Income Security


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Articles Archive for March 2009

populism »

[31 Mar 2009 | Comments Off | ]

As billions more of our taxpayer dollars go to bailing out Wall Street and “the economy,” as more Americans lose their homes to foreclosure or hang on to homes that are worth less than their mortgages, as unemployment continues to rise …. Three recent articles discuss the need for or likelihood of some type of [...]

financial crisis, other countries »

[28 Mar 2009 | Comments Off | ]

A front page story in the New York Times considers European governments’ refusal to take the Obama administration’s advice and spend lots of money to stimulate their economies. The article gives further insight into (1) why we ought to enact a guaranteed basic income, Citizen Dividends, and (2) why basic income is very different than [...]

environment »

[24 Mar 2009 | Comments Off | ]

A Washington Post editorial today calls for a carbon tax – and provides more evidence for why we need Citizen Dividends, a guaranteed basic income for every American. Here are the opening words from each of the three paragraphs: “The Environmental Protection Agency has told the White House that global warming is endangering public health [...]

recession »

[22 Mar 2009 | Comments Off | ]

There is a rapid, reliable, responsible way to end the recession. We can achieve that by enacting Citizen Dividends, a guaranteed basic income for every American. Moderate Democrats and Republicans supported guaranteed income in the 1960s — so did leading economists, liberals and conservatives — and a plan to provide it passed in the House [...]

economic stimulus, federal budget, financial crisis »

[19 Mar 2009 | Comments Off | ]

The Federal Reserve Board will spend $1.2 trillion to buy long-term government bonds and other securities as a way to stimulate economic activity. That $1.2 trillion could give every adult roughly $1,000 a month for six months. Give us the money. We’ll stimulate economic activity by our spending. We’ll make mortgage payments, ending the foreclosure [...]

Barack Obama, economic growth, financial crisis »

[18 Mar 2009 | Comments Off | ]

Aid to small businesses is a step, potentially, though only a baby step, in the direction of a guaranteed basic income for all Americans. A New York Times story about President Obama’s announcement is here and a 15-minute video is here. A story in the Washington Post, here, includes the following paragraph: “Small businesses are [...]

politics »

[17 Mar 2009 | Comments Off | ]

“Give the money to us, not AIG or Citibank.” We’re hearing that from angry callers to radio and TV, and from family members, friends, neighbors, co-workers. Many of us are saying it. The anger is real and growing, though unfocused and therefore unproductive. One reason for the lack of focus is that people don’t know [...]

financial crisis, politics »

[16 Mar 2009 | Comments Off | ]

There’s been a lot of talk lately about capitalism and socialism. A guaranteed basic income, Citizen Dividends, is the best of both. Everyone will enjoy real freedom and real financial security. A secure income is necessary for freedom. As Franklin Roosevelt said, “Necessitous men are not free men.” (In Roosevelt’s speech, that statement was in [...]

financial crisis »

[11 Mar 2009 | Comments Off | ]

Here’s Tom Friedman, calling the financial crisis “the big one” and comparing it to “the morning after Pearl Harbor.” If he really believes that, he ought to consider, at least, endorsing Citizen Dividends, a guaranteed income for every adult American. Wielding his favorite weapon, colorful metaphors, he compares our financial system to the heart, money [...]

economic growth »

[10 Mar 2009 | 2 Comments | ]

There’s a strong argument for Citizen Dividends, the guaranteed basic income, in Bob Herbert’s column in today’s New York Times. (It’s a strong argument for people like Herbert, that is, who worry about income inequality, the gap between the very rich and the rest of us; not so strong for people who think the gap [...]