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universal basic income | 7 clear fact government will not implement the system

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Universal basic income

Universal basic income | what is it about

This article is about the clear fact the system of unconditional income to every citizen.

Will not be implemented by the government.

Basic income, also known as universal basic income, citizen’s income, citizen’s basic income in the United Kingdom, basic income guarantee in the United States and Canada,

basic living stipend or universal demogrant,

is a periodic cash payment delivered to all on an individual basis without means test or work requirement.

The basic incomes would be:

Unconditional:

In the sense that basic income would vary with age,

but with no other conditions, so everyone of the same age would receive the same basic income,

whatever their gender, employment status, family structure, contribution to society, housing costs, or anything else.

Non-withdrawable:

Basic incomes would not be means-tested.

Whether someone’s earnings inflate, deflate, or stay the same, their basic income will not change.

Individual:

Basic incomes would be paid on an individual basis and not on the basis of a couple or household.

Automatic:

Someone’s basic income would be automatically paid weekly or monthly into a bank account or similar.

As a right:

Everybody legally resident would receive a basic income,

subject to a minimum period of legal residency and continuing residency for most of the year.

Basic income was meant to be implemented nationally, regionally or locally.

An unconditional income that is sufficient to meet a person’s basic needs in life (at or above the poverty line )

is sometimes called a full basic income while if it is less than that amount, it is sometimes called partial.

A welfare system with some characteristics similar to those of a basic income is a negative income tax

in which the government stipend is gradually reduced with higher labour income.

Some welfare systems are sometimes regarded as steps on the way to a basic income,

but because they have conditionalities attached they are not basic incomes.

If they raise household incomes to specified minima they are called guaranteed minimum income systems.

For example, Bolsa Família in Brazil is restricted to poor families and the children are obligated to attend school.

Several political discussions are related to the basic income debate.

Examples include the debates regarding robotization, artificial intelligence (AI) and the future of work.

A key issue in these debates is whether robotisation and AI will significantly reduce the number of available jobs.

Basic income often comes up as a proposal in these discussions.

But due to research and analysis it seeming that the government will not implement the basic income due to the following facts.

7 Clear facts that government will not implement universal basic income

Basic income

1. Bad behavior

It is a fact that some people would spend a basic income on alcohol and other drugs.

However, studies of the impact of direct cash transfer programs provide evidence to the contrary.

A 2014 World Bank review of 30 scientific studies concludes:

“Concerns about the use of cash transfers for alcohol and tobacco consumption are unfounded”.

2. Basic income as a part of a post-capitalistic economic system

Harry Shutt proposed basic income and other measures to make all or most enterprises collective rather than private.

These measures would create a post-capitalist economic system.

Erik Olin Wright characterizes basic income as a project for reforming capitalism

into an economic system by empowering labor in relation to capital,

granting labor greater bargaining power with employers in labor markets which can

gradually de-commodify labor by decoupling work from income.

This would allow for an expansion in scope of the social economy by granting citizens

greater means to pursue activities (such as the pursuit of art) that do not yield strong financial returns.

3. Economic growth

Some proponents have argued that basic income can increase economic growth

because it would sustain people while they invest in education to get interesting and well-paid jobs.

However, there is also a discussion of basic income within the degrowth movement, which argues against economic growth.

4. Employment

Another clear fact about the universal basic income is the One argument

that if people have free and unconditional money,

they would “get lazy” and not work as much.

Critics argue that less work means less tax revenue and hence less money for the state and cities to fund public projects.

The degree of any disincentive to employment because of basic income would likely depend on how generous the basic income was.

Some studies have looked at employment levels

during the experiments with basic income and negative income tax and similar systems.

In the negative income tax-experiments in United States in the 1970s,

for example, there was a five percent decline in the hours worked.

The work reduction was largest for second earners in two-earner households and weakest for the main earner.

The reduction in hours was higher when the benefit was higher.

Participants in these experiments knew that the experiment was limited in time.

5. Power to refuse work

Karl Widerquist and others have proposed a theory of freedom in which basic income is needed to protect the power to refuse work,

which can be summarized as follows.

If the resources necessary to an individual’s survival are controlled by another group,

that individual has no reasonable choice other than to do whatever the resource-controlling group demands.

Before the establishment of governments and landlords, individuals had direct access to the resources they needed to survive.

Today, resources necessary for the production of food, shelter and clothing

have been privatized in such a way that some have gotten a share and others have not.

