Universal Basic Income: Empirical Studies

October 31st, 2016 by Kara in Case Studies

  By: Abhishek Roy Part 2 of SPI’s Universal Basic Income Series Across developing and emerging economies, leaders are tasked to reduce income inequality and poverty. In the last century however, extreme poverty ($1.25/day) and poverty have both declined significantly worldwide. According to recent studies, since 1900 world population in general poverty decreased from around 85% to approximately 50% in 1990. The extreme poverty numbers have declined from about 70% to 25%. Many people attribute this impressive decline in the 20th century to the proliferation of free markets and capitalism across the world.       Share ...

Ethics of Universal Basic Income

October 18th, 2016 by Kara in Case Studies

  By: Victoria Tse Part 1 of SPI’s Universal Basic Income Series What is a Universal Basic Income (UBI)? A basic income is a universal income grant available to every citizen without means test or work requirement. How much money governments should issue to their people is still a topic of discussion within countries looking to launch UBI experiments. Switzerland was the first to hold a public referendum introducing the UBI with the Federal Council approving a ballot issuing adults $2,500 and children $625 a month. The referendum failed – this time. Proponents of ...

Ethics of Tax Breaks on Bank Fines

October 4th, 2016 by Kara in Case Studies

By Kara Tan Bhala Banks Are Able to Write Off Fines and Settlements as Tax Deductions Ostensibly, US government authorities extracted $160 billion from offending banks in fines and legal settlements since the Great Financial Crisis (GFC). This amount is minute compared to the losses incurred by the overall economy. The Dallas Federal Reserve estimates an output loss of $6 trillion to $14 trillion as a result of the crisis. This amounts to $50,000 to $120,000 for every U.S. household, or the equivalent of 40 to 90 percent of one year’s economic ...