USBIG NewsFlash Vol. 16, No. 80, February 2015

The USBIG NewsFlash is both the newsletter of the U.S. Basic Income Guarantee (USBIG) Network and the U.S. edition of the Basic Income Earth Networks NewsFlash. The USBIG Network (www.usbig.net) promotes the discussion of the Basic Income Guarantee (BIG) in the United States. BIG is a policy that would unconditionally guarantee at least a subsistence-level income for everyone. If you would like to be added to or removed from this list please go to: http://www.usbig.net/newsletters.php.
For questions, contact the editor, Karl Widerquist:
Karl@Widerquist.com.

Contents

1. New York, NY: The Fourteenth Annual NABIG Congress, February 26 – March 1, 2015
2. Drop in Oil Prices Causes Concern for the Future of Alaskas Permanent Fund Dividend
3. Events
4. News
5. BI Literature
6. Audio-Video
7. About the Basic Income Earth Network and its NewsFlash

 

1. New York, NY: The Fourteenth Annual NABIG Congress, February 26 – March 1, 2015

The Fourteenth Annual North American Basic Income Guarantee Congress (a joint even of U.S. and Canadian Basic Income networks) will take place in New York City Thursday, February 26 – Sunday March 1, 2015. Most events will be held in conjunction with the Annual Meeting of the Eastern Economic Association (EEA) at the New York Sheraton Hotel and Towers‎. The Congress will also involve free events including a public discussion Thursday, February 26 and a political movement meeting at the Brooklyn Commons on Sunday March 1.

Featured speakers at the conference include Marshall Brain, futurist and author of How Stuff Works and Manna; Peter Barnes, environmentalist and author of Who Owns the Sky?, With Liberty and Dividends For All, and Capitalism 3.0; Ann Withorn, welfare rights activist and Professor Emeritus, University of Massachusetts Boston, author of Serving the People: Social Services and Social Change and co-editor of For Crying out Loud: Women and Poverty in the U.S.; Jim Mulvale, Dean of the Faculty of Social Work at the University of Manitoba and Vice-Chairperson of the Basic Income Canadian Network (BICN/RCRG), Mary Bricker Jenkins, Professor of Social Work, Temple University, and US Welfare Rights Union leaders, and forty other speakers.

Event Calendar:

Thursday, February 26, 2015

6:30pm to 9pm: Public Discussion: New Possibilities for the Basic Income Movement
Location to be announced

Friday, February 27, 2015

8am to 7pm: Sessions at the Sheraton Hotel, 811 7th Avenue, New York, NY
Evening: social event to be announced

Saturday, February 28, 2015

8am to 6:30pm: Sessions at the Sheraton Hotel, 811 7th Avenue, New York, NY
Evening: social event to be announced

Sunday, March 1, 2015

8am to 12:30pm: Sessions at the Sheraton Hotel, 811 7th Avenue, New York, NY
12:45-m-2:15: Lunch meeting: organizational meeting of the USBIG Network

6:00pm: Meeting: Are we ready to start an activists movement for BIG in the United States? Well chip in for pizza and drinks, but well share the food and drink unconditionally with everyone who comes—without means test or any requirement to make a reciprocal contribution. We will discuss this question without any more specific agenda. Karl Widerquist will moderate the discussion, but will not lead the discussion or any effort that might come out of it. Location: Brooklyn Commons, 388 Atlantic Ave. Brooklyn, NY. This event is free and open to everyone.

For updated information on featured speakers, registration, and accommodations as more becomes available, visit the USBIG website: www.usbig.net.

Essential information:

Conference dates: Thursday, February 26 – Sunday, March 1, 2015
Locations: New York and Brooklyn, NY: The Sheraton Hotel and Towers, 811 7th Avenue, New York, NY, Hunter College, and the Brooklyn Commons
Organizing committee: Karl Widerquist <
Karl@Widerquist.com> (organizer), Ann Withorn <withorn.ann@gmail.com>, Shawn Cassiman <scassiman1@udayton.edu>, and Jurgen De Wispelaere <jurgen.dewispelaere@gmail.com>
Website:
USBIG.net.