Therefore, the argument goes that the owners of those resources owe compensation

back to non-owners, sufficient at least for them to purchase the resources or goods necessary to sustain their basic needs.

This redistribution must be unconditional because people can consider themselves free

only if they are not forced to spend all their time doing the bidding of others

simply to provide basic necessities to themselves and their families.

6. Welfare Trap

Tim Worstall, a writer, blogger and Senior Fellow of the Adam Smith Institute,

has argued that traditional welfare schemes create a disincentive to work

because such schemes typically cause people to lose benefits at around the same rate that their income rises

(a form of welfare trap where the marginal tax rate is 100 percent).

He has asserted that this particular disincentive is not a property shared by

basic income since the rate of increase is positive at all incomes.

7. Entrepreneurship

It is a clear fact that the rate of entreprenuership will decrease if basic income system be established.

Though, basic income will be of great importance to business men and women running their private business.

However, it will immensely lead to the decrease of entreprenuership, and that will affect the country’s country’s economy.

For example. Many will feel what the essence of starting a business when you are having an unconditional income.

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Lifestyle

College Savings Plan 529 | A Date Parents Need to Put on The Calendar

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529 College Savings

How much will I need for my kid’s college education? And how the heck will I pay for it?

With the cost of a four-year degree rising nearly eight times faster than wages since the 1980s,

those two questions are enough to give today’s parents a serious case of night sweats.

You can argue about the reasons for the disconnect -Administrative costs? Fancy amenities?

but you know there’s a problem when a writer at Education Week is incensed.

“Madness,” she decried. Which is all the more reason to mark May 29 down on your calendar.

Otherwise known as National 529 College Savings Plan Day -Get it? 5/29?

it’s the perfect time to consider setting up one those tax-advantaged 529 plans,

as they’re called, to help sock money away to cover tuition,

books and other education-related expenses at most accredited two – and four-year colleges, universities and vocational-technical schools.

“It’s a way of keeping your son or daughter from being saddled with too much debt when it’s time to jump start their careers,

” explained Melissa Ridolfi, vice president of retirement and college products at Fidelity Investments. “

Plus, any investment earnings compound on a tax-deferred basis, and qualified withdrawals are entirely free from federal and state income taxes.”

And now to the big question: How much?

Two factors are mainly at play

1. Public vs. private schools

The cost difference can be about as mind-boggling as “Avengers: Endgame’s” record $357.1 million opening weekend domestic haul:

an average of $21,370 a year at the former, according to the College Board’s latest figures, as opposed to $48,510 at the latter.

2. The percentage of the bill you plan to foot.

If you were counting on scholarships and other grants to pick up all or most of the tab,

you should probably rethink that unless your kid is either a bona fide child prodigy or football star.

Sallie Mae’s “How America Pays for College” 2018 report found that both categories combined paid for just 28 percent of college costs.

One guess where 47 percent of the costs came from.

That’s right, “family income and savings,” with another 24 percent covered by borrowing.

In other words, as Ridolfi said, “any way you look at it, the family is on the hook to pay the lion’s share of college expenses.”

Which probably helps explain why a recent Fidelity study found that parents are increasingly starting to save before their child even reaches the age of two.

To see where you stand, try using what Fidelity calls “the college savings 2K rule of thumb.”

Simply multiply your child’s current age by $2,000 to figure whether your savings to date are generally on track to handle

approximately 50 percent of the College Board’s $21,370-a-year average cost of attending a four-year public college.

Or, especially if you want a more customized estimate – one that lets you play around with percentages and switch

back and forth between public and private schools – the firm’s free online college savings calculator takes the angst out of doing the math yourself.

Fidelity provides 12 savings ideas to help reach your own goal, and offers a choice of two different investment strategies in the 529 savings plans it manages –

including an age-based portfolio of funds that automatically becomes more conservative as the beneficiary nears college age.

Hopefully, armed with all that info, you’ll be sleeping better at night.

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Marketing

7 secret of sale success practise by highpaid salespeople

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Sales success

There are seven secrets, or principles, of sales success.

They are practiced by all the highest paid salespeople every day.

The regular application of these secrets is virtually guaranteed to move you to the top of your field. Check also how to get your sales funnel full with offers

Do a little bit more than average and from that point on your progress multiplies itself out of all proportion to the effort put in.” (Paul J. Meyer)

7 secret of sale success practise by highpaid salespeople

Sale Success Secret One

Get serious! Make a decision to go all the way to the top of your field.

Make a today decision to join the top 10%.

