income – Page 2

Why Universal Basic Income Is Not the Solution We Think It Is

13Dec

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Journalism

Why Universal Basic Income Is Not the Solution We Think It Is

The racial wealth gap is real. But a guaranteed income is not going to fix it. Yes, I feel the current distribution of wealth is grotesquely unfair. Yes, I believe that those who cannot or will not work should not be allowed to starve. Yes, I would be against plans to eliminate or cut the existing welfare system as long as it is needed. Yes, I believe that we should build a community in which everyone’s needs are met. Yet I oppose a universal guaranteed basic income. My objections have surprised many people, but they are consistent with what I think is the solution to our economic justice problem. I favor deep democracy replacing the rule of capital in our lives. This would require reparations and the reconstruction of the commons to include the Earth and the financial r...

The First Guaranteed Basic Income Program Designed for Single Black Moms

The Magnolia Mother’s Trust asks participants what they need to not only pay the bills but also to fight generational poverty. Ebony, a single mother of three, works two jobs to make ends meet and takes in around $11,000 a year. In addition to a part-time job at a beauty supply chain, she works as a communication specialist at a Jackson, Mississippi, nonprofit, a temporary position that could end in December. She’s hoping her employers will keep her on, and she’s doing all she can to inspire them, including showing up for work an hour early. “I want to make a good impression,” she says about showing up to work early. “It would be great if [the employers] tell me, ‘You worked so hard, how about you go ahead and stay with us?’” Staying on could mean that Ebony’s annual income...

California cities try offer help for minority, low-income marijuana entrepreneurs

Reese Benton’s life has been shaped by the war on drugs. Her mother used crack and died of an overdose when Benton was 16. Her father sold drugs and is currently in prison, on year 20 of a 25-year sentence. “I was a statistic. I was not supposed to make it,” said Benton, 41, who is from San Francisco. But she did. Today, she is a successful hairdresser, styling some of the wealthiest people in the Bay Area. She is also an entrepreneur: Last year, she opened a delivery service for medical marijuana. And now that California legalized the drug for all adults over 21, Benton, who is black, is getting assistance from the city of San Francisco through a program designed to help people whose lives were affected by a crackdown on drugs that disproportionately affected minorities get into the l...