Basic Income Foundation

12/24/2023

Merry Christmas and Happy New Year 2024 from 💰Basic Income Foundation!!!🎉🍾🥂💰💰💰❤️🤝

11/13/2023

Apple Co-founder supports universal

10/11/2023

"Because of artificial intelligence, people will have more time to enjoy being human beings."

Jack Ma |

10/11/2023

Basic Income Foundation Expands Global Footprint with New Regional Offices

The Basic Income Foundation, a pioneering organization committed to alleviating poverty and social inequality on a global scale, is thrilled to announce the expansion of its operations. As of today, we have successfully launched regional offices in Georgia (operational office), Ukraine, Russia, and India. Plans are underway to open additional offices in the near future.

Visionary Plans Ahead:

The Basic Income Foundation is not resting on its laurels. We have ambitious plans to introduce country-specific tokens, managed by local representatives. This strategic move will allow us to tailor our basic income programs to the unique conditions and needs of each country, thereby maximizing impact.

By joining forces with local communities, we aim to make significant strides in combating poverty and social inequality. We offer an unparalleled opportunity for representatives to not only make a meaningful impact but also to achieve substantial financial gains.

Why Become a Representative or Participant?

High Earning Potential: As a representative, you will have the opportunity to earn lucrative bonuses and incentives.
Global Network: Be part of an international initiative that aims to change the world for the better.
Token Investment: As a participant, you can invest in country-specific tokens, contributing to a cause while also benefiting financially.

Join Us in Making a Difference:

We invite you to join us in this monumental endeavor. Whether you are interested in becoming a representative or simply wish to participate by investing in our country-specific tokens, your involvement can make a world of difference.

For more information on how to get involved, please contact our designated representatives in each country:

- Georgia: Michael Gogia [email protected]
- Ukraine:Murashov Viacheslav
- Russia:Elena Sharafieva
- Poland: Aleksandr Krivenko
- India: Rajesh Kumar, , Seema Batra

We believe that together, we can bring closer a world where basic income becomes a reality for everyone. Join us in this transformative journey!

🌍🤝

https://stablecent.medium.com/basic-income-foundation-expands-global-footprint-with-new-regional-offices-a4a5cc420aad

09/08/2023

Basic Income Foundation opens representative office in 🇮🇳India and invites activists to join the movement

The Basic Income Foundation (BINCOME), an international non-profit organization promoting the idea of universal basic income, announces the launch of its representative office in India. This is a unique opportunity for all who share the values of the Foundation and want to participate in the implementation of a project aimed at reducing poverty and inequality.

- The Foundation's representative in India will coordinate activities at the local level - interact with partners, media and authorities, organize events, conduct research on basic income.

- An especially important task will be the implementation of the BINCIN (BINCOME India) Basic Income token, specifically developed for India, which will be used to make payments to India's residents. BINCIN can be converted into other cryptocurrencies or used to pay for local goods and services.

- The Foundation's representative will be entitled to a monthly basic income in BINC tokens, additional bonuses for completing tasks, as well as the opportunity to attend international conferences on the topic of universal basic income.

The Foundation invites caring citizens of India to join the movement and apply for the position of representative before September 30, 2023.
This is an excellent chance to play an important role in implementing a bold idea that can dramatically improve the lives of millions of people.

If you want to become a representative of the Foundation in your country, fill out the application form at https://forms.gle/DZYob2etDKD1d6qv5. The Foundation will review all applications and contact selected candidates to schedule an interview.