There is no one and nothing that can hold you back from being the best Salesexcept yourself.

Remember, it takes just as long to be great as to be mediocre.

The time is going to pass anyway. Your job is to commit to excellence, to get better

and better each day, and to never, never stop until you reach the summit.

Sales Success Secret Two

Identify your limiting skill to sales success.

Identify your weakest single skill and make a plan to become absolutely excellent in that area.

Ask yourself, and your boss, “What one skill,

if I developed and did it consistently in an excellent fashion, would have the greatest positive impact on my sales?”

Whatever your answer to this question, write it down, set a deadline, make a plan, and then work on it every day.

This decision alone can change your life.

Sales Success Secret Three

Get around the right people. Get around positive, successful people.

Associate with men and women who are going somewhere with their lives.

And get away from negative, critical, complaining people.

They drag you down, tire you out, distract and discourage you,and lead you inevitably to underachievement and failure.

Remember, you cannot fly with the eagles if you continue to scratch with the turkeys.

Sales Success Secret Four

Take excellent care of your physical health.

You need high levels of energy to sell effectively, and to bounce back from continual rejection and discouragement.

Be sure to eat the right foods, get the right amount of exercise and get plenty of rest and recreation.

Make a decision that you are going to live to be 80 years old, or more, and begin today to do whatever you have to do to achieve that goal.

Sales Success Secrets Five

Visualize yourself as one of the top people in your field.

Imagine yourself performing at your best all day long.

Feed your subconscious mind with vivid, exciting, emotionalized pictures of yourself as positive, confident, competent and completely in control of every part of your life.

These clear mental pictures preprogram you and motivate you to sell at your best in any situation.

Sales Success Secret Six

Practice positive self-talk continually. Control your inner dialogue.

Talk to yourself the way you want to be rather than the way you might be today.

For example, repeat to yourself these powerful words, over and over again.

“I like myself! I’m the best! I can do it! I love my work!”

Say to yourself, “I feel happy! I feel healthy! I feel terrific!”

Remember, fully 95% of your emotions are determined by the way you talk to yourself, most of the time.

The way you feel determines how you behave.

And how you behave determines how much you sell.

Your job is to get yourself on an upward spiral where you think and talk to yourself positively, all day long.

You think, walk, talk and act like the very best people in your field. When you do, your success becomes inevitable.

Sales Success Secret Seven

Take positive action toward your goals, every single day. Be proactive rather than reactive. Grab the bull by the horns.

If you are not happy with your income, get out there and get face to face with more customers.

If you are not happy with any part of your life, accept responsibility and take charge.

All successful salespeople are intensely action oriented.

They have a sense of urgency. They develop a bias for action.

They do it now! They have a compulsion to closure.

They maintain a fast tempo and move quickly in everything they do.

And the good news is this. The faster you move, the more energy you have.

The faster you move, the more ground you cover.

The faster you move, the more people you see.

The more people you see, the more experience you get.

The more experience you get, the more sales you make.

The more people you see and the more sales you make, the more your self-esteem and self respect goes up, and the more you will feel like great about yourself.

You will have more energy. You will be happier and more positive.

The faster you move, the more you take complete control of your entire life and virtually guarantee that you will be one of the top performers and the highest paid people in your field.

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Business ideas

Aliko Dangote | why you should start a business

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Aliko Dangote

“I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight.

It took me 30 years to get to where I am today. Youths of today aspire to be like me but they want to achieve it overnight.

It’s not going to work. To build a successful business, you must start small and dream big.

In the journey of entreprenuership, TENACITY OF PURPOSE IS SUPREME” (Aliko Dangote. Businessman and Entreprenuer)

Why you should start a business | Aliko Dangote

These principals are documented to give you the reader an insight on how every day

business can be conducted to keep your business flourishing.

This is a way of bringing you basic business information to your finger tips.

According to research majority of millionaires and billionaires are selfmade

and have made it through creating or being part of a business.

If you have already decided that you want to start a business of that one thing you are very passionate about,

then consider the fact that with starting this business you need to understand

that businesses take a lot of commitment, dedication, hard work and constant evaluation in order to flourish.

Do not expect to get financially wealthy overnight.

Below are a few reasons to start a business.

Entrepreneurs

Reasons for Starting a Business

1. Reach your Dreams

If you have always wanted to be wildly successful, starting your own business could be a great start.

and if you are stuck of business ideas, check this 30 Profitable businesss ideas with low investment startup

2. Leave an Inheritance

Pass the business down to your children and grandchildren.

