Sunday, 8 May 2016

The Independent: What is a universal basic income – and how could it lift millions out of poverty?

The Independent: What is a universal basic income – and how could it lift millions out of poverty?

by Ralph Callebert

"The idea of a basic income for every person has been regularly popping up around the world in recent years. The latest place is the Canadian province of Ontario. It has announced plans to test the concept and, if the trials are successful, could soon find itself sending a monthly cheque to its residents.

Economists, think tanks, activists and politicians from different stripes have long toyed with the idea of governments giving every citizen or resident a minimum income off which to live. This cash transfer could either replace or supplement existing welfare payments.

Pilot projects and feasibility studies have also been run or are under way in the Netherlands, India, Finland, France and elsewhere."

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