India. These key points about UBI in Economic Survey can be read in this short summary.
More information at:
Kate McFarland, “India: Government Economic Survey presents case for basic income”, Basic Income News, February 4th 2017
Austin Douillard, “India: First National Conference on Universal Basic Income”, Basic Income News, May 2nd 2017
Kate McFarland, “Amartya Sen: India not ready for a basic income”, Basic Income News, March 6th 2017
PTI, “Finance Ministry discussing bad bank, basic income proposals: Arun Jaitley”, The Indian Express, June 11th 2017