2. Drop in Oil Prices Causes Concern for the Future of Alaskas Permanent Fund Dividend

The recent drop in oil prices has had a devastating effect on the Alaska state governments budget, most of which is derived directly or indirectly from current oil revenues. Alaskas Permanent Fund Dividend (or PFD—Alaskas small basic income) is not financed by current oil revenue and so is technically unaffected by fluctuating oil prices, but budgetary pressure from declining oil revenues could cause political pressure to divert revenue from the PFD into the main budget.

The PFD is financed by the Alaska Permanent Fund (APF), a sovereign wealth fund set up in 1976 to make some of Alaskas oil windfall permanent. The APF is protected by the states constitution: the state can spend only the returns to the fund, not the principle. But the PFD does not have similar projection. It was created by an act of the state legislature in 1982, and even with 33 years of precedent, it is vulnerable to legislative decision. The PFD is so popular that it has been called the Third Rail of Alaskan Politics, meaning that any legislator who touches it dies. But budgetary pressure could change that political condition.

The recent decline in oil prices on top of a large tax cut the state government gave to the oil companies a few years ago has led to a very large budget deficit—currently projected at about $3.5 billion. Legislators are discussing how to fill the deficit. Some legislators have promised not to divert money slated for the PFD, but some recent editorials have called to divert money from the PDF to the general budget.

May different solutions are being discussed. One legislator has introduced a bill to amend the states constitution to permanently protect the PFD. A recent editorial calls for reversing the tax cut for the oil companies. One plan being proposed is to divert all new oil revenues to the APF, then use half of the returns from the APF for the PFD and the other for general revenue. Another plan calls for reintroducing the states income tax; the state has been without an income tax for as long as it has had the PFD. The absence of an income tax has been nearly as popular as the PFD. It remains to be seen whether support for the PFD will remain strong in the face of the prospect of reviving the income tax.

For more information, see the following articles:

Alex DeMarban, Alaska Dispatch, Panelists suggest cuts, tapping Permanent Fund earnings to solve Alaska's fiscal woes. Alaska Dispatch News, October 5, 2014

Becky Bohrer, Permanent Fund Dividend eyed for constitutional protection. Valdez Star, Vol. 27 Edition 2, January 14, 2015

Becky Bohrer, Lawmaker's bill aims to guard Alaska Permanent Fund benefit. Alaska Dispatch News, January 9, 2015

Carey Restino, It's time to file for Permanent Fund Dividends, and contemplate changes. The Bristol Bay Times, January 30th, 2015

Fairbanks Daily News-Miner Editorial Board, Alaska needs budget leadership: Bold solutions needed to fill revenue hole left by low oil prices. Fairbanks Daily News-Miner, December 14, 2014

John Havelock, Alaskans should be willing to pay their share with an income tax. Alaska Dispatch News, January 26, 2015

Katie Moritz, Senators: Everything but taxes, PFD on table to fix budget. Juneau Empire, January 21, 2015

KTVA Walker administration tries to rein in Alaskas budget. KTVA CBS 11 News, December 16, 2014

Merrick Peirce, Writing on the wall: time to dump SB 21. Fairbanks Daily News-Miner community perspective, January 11, 2015

Ray Metcalfe, A formula for securing Alaska's financial future. Alaska Dispatch News, January 28, 2015

 

3. Events

London, UK: Book launch: Basic Income: A Transformative Policy for India

Bloomsbury Publishing will host a book launch for the new book, Basic Income: A Transformative Policy for India, by Sarath Davala, Renana Jhabvala, Soumya Kapoor Mehta and Guy Standing, on Tuesday 27th January 2015, at 6.30 p.m., at Bloomsbury Publishing, 50 Bedford Square, London, WC1B 3DP

RSVP via the Eventbrite page.

 

WINNIPEG, MANITOBA, CANADA: A Basic Income For Canada and Manitoba: Why Not?

The University of Manitoba will host a one-day symposium, entitled, A Basic Income For Canada and Manitoba: Why Not?

The featured Speaker is Jurgen De Wispelaere, a Fellow at the Institute for Health and Social Policy at McGill University, Montreal Canada. He is a founding editor of the journal Basic Income Studies, co-editor of three books, and author of dozens of peer-reviewed articles. His research interests span the philosophical aspects of social policy and institutional design, including unconditional basic income, disability policy, adoption policy, and health.

