Liberal Party of Canada Adopts Basic Income Policy

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“A Concrete & Financed Proposal For Basic Income In Sweden”

Post by Riddick » 07-22-2017 12:25 AM

Christian Engström, former Member of the European Parliament 2009-2014 for the Swedish Pirate Party, has written a “concrete proposal” for an unconditional basic guaranteed tax-free income of 900 EUR (8333 SEK) per month for every Swedish resident between the ages of 19 and 65.

The basic income would replace Sweden’s current social assistance programs, student aid, and unemployment benefits, but no other government-funded programs. Disability and sickness benefits, child benefits, and the state pension would remain in place.

Engström’s basic income guarantee is designed as a negative income tax rather than as a universal grant, with the amount of the grant tapering off as the recipient earns income. Specifically, Engström proposes a 33% income tax with a reduction of the basic income grant by the same amount. (For example, someone who makes 300 EUR would pay 100 EUR in income taxes, and see their basic income lowered by 100 EUR, but would still net 100 EUR.)

Engström proposes no increase in income taxes, and points out that 33% is Sweden’s current normal marginal tax rate for low- and middle-income earners.

The basic income grant would be financed in part through money saved on the social assistance programs to be replaced. The rest of the funds, according to Engström’s proposal, would come from eliminating certain industry-specific discounts on value-added tax (VAT), such as those enjoyed in the food and restaurant industry.

To date, basic income has received little mainstream political support in Sweden — unlike neighboring Finland, where an experiment on the effects of an unconditional basic income will begin next year.

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But WAIT! There's MORE -

SWEDEN: UBIE Vice-Chair Launches Basic Income Political Party

Lena Stark, Vice-Chair of Unconditional Basic Income Europe (UBIE), has founded Basinkomstpartiet, a new political party, to promote basic income in Sweden.

Basinkomstpartiet plans to develop a specific model of basic income for the country, and to run candidates for election in Sweden’s general election in September 2018. At present, however, the party is still under development–as is the exact model of basic income that it will promote.

Basinkomstpartiet, whose core leadership presently consists of five people, is now focused on raising funds and developing a party platform. The party is also gathering a team of researchers and academics to draft a model for its basic income proposal.

Basinkomstpartiet promotes a view of basic income as a human right, linking it to the right to an “adequate standard of living” demanded by the United Nations Conventions on Human Rights, while also advancing the policy as a way to reduce stress in society and promote ecological sustainability.

Stark has been involved with the basic income movement since 2013, and began developing her idea for a political party in 2016, in light of the slow adoption of basic income among existing Swedish political parties. Although a few individuals in most parties support basic income, no party has come out in favor of any version of the policy. Sweden’s Green Party has never promoted a basic income, despite calling for an investigation of the idea at its 2015 conference.

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Re: Liberal Party of Canada Adopts Basic Income Policy

Post by Doka » 07-22-2017 04:31 PM

Well , hopefully this will put a stop to those pesky people, who like to make their own money, and entrepreneurs who like creating, better ways of doing things. Equal poverty for all! Lucky we have mostly moved out of "caves" we couldn't possibly have made it that far with that type of thinking. :rolleyes:
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Re: Liberal Party of Canada Adopts Basic Income Policy

Post by Riddick » 07-29-2017 01:57 AM

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Re: Liberal Party of Canada Adopts Basic Income Policy

Post by Doka » 07-29-2017 12:47 PM

Very interesting. The Elite Bureaucracy , fighting over how to feed the masses, and still keep, power and money in check.

Since Capitalism has been so demonized , There is only one way to go.......keep good jobs out of the mix and tax the poor and middle class into oblivion,with their wholehearted permission, of course, sounds like plan, equality , don't ya know. But wait! There is" in" fighting among the Elites, we may "Accidentally" reap a few benefits from this? After they turn and take their un-earned cash assets with them ,to their Millions of Dollars, Bunkers. We are going to have some form of "World Financial Adjustment" So Grit your teeth and hang on. And remember they have to come up with their bags of gold, sometime.........Will the Masses be waiting? :?:
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Finland Has Second Thoughts About Giving Free Money to Jobless People

Post by Riddick » 05-02-2018 11:49 PM

The Finnish government has opted not to continue financing its experiment with so-called universal basic income past this year, a reflection of public discomfort with the idea of dispensing government largess free of requirements that its recipients seek work. FULL STORY
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Facebook Co-Founder Advocates For Basic Income

Post by Riddick » 07-03-2018 12:28 AM

Facebook co-founder Chris Hughes, who reportedly made $500 million from to his 2 percent stake in the company, has been recently campaigning on a platform of guaranteed basic income at the expense of the 1 percent.

In February 2018, Hughes published his book, “Fair Shot: Rethinking Inequality and How We Earn.” Since then, Hughes has been giving interviews about his basic income proposal.

TechCrunch reports Hughes recently highlighted his proposal to give $500 a month to Americans who make under $50,000 a year by placing a tax on those who make $250,000 or more while speaking on the “Interesting People in Interesting Times” podcast.

Speaking of his luck with Facebook, in which he made half a billion dollars in three years, Hughes said, “Unfortunately, it is indicative of a fundamental unfairness in our economy... income inequality in our country has not been this bad since the Great Depression.

And even though we’re all reading the headlines that unemployment is at 3.9 percent and the stock market is at record highs, what’s actually happening is that the median incomes in our country haven’t budged in nearly 40 years. While at the same time stories like mine create an illusion of economic opportunity.”

Despite going on his tour to advocate for universal basic income, Hughes said the idea is merely a “theory” and he does not believe it is possible in America:

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FREE MONEY! Universal Basic Income Program Moves Forward

Post by Riddick » 12-15-2018 02:26 AM

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At hundreds of homes in Stockton CA neighborhoods where median income is at or below $46K/year, letters are starting to show up notifying people they may be eligible to get $500 a month with no strings attached.

The money is part of the city’s basic income pilot program. Stockton is the first city in the country to launch it. The letter 1,200 people will be receiving over the next few days does not mean people will automatically receive money but it brings them closer to potentially being selected.

A team of independent researchers will pick 100 people to receive the money. The purpose of the program known as the Stockton Economic Empower Demonstration, or SEED, is to study how an extra $500 a month impacts people’s health and stress level. Researchers are also looking to see if people feel financially secure.

The researchers will also have a comparison group as part of the program. It consists of 200 additional people who will get a $20 gift card for filling out surveys and provide feedback.

People who receive a letter from SEED have until December 23rd to fill out a consent form online. The 100 people selected will be noticed by mid-January. The money will be delivered to those individuals soon after that.

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