Suddenly, the idea that all citizens should be paid a basic income by the state is becoming topical across the world. While we associate this idea with the political left – the French Socialist Party candidate in the forthcoming presidential elections, Benoît Hamon, has made it the cornerstone of his programme – it also has traction on the right as being the way to rein in the increasingly unaffordable welfare state. How would it work? And how would it affect government finances, economic growth and employment?
Thomas More, John Stuart Mill and, more recently, Joseph Stiglitz and Thomas Piketty have championed it. It's the idea of an income unconditionally granted to all by the state on an individual basis without any means testing or obligation to look for work.
by Zak Mir | Trading | 1 mins. to read While it may be the case that Sound Energy (LON:SOU) (or Sound Oil, as it used to be) was never quite an ugly duckling, there is little question this company has become a swan of quite grand proportions.
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by Evil Knievil | Evil Diaries | 2 mins. to read I have read the Investors Chronicle for fifty two years. It is a terrific starter course for someone wishing to kick off their investing career (prior to methodically following up leads on Master Investor of course).
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