The symposium will also include presentations by academic and community researchers who are working on Basic Income and related aspects of economic security:

Nicole Beasse, Faculty Of Law, UM

Evelyn Forget, Department Of Community Health Sciences, UM
Sid Frankel, Faculty Of Social Work, UM

Jim Mulvale, Faculty Of Social Work, UM

Gregg Olsen, Department Of Sociology, UM

Wayne Simpson, Department Of Economics, UM

Harvey Stevens, Department Of Economics, UM

James Wilson, Treaty Commissioner For Manitoba

This symposium is open to faculty members, students, and members of the community at no charge. Lunch will also be included.

FEBRUARY 5, 2015 - 9:30 AM to 3:30 PM
Hanley Hall – St. Pauls College University of Manitoba
Free Event – Registration is required as seating is limited.
For more information and to register, visit umanitoba.ca/social_work

4. News

 

 

UNITED KINGDOM: Green Partys Basic Income Proposal Scrutinized by Experts

[Josh Martin]

Recent articles this week have been detailing the issues in the UK Green Partys proposal for a citizens income, also known as a basic income.  According to the Citizens Income Trust, their current proposal to implement a revenue-neutral scheme that would give each citizen 72 a week would make 35.15% of households net-losers by losing more current benefits than the citizens income would replace.  This would especially hurt low-income households currently receiving multiple means-tested benefits.  The Citizens Income Trust has given advice to the Green party frequently on their citizens income policy, but it is their analysis that has uncovered some of the issues in the current plan. 

Malcolm Torry, Director of the Citizens Income Trust, said that this current citizens income scheme is impossible to implement with its negative effects on low-income households, but he argues that the scheme would still be worthwhile if a means-tested component were included in the plan.  This means-tested benefit would be necessary to maintain the benefit levels of those in low-income households, but the bulk of the benefits system would be the citizens income, leading to significantly decreased marginal deduction rates.  Torry details what such a plan might look like in the Citizens Income Trusts first newsletter of 2015 in an article titled A feasible way to implement a Citizens Income.

Most of this negative press about the Green Partys citizens income plan stems from an interview Natalie Bennett, leader of the Greens, had with Andrew Neil in which she stumbled while trying to explain the intricacies of the citizens income plan among other Green policies.

For more information, click on the following links:

Patrick Wintour, Green partys flagship economic policy would hit poorest hardest, say experts, The Guardian, 27 January 2015.

Groningen, the Netherlands: Discussion of a possible Basic Income Pilot Project

Guy Standing, honorary co-President of BIEN, visited Groningen in the last week of January 2015 to discussing with locals the possibility of launching a pilot basic income scheme around there. He does not know yet whether the project will happen, but he says, the group seems very grounded, and the man on the council in charge of social policy seems keen. The discussions were filmed by public Dutch TV with the programme due to be put out in March 2015.

 

INTERNATIONAL: Co-chair of the World Economic Forum summit in Davos calls for a minimum income guarantee

Oxfam International, whose executive director Winniw Byanyima, will co-chair the hugely influential World Economic Forum in Davos, has called for world leaders to implement a seven point plan which includes a minimum income guarantee.

The World Economic Forum's annual meeting also referred to as the Davos Summit, is a hugely influential meeting of world leaders including politicians, business leaders, academics, NGOs and others who meet to discuss issues of importance effecting the world.

The decision to invite Byanyima comes as Oxfam releases a report on global economic inequality which suggests that the global 1% own about half of the world's wealth. Oxfam's seven point plan is an attempt to address this issue. The full point regarding minimum income reads 'Ensure adequate safety-nets for the poorest, including a minimum-income guarantee.' Other proposals such as 'clamping down on tax dodging by corporations and rich individuals' and 'shifting the tax burden from labour and consumption to capital and wealth' are also included.

Other co-chairs include Jim Yong Kim, President of the World Bank, Eric Schmidt, Executive Chairman of Google and other businesspeople.

For more information, see:

Larry Elliott, Ed Pilkington, New Oxfam report says half of global wealth held by top 1%, The Guardian, 19 January 2015

Oliver Cann, Meet the co-chairs for Davos 2015, Agenda, 04 December 2014

World Economic Forum, About us, World Economic Forum

 

5. BI Literature

 

Adam Cowden, "Moving forward after Ferguson and Staten Island"

 

Latest events about the death of African-American men, after encounters with the police, have generated flamed discussions in the USA. However, extreme poverty seems to be the underground generator of situations like this. In response, the universal basic income is discussed as a ground-breaking solution to this pervasive social problem.