3. Abundance of Resources

With the dominance of the Internet, it’s easier than ever to find resources you need, including loans, grants, mentors and even startup capital.

Don’t make excuses, that you have no capital, take a look at how to raise capital for your business.

4. There’s Nothing Stopping You

What’s really keeping you from being an entrepreneur?

Of course there are risks, but there’s nothing forcing you not to take them.

5. Make the World a Better Place

This may seem like an unrealistic goal for you right now, but your business really could make the world a better place.

Benefits of Operating a Business

Millionaire Mindset

There can be many benefits to starting your own business, including

1. Rewards

Not everyone defines reward the same way.

For some it might be seeing a new venture grow and succeed.

For others it may be conquering the unknown and striking out on their own.

However you define reward, starting a new company might hold that promise for you.

2. Being Your Own Boss.

When you start a business and are self-employed, you are your own boss and ultimately control your own destiny.

Income. Whether you view starting a business as an economic necessity or a way to make some additional income,T

you might find it generates a new source of income,

not to get your business in a nutshell, check out how to generate money making ideas for your business.

3. Flexible hours

Owning your own business is hard work and often requires long, odd hours.

In some cases, having your own business may allow you to have more flexible hours.

Many stay-at-home parents, for example, choose to become entrepreneurs.

4. Purchasing an existing business

While it may not be viewed as “starting” a business,

purchasing an existing business has proven beneficial for many business owners—but it undoubtedly requires both financial and time investments.

For businesses that are already profitable,

these new business owners jump past the true startup phase into running a mature business.

5. Income

Whether you view starting a business as an economic necessity or a way to make some additional income,

you might find it generates a new source of income.

Challenges of Operating a Business

Millionaire

Although there can be many benefits to starting your own business,

you will also face challenges and some of these are:

1. Loneliness

It’s a rarely mentioned problem of entrepreneurship, and many new business owners aren’t prepared for it until it happens.

Being an entrepreneur is lonely . It’s a singular position,

so you won’t have teammates to rely on (completely).

You’ll be working lots of hours, so you won’t see your family as often.

And your employees will be forced to remain at a bit of a distance

2. Decision making

Believe it or not, this is probably the most stressful challenge on this list.

New entrepreneurs are forced to make hundreds of decisions a day, from big, company-impacting decisions, to tiny, hour-affecting ones.

Decision fatigue is a real phenomenon , and most new entrepreneurs will experience it if they aren’t prepared for the new level of stress.

3. Being the Visionary

As the founder of your startup, you’ll be expected to come up with the ideas.

When a competitor emerges, it will be your responsibility to come up with a response plan.

When your team hits an impenetrable obstacle, your job will be to come up with an alternative plan to move forward.

This demands on-the-spot creative thinking — which should be an oxymoron, but entrepreneurs rarely have the luxury of time.

The less experience you have, the more pressure you’ll feel from this, and the harder time you’ll have coming up with acceptable plans.

4. Rule Making.

It’s fun to be the boss until you have to enforce something.

Sooner or later, you’ll have to come up with the rules your business follows,

from how many vacation days your workers get to what the proper protocol is when filing a complaint about a coworker.

These details aren’t fun to create, and they aren’t fun to think about, but they are necessary for every business

5. Abandoning another career

Aliko Dangote said you’re going to dedicate yourself to starting and nurturing a business to success,

it’s going to be nearly impossible to simultaneously manage another career.

Walking away from a promising, steady long-term opportunity for something unpredictable is scary —

especially if you’ve never run a business before.

Unfortunately, there’s no easy way to address this.

Just think through your decision logically, and don’t ignore your instincts.

6. Team Building

This is especially hard if you’ve never run or managed a team before,

but even if you have management experience, picking the right team for a startup is stressful and difficult.

It’s not enough to find candidates who fill certain roles —

you also need to consider their cost to the business, their culture fit and how they’ll work as part of your overall team.

Such considerations are exceptionally hard when you’re under the pressure of filling those positions as soon as possible.

7. Finances

Experienced entrepreneurs don’t have it easy when it comes to funding a new business,

but they do have a few advantages over newcomers.

They might have a pool of capital from a business they previously sold or a steady stream of revenue they can use to fund a new business’s cash flow.

Even if their first business went under, they’ve likely made investment contacts and client connections necessary to give them a leg up in a new enterprise.

As a new entrepreneur, you’ll be starting from scratch,

which means you’ll need to start networking like crazy and thinking through all your possible funding options before landing on one.

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