Tuesday, March 15, 2016

New Zealand becomes fourth country in last four months to propose giving people free money

First it was Finland in December, then Switzerland a month later to propose new programs in which they would give money directly to the people through a monthly stipend.  And not to be left behind, the province of Ontario, Canada is planning their own direct payments to citizens here in 2016.

And while some may see this as a fringe stop-gap measure for economies that have been devastated by lower energy prices and deflation, as that old saying goes, once is happenstance, twice is coincidence, and three times a trend, and we are now officially to the point where direct monthly payments are the norm, and possibly for the future for a large portion of the global economy.


The New Zealand government is considering giving citizens a regular monthly income whatever their work status, according to the country’s Labor Party leader, Andrew Little.
The party plans to debate implementing the system known as ‘basic income’ later this month. 
Universal basic income (UBI) systems could give people a regular allowance regardless of their income or assets. They would oust welfare benefits, student allowances or pensions. 
The regular monthly pay would give people flexibility to work as they want and not to quit jobs altogether. The measure will provide a basis on which citizens can go through the down periods as well as enjoy the up periods. — Russia Today

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