 

Adam Cowden, "Moving forward after Ferguson and Staten Island", Huffpost Students, December 10 2014

 

Alyssa Battistoni, Alive in the Sunshine

[Josh Martin]

Battistonis lengthy post highlights issues facing the environment today, especially focusing on consumption.  Since consumption increases end up damaging the environment, Battistoni argues for policies that can decrease consumption, like shortened work weeks and the universal basic income, including proposals like the tax-and-dividend approach.

Alyssa Battistoni, Alive in the Sunshine, Jacobin, January 2015.

Anthony Painter, The need for new ideas- even if they seem crazy at first

[Josh Martin]

Painters post discusses the current fear of creative policy-making in government, and shows two ways that this creativity may finally be moving forward.  First, Painter highlights far-left Syrizas victory in the recent Greek Elections, and then he mentions the Green Partys support for a Citizens Income (a basic income) in the UK.

Anthony Painter, The need for new ideas- even if they seem crazy at first, RSA Action and Research Centre, 26 January 2015.

Citizens Income Trust [UK], 2015 Issue 1, Citizens Income newsletter, January 2015

The first issue of the Citizens Income Newsletter for 2015 includes news; editorials on Predistribution, The necessity and the feasibility of a Citizens Income, Benefits sanctions, and Fair benefits; a research note by Malcolm Torry entitled, A feasible way to implement a Citizens Income; an extended article by Anne Miller entitled, The prospects for a CI scheme in Scotland after the Referendum on Independence held on 18 September 2014; and reviews of the following books:

Marshall Brain, Manna: Two Visions of Humanitys Future
Bob Deacon, Global Social Policy in the Making
Tony Fitzpatrick, Climate Change and Poverty
Bruce Nixon, A Better World is Possible
Fred Powell, The Politics of Civil Society
Julian Reiss, Philosophy of Economics
Paul Spicker, Reclaiming Individualism

Citizens Income Trust [UK], 2015 Issue 1, Citizens Income newsletter, January 2015.

 

Diane Pagen, "Helping the poor must extend beyond the usual holiday turkey, coat drives: Opinion"

In the USA, institutions practice the traditional charity program of turkey and coats distributions on Thanksgiving. The author criticizes this practice as inefficient and ultimately not addressing root causes for poverty. Instead, direct income support and food stamps is suggested for alleviating poverty in the USA.

Diane Pagen, "Helping the poor must extend beyond the usual holiday turkey, coat drives: Opinion", Star-Ledger, December 8 2014

 

Djavad Salehi-Isfahani, Irans Subsidy Reform: from Promise to Disappointment

[Josh Martin]

Salehi-Isfahani details the Iranian subsidy reform of 2010, where they shifted funds usually allocated to energy subsidies totaling around $100 per citizen to a cash transfer program of $45 per person per month.  This program implemented a form of a basic income, and this article details the economic impact of the reform on energy prices, inflation, and on poverty levels.  In total, the cash subsidies had a significant impact on poverty and inequality.

Djavad Salehi-Isfahani, Irans Subsidy Reform: from Promise to Disappointment, Economic Research Forum, Policy Perspective No. 13, June 2014.

D S Wright, Does Uber Make a Universal Basic Income Inevitable?

[Josh Martin]

This article discusses how Uber, the un-unionized transportation service that is cutting into the unionized taxi market, is setting a dangerous precedent for the labor market that is increasingly moving away from unions.  This precarious labor market would be made more palatable if citizens could count on a basic income each month.

DSWright, Does Uber Make a Universal Basic Income Inevitable?, Firedoglake, 29 January 2015.

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Dylan Matthews, Basic income: the worlds simplest plan to end poverty, explained

[Josh Martin]

This article continues Matthewss extensive series on the basic income on Vox.  In this post, he provides an excellent, thorough introduction to the idea of the basic income, providing explanations for the varying political justifications for the basic income as well as a detailed history of basic income policies throughout the world. 

Dylan Matthews, Basic income: the worlds simplest plan to end poverty, explained, Vox, 29 January 2015.