✔️In addition to India, the Foundation is considering opening representative offices in other countries as well. Activists can submit preliminary applications for opening offices in their regions. ✔️

Together we can bring closer a world where basic income becomes a reality for every human being!🤝

More info... https://stablecent.medium.com/basic-income-foundation-is-looking-for-its-representative-in-india-bb53fe1cf034

Basic Income Foundation (BINCOME) is an international non-profit organization that promotes the idea of Universal Basic Income as a way to…

07/05/2023

Taiwan Makes History with Universal Cash Payment Plan

Taiwan is making history by sending out a one-time universal cash payment of $6,000 New Taiwan dollars (NTD) to every citizen “young and old.” This is the first time the country has implemented such a policy, and it comes as a result of excess tax revenue of $450 billion NTD, much of which is coming from corporate taxes that have seen record-high profits. $140 billion NTD will be dedicated to the cash payments, with the remainder going towards improving labor and health insurance systems and providing funding for local governments.

UBI Taiwan hailed the move as a victory for Taiwanese citizens, as the payment is unconditional and universal, meaning that everyone in the country will receive it, regardless of income or other circumstances. They said it reflects the growing demand that a greater proportion of Taiwan’s growth is shared with average families.

“This is a huge victory for the basic income movement,” UBI Taiwan founder Tyler Prochazka said.

UBI Taiwan promotes unconditional basic income (UBI) in Taiwan. UBI is a policy that periodically sends out unconditional cash payments to every citizen in a country regardless of an individual’s income or job status.

The organization has noted the problem of stagnant wages for the last two decades in the country and the rising cost of housing. Through basic income payments, they argue that many Taiwanese could pursue better opportunities and improve their education.

“Unconditional cash transfers are an efficient way to provide an ‘economic vaccination’ to make sure that everyone can face the future in a healthy and happy manner,” said Jiakuan Su, the new chairman of UBI Taiwan.

Over the last few years, Taiwan’s economy has experienced record-breaking 6.45% GDP growth in 2021 and over 8.73% growth in exports in 2022. However, most people have not enjoyed the fruits of this economic growth, as a 104 Job Bank survey found that real wage growth was nearly zero in 2022 due to inflation. The universal cash payment is a way for everyone to have a small share in Taiwan’s economic success.

“With the rise of the pandemic over the last few years, Taiwan has experienced rapid changes in its economy and society,” Su said. “We have experienced directly why Taiwan needs a resilient social welfare system to protect each person’s economic security.”

Since the payment is equal to all taxpayers, it will have a progressive effect with a greater proportion of the refund going to low-income earners. There is some expectation that the cash payment could help stimulate the economy because low-income households are more likely to use the money to satisfy their essentials, such as food and housing, freeing up some additional discretionary money for recreational uses as well. A greater willingness to spend by average families could help smaller businesses that may have struggled since the pandemic.

Both political parties have agreed on the general outline of the proposal and the cash could be sent out as soon as February. A surprise has been that the plan appears to be a universal rebate of the revenue instead of a targeted one, which will make it easier for everyone to apply and reduce administrative costs and time. One area still under consideration is whether foreign taxpayers will receive any of the money.

Previous cash assistance schemes during the pandemic were targeted and a stimulus voucher was sent universally. The pandemic vouchers were limited in how they could be spent and had an expiration date, similar to the vouchers under former President Ma Ying-Jeou.

Members of the Kuomintang (KMT) and Taiwan People’s Party (TPP) argued during the pandemic that cash should have been sent out instead of vouchers. At the time, the TPP held a news conference with UBI Taiwan to discuss the benefits of cash over vouchers. Many also complained that the targeted cash programs were difficult to receive because of the strict conditions.

Research by the World Bank later demonstrated that the simplicity of universal and unconditional cash payments during the pandemic increased access to the assistance and likely provided economic stimulus. Previous research showed a multiplier effect up to $2.6 for every dollar sent. Fears of saving the cash were largely overblown. For example, in over a dozen economies primarily in East Asia, 40 percent of the universal cash transfers during the pandemic were directly used for consumption.

Besides improved standard of living, research on basic income consistently shows improved mental health and trust in society. A meta-analysis of basic income policies looked at eight governmental reports as well as seven peer reviewed studies. They found there was justification that the alleviation of stress from financial instability could be a reason for improved mental health from basic income.

