Difference between revisions of "UBI"

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UBI, or unconditional basic income, is a government system which regularly pays all citizens an equal amount of money. The amount is usually equal or greater to the national poverty line, which is defined as the amount of income required to secure necessaries such as rent and utilities, food, clothing, and household and personal items.
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UBI, or unconditional basic income, is a government system which regularly pays all citizens an equal amount of money. The amount is usually equal or greater to the national poverty line, which is defined as the amount of income required to secure necessaries such as rent and utilities, food, clothing, and household and personal items. The proposed amounts, systems for establishing basic income, and political parties supporting the movement differ by country.
  
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=Permanent=
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== United States ==
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===Alaska Permanent Fund===
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After the Trans-Alaska Pipeline System began selling oil in the 1980s, a permanent fund was created to benefit all Alaskan residents. Each year, 25% of the profits from the fund's profits are distributed to anyone that has resided within Alaska for a full year. The payout has varied considerably but the max now seems pegged around $1,600.
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===The Eastern Band of Cherokee Indians Casino Revenue Fund===
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Since 1996, The Eastern Band of Cherokee Indians Casino Revenue Fund has provided something of a basic income for enrolled members of Eastern Band of Cherokee Indians. Half of their casino's profits are converted into a fund which is then distributed back to members upon reaching 18 years of age, and after that they continue receiving additional payments twice per year. The initial lump payment can reach over $100,000. The biannual payments can be as high as $7,000.
  
== Countries ==
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=Pilots=
The proposed amounts, systems for establishing basic income, and political parties supporting the movement differ by country.
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== Finland ==
 
 
=== United States ===
 
 
 
=== Finland ===
 
 
On January 2, 2017, Finland became the first country in Europe to pay it's ''unemployed'' citizens a basic monthly income, amounting to 560 euros ($587) in an experiment sadly limited to just 2,000 of it's citizens.
 
On January 2, 2017, Finland became the first country in Europe to pay it's ''unemployed'' citizens a basic monthly income, amounting to 560 euros ($587) in an experiment sadly limited to just 2,000 of it's citizens.
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==United States==
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===California===
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In February 2019, Stockton, California began an 18-month basic income pilot which distributed $500 monthly stipends in the form of debit cards to 125 residents living at or below the median annual income line of $46,000.
  
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==Canada==
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===Mincome===
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Between 1974-1979, 10,000 residents of Manitoba, Canada were provided an experimental minimum income (Mincome) of around $11,000 per household. It was implemented as part of a negative income tax, meaning households with higher incomes received less than low-income households. The study was famously shelfed upon completion because researchers didn't have enough funds to analyze the results and so no final report was ever issued, however it has since been studied in depth with the rising popularity of basic income.
 
[[Category:Terminology]]
 
[[Category:Terminology]]

Latest revision as of 13:53, 21 November 2019

UBI, or unconditional basic income, is a government system which regularly pays all citizens an equal amount of money. The amount is usually equal or greater to the national poverty line, which is defined as the amount of income required to secure necessaries such as rent and utilities, food, clothing, and household and personal items. The proposed amounts, systems for establishing basic income, and political parties supporting the movement differ by country.

Permanent[edit]

United States[edit]

Alaska Permanent Fund[edit]

After the Trans-Alaska Pipeline System began selling oil in the 1980s, a permanent fund was created to benefit all Alaskan residents. Each year, 25% of the profits from the fund's profits are distributed to anyone that has resided within Alaska for a full year. The payout has varied considerably but the max now seems pegged around $1,600.

The Eastern Band of Cherokee Indians Casino Revenue Fund[edit]

Since 1996, The Eastern Band of Cherokee Indians Casino Revenue Fund has provided something of a basic income for enrolled members of Eastern Band of Cherokee Indians. Half of their casino's profits are converted into a fund which is then distributed back to members upon reaching 18 years of age, and after that they continue receiving additional payments twice per year. The initial lump payment can reach over $100,000. The biannual payments can be as high as $7,000.

Pilots[edit]

Finland[edit]

On January 2, 2017, Finland became the first country in Europe to pay it's unemployed citizens a basic monthly income, amounting to 560 euros ($587) in an experiment sadly limited to just 2,000 of it's citizens.

United States[edit]

California[edit]

In February 2019, Stockton, California began an 18-month basic income pilot which distributed $500 monthly stipends in the form of debit cards to 125 residents living at or below the median annual income line of $46,000.

Canada[edit]

Mincome[edit]

Between 1974-1979, 10,000 residents of Manitoba, Canada were provided an experimental minimum income (Mincome) of around $11,000 per household. It was implemented as part of a negative income tax, meaning households with higher incomes received less than low-income households. The study was famously shelfed upon completion because researchers didn't have enough funds to analyze the results and so no final report was ever issued, however it has since been studied in depth with the rising popularity of basic income.