Evok3d, BitNation—Decentralized, Borderless Government to Provide Universal Basic Income

[Josh Martin]

This post discusses an idea to implement a basic income via the digital cryptocurrency Bitcoin through a platform named BitNation.

Evok3d, BitNation—Decentralized, Borderless Government to Provide Universal Basic Income, Coins Source, 16 January 2015.

Geoff Simmons, Ten Types of People Who Would be Better Off with an Unconditional Basic Income

[Josh Martin]

Writing from New Zealand, Simmons writes on ten types of people who would especially benefit from a basic income: one income families, caregivers and volunteers, beneficiaries, students, the working poor, people without children, welfare organisations, anyone on infrequent income, anyone chasing their dream, and taxpayers.

Geoff Simmons, Ten Types of People Who Would be Better Off with an Unconditional Basic Income, Gareths World, 21 January 2015.

George Monbiot, Follow your convictions—this could be the end of the politics of fear

[Josh Martin]

Monbiot discusses voting patterns in the UK, arguing that the two party system of Labour and Conservatives is a product of voting fearfully.  Instead, he implores left-leaning voters to seize the opportunity to vote for parties like Syriza, Podemos, Sinn Fin, and the Green pary.  In his argument he mentions some of the policies these parties support, including the basic income.

George Monbiot, Follow your convictions—this could be the end of the politics of fear, The Guardian, 28 January 2015.

Giorgos Kallis, Podemos partys plan to stimulate consumption needs more ambition

[Josh Martin]

Kallis discusses the far-left Spanish political party Podemoss economic plan to stimulate consumption but claims that it does not go far enough to reorient the economy.  One of Podemoss policies is a basic income, but only for those who cannot find work.  Kallis suggests making it truly universal.

Giorgos Kallis, Podemos partys plan to stimulate consumption needs more ambition, The Guardian, 15 January 2015.

Glenn Drover, Allan Moscovitch, and James Mulvale, Promoting Equity for a Stronger Canada: The Future of Canadian Social Policy.

Canadian Association of Social Workers (CASW) published their report titled Promoting Equity for a Stronger Canada: The Future of Canadian Social Policy. A co-author is Dr. Jim Mulvale, Dean of Social Work at the University of Manitoba and Vice-Chair of Basic Income Canada Network (on the board of which I also serve).

Pages 10-22 of the report focus on "income equity" generally and basic income specifically: this section defines basic income, summarizes basic income's history in Canada, flags key practical matters, discusses costs and the need for federal leadership, and includes CASW's recommendation "that the federal government initiate a process to review and renew the income security system in Canada with a view to the possibility of developing a targeted and affordable basic income."

This report provides introductory information on basic income within the Canadian context. CASW's recommendation may mark the first time a national professional association in Canada has voiced its strong support for basic income.

Glenn Drover, Allan Moscovitch, and James Mulvale, Promoting Equity for a Stronger Canada: The Future of Canadian Social Policy. Canadian Association of Social Workers (CASW), 2014

Jamie Klinger, How I thrived on a Basic Income of $11,000 last year in Montreal

[Josh Martin]

This post details Klingers past year where he managed to live on $11,000, which is a possible level for a basic income.  He spent 51% of his budget on rent, 19% on food, 2% on transportation, 10% on vacation, 3% on fun/vices, 3% on health, and 5% on communications.  While many might think it very difficult to live on only $11,000, Klinger argues that its largely down to your attitude.

Jamie Klinger, How I thrived on a Basic Income of $11,000 last year in Montreal, Medium, 23 January 2015.

Jamie McMillan, Basic Income Scheme: How to Pay for it

[Josh Martin]

McMillan writes in response to the headlines going around the UK stating that a basic income would cost 280 billion pounds, instead arguing that it would be far less, simply by replacing and redefining already existing programs like Jobseekers Allowance, tax allowances, and pensions.

Jamie McMillan, Basic Income Scheme: How to Pay for it, Planet Rant, 26 January 2015.

Jeremy Griffith, Libertarian Perspectives on Basic Income

[Josh Martin]

Griffith discusses the libertarian arguments for a basic income, citing major thinkers like F.A. Hayek, Charles Murray, and Veronique de Rugy.

Jeremy Griffith, Libertarian Perspectives on Basic Income, Unfettered Equality, 15 January 2015.