There have been criticisms of the current cash payment plan, including concerns about inflation. However, it is important to remember that this is surplus tax revenue that has already been collected and is not new money created by the central bank. An effect on inflation is just as likely if the government directly spends the money or if it is sent back to taxpayers.

Additionally, while it is true that Taiwan’s insurance systems require further reforms for sustainability, the vast majority of the surplus revenue is being used to shore up these systems and provide an emergency fund. A one time injection of funds is helpful but will not save these systems in the long run.

Previously, basic income advocates from UBI Taiwan have suggested that Taiwan could establish a sovereign wealth fund (SWF). Such a fund would act as a guarantee that Taiwanese could enjoy more equity in the growth of Taiwan’s economy even if wages remain stagnant. Excess revenue could be placed in the SWF and invested in the economy, with dividends from the SWF distributed back to the people each year, similar to the system in the US state of Alaska. The Alaska Permanent Fund sends out a yearly payment from the oil revenue generated in the state. In 2022, the universal payout reached a record high of $3,284 USD.

“I applaud the government’s decision to send the universal cash transfer and hope this establishes the precedent for Taiwan to consider making this a permanent policy,” Su said.

Prochazka furthered that by making this payment equal to all citizens, the government is taking the “first small step” towards ensuring that the benefits of economic growth are shared by all.

07/01/2023

Miami, Florida Jun 30, 2023 (Issuewire.com) - CENTUS Stable Cent, the world's first issuer of seigniorage-based basic income stablecoins on Stellar, is completing its migration to the Polygon and Binance Chain networks.

CENTUS already offers its stablecoins on UniSwap DEX, enhancing user liquidity and access to CENTUS. Furthermore, the transition to Polygon and Binance will enable CENTUS to leverage the high transaction speeds and low fees offered by these networks.

"The migration to Polygon and Binance Chain marks a significant milestone for CENTUS. The support of the CENTUS community is our primary motivator. All of this will enable us to offer our users the best possible experience, utilizing the benefits of cutting-edge blockchain technology," says Alex Egorov, the co-founder of CENTUS and CEO of BINCOME LLC.

Currently, CENTUS holders can trade the stablecoin in pairs with other stablecoins such as USDT, USDC, and DAI. These stablecoins, backed by a basket of fiat and cryptocurrencies, are designed to maintain a 1:1 peg to the US dollar. In addition, CENTUS can be swapped for BTC, ETH, and other coins listed on UniSwap.

After completing the full migration, CENTUS will be available on Binance DEX, providing users with greater liquidity and access to CENTUS.

In addition, the Basic Income Foundation (BINCOME), a strategic partner of CENTUS, has also introduced its native BINC token on the Polygon network. BINCOME, established during the Covid-19 pandemic, supports the efforts of the international community to combat the crisis by providing universal basic income in the form of cryptocurrencies, including CENTUS, BINCOME, BINC tokens, and others.

"We offer the opportunity for anyone who wishes to promote the idea of basic income to open a representation of the Foundation in their region. The more of us there are, the more confidently we can face the future. Join us, and together we will make it prosperous," said Vlad Jacobs, CEO of the Basic Income Foundation.

https://bankingreporter.com/news/centus-completes-migration-to-polygon-and-binance-chain/0442061

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(Isstories Editorial):- Miami, Florida Jun 30, 2023 (Issuewire.com) - CENTUS Stable Cent, the world's first issuer of seigniorage-based basic income stablecoins on Stellar, is completing its migr

04/10/2023

Basic Income isn't a cost.

It's an investment.

01/30/2023

👍❤️

"I'm fairly confident that at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we're going to see some version of Basic Income at a national scale."

- Sam Altman

01/26/2023

Supporters say the program will be inevitable as more workers will lose their jobs due to automation.

12/31/2022

Happy New Year from Basic Income Foundation (Georgia)🌲🎉❄️🥂