John Higgs, Why unconditional basic income for all fails the splutter test but would liberate the world

[Josh Martin]

Higgs begins by discussing the recent political phenomenon of catering to the middle by Labour, Conservatives, and the Liberal Democrats in the UK, and argues that this disenfranchisement with their traditional bases has led to the rise in popularity of the fringe parties like the Scottish National Party, UKIP, and the Greens.  Higgs then jumps into the Green Partys manifesto to highlight one policy that could liberate everyone, but causes a knee-jerk, negative reaction: the Citizens Income, also known as the basic income.  Higgs then goes on to explain some of the major benefits of the Citizens Income.

John Higgs, Why unconditional basic income for all fails the splutter test but would liberate the world, UsVsTh3m, 23 January 2015.

John McDermott, The basic problem with basic income is basic mathematics

[Josh Martin]

McDermotts article provides a good introduction to the main discourse on basic income, raising important questions and then answering them.  He writes mostly in response to the UK Green partys proposal to implement a basic income of 71 per week for adults aged 25 to 65.

John McDermott, The basic problem with basic income is basic mathematics, Financial Times, 30 January 2015.

London, UK: The case for the Universal Basic Income–London Futurists

[Josh Martin]

The London Futurists are holding a meeting titled The case for the Universal Basic Income on 14 February 2015 in London at Birkbeck College.  With increasing levels of automation in the business sector, jobs may be disappearing faster than previously thought, and a basic income may be a requirement of a new social contract of sorts. The London Futurists will speak on issues like these in relation to the basic income at this event.

Entrance is 5.00 pounds per person.

For more details, you can click here.

Maciej Szlinder, Basic Income in the Spotlight in Spain: Interview with Daniel Ravents

[Josh Martin]

Originally written in Polish, Szlinder interviews Daniel Ravents, President of Red Renta Bsica (The Spanish Basic Income Network) about the history of the basic income movement in Spain as well as its recent resurgence with Podemos.  Further, he discusses region specific ideas in Catalonia, and different fractions within basic income supporters.

Maciej Szlinder, Basic Income in the Spotlight in Spain: Interview with Daniel Ravents, Praktyka Teoretyczna, 30 October 2014.

Roberto Merrill, "Pr-distribuio [Pre-distribution]"

 

The author distinguishes "weak" and "strong" (economic) pre-distribution. The former amounts fairly to what already exists in some countries (welfare state); the latter consists in the unconditional basic income (UBI). The article defends that it is the "strong" pre-distribution which may more drastically promote social equality, justice and freedom.

 

Language: Portuguese

Roberto Merrill, "Pr-distribuio [Pre-distribution]", Econmico (online), September 19 2014

 

Robin McGhee, "Opinion: Universal Basic Income is the way forward for the Liberal Democrats"

 

In Britain, it is argued, the present welfare system does not work. To eradicate poverty, emancipate workers and raise working standards, the UBI is defended. To finance it, according to the Citizen's Income Trust, only 2% over the cost of the welfare system for 2012-2013 would be needed.

 

Robin McGhee, "Opinion: Universal Basic Income is the way forward for the Liberal Democrats", Liberal Democrat Voice, December 19 2014

 

Scott Santens, Will Replacing Current Benefits With Cash Tomorrow Leave Todays Recipients Better or Worse Off?

[Josh Martin]

Santens analyzes the current US welfare system and discusses the benefits of switching to a basic income of $12,000 for adults and $4,000 for children.  Utilizing the case study of a single parent with two kids, Santens considers multiple cases of different income levels, and on each one the basic income will leave the household better off, even with a 40 percent flat tax, which Santens also recommends.  He settles on the $12k/4k plan partially due to the face that a single parent with two kids and no labor market income currently receives $20,000 from all of the cash replaceable benefits (not Medicaid, childcare, or CHIP benefits).

Scott Santens, Will Replacing Current Benefits With Cash Tomorrow Leave Todays Recipients Better or Worse Off?, Scott Santens, 18 December 2014.

Scott Santens, If we no longer force people to work to meet their basic needs, wont they stop working?

[Josh Martin]

Santens writes extensively on the question of what motivates us to work and whether or not anybody today can work for reasons other than for survival. He outlines three choices: working for others, working for ourselves, or doing zero work.  Santens argues that under the current system only the first option is possible, but that with a basic income people could finally reach option two or three.

Scott Santens, If we no longer force people to work to meet their basic needs, wont they stop working?, Scott Santens, 27 January 2015.

Stanislas Jourdan, ECBs Quantitative Easing Must Target the Real Economy

[Josh Martin]

Writing after an announcement from the European Central Bank that they were going to move forward with its quantitative easing (QE) program to counter-attack deflationary pressure by giving funds to banks, Jourdan argues that such QE measures have failed in the UK and US, instead advocating a QE for the people.  Jourdan believes that using the funds available for QE to distribute a basic income of sorts to all EU citizens would be a more effective way of fighting inequality and stabilizing the economy.

Stanislas Jourdan, ECBs Quantitative Easing Must Target the Real Economy, Unconditional Basic Income Europe, 23 January 2015.

Scott Santens, The Potential Effects of a Universal Basic Income Guarantee on Student Loans

[Josh Martin]

Santens writes this post following his final college loan payment and muses on a basic incomes potential impacts on student loans.  He claims that the high levels of student loans are currently preventing millions of citizens from spending more in the economy, and that a basic income of $12,000 would effectively cover every students room and board (as well as books), leading them to take out loans only for tuition.

Scott Santens, The Potential Effects of a Universal Basic Income Guarantee on Student Loans, Scott Santens, 30 January 2015.

Scott Santens, "Fit for work and fit to die"

Means testing reflects the conditionality of many social security systems around the world. The article lists some cases of recipients who ended up dead in part due to benefit withdrawal, concluding that this social ail can only be resolved with an unconditional basic income, removing conditionality from the system.

Scott Santens, "Fit for work and fit to die", Medium, December 11 2014

 

Social Agenda, Marianne Thyssen, job creation and a fairer society

New EU Commissioner, Marianne Thyssen, in an interview for Social Agenda magazine is asked How can the EU Economic and Monetary Union become more social? answering, in part We should think in terms of minimum standards. For example, having a minimum income in every EU country, based on a reference budget.

Social Agenda, Marianne Thyssen, job creation and a fairer society (p23), Social Agenda, 23 December 2014

 

Yves Smith, "The failure of past Basic Income Guarantee, the Speenhamland System"

The article aims at criticizing Basic Income Guarantee (BIG), while praising a Jobs Guarantee (JG) system. However, it is relevant that some of the reader's comments provide counter arguments supporting BIG, exposing frailties of the JG system.

Yves Smith, "The failure of past Basic Income Guarantee, the Speenhamland System" (and following discussion), Naked Capitalism, January 15 2015

 

6. Audio-Video

VIDEO: Professor David Graeber Discusses Pointless Jobs and Basic Income

[Josh Martin]

In this video, David Graeber, Professor of Anthropology at the London School of Economics, is interviewed about the rising idea that people have pointless jobs where they do not actually do much work.  Graeber discusses the reasons behind these pointless jobs and claims that while they fail to make sense in a truly capitalistic setting, they do make sense within businesses where people may be more powerful if they have more people working under them.  Graeber then goes on to explain why he believes a basic income could solve the problem by freeing people from these pointless jobs in order to pursue their passions.

RT UK, Prof David Graeber 9pm, RT UK, 12 January 2015.

7. More news, links and other info

For up-to-the-day news on BIG, see Basic Income News. For links to dozens of BIG websites around the world, go to USBIGs links page. These links are to any website with information about BIG, but USBIG does not necessarily endorse their content or their agendas.

The USBIG NewsFlash
Editor: Karl Widerquist
Thanks to everyone who helped this issue.

The U.S. Basic Income Guarantee (USBIG) Network publishes this newsletter. The Network is a discussion group on basic income guarantee (BIG) in the United States. BIG is a generic name for any proposal to create a minimum income level, below which no citizen's income can fall. Information on BIG and USBIG can be found at USBIGs website. More news about BIG is online at BInews.org.

You may copy and circulate articles from this NewsFlash, but please mention the source and include a link to Basic Income News. If you know any BIG news; if you know anyone who would like to be added to this list; or if you would like to be removed from this list; please send me an email: Karl@Widerquist.com.

As always, your comments on this NewsFlash and the USBIG website are gladly welcomed.

Thank you,
-Karl Widerquist, editor