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Universal basic income - CBDC's - Ripple
Why people will be given free money for doing nothing!
Power With-In
August 05, 2023
The new money: why governments are taking their currencies digital and what is CBDC’s
Have you heard of Central Bank Digital Currencies (CBDCs)? They are government-controlled digital currencies that many countries are considering. Experts predict CBDCs will grow by 2030. China is leading the way with CBDCs for faster payments and financial control. Ripple found that financial decision-makers see CBDCs as meeting their needs. Governments must collaborate with private banks for CBDC success. Get ready for a big change in digital currency. CBDCs are gaining popularity and will revolutionize money handling. Exciting times ahead!
What it is and why people will be given free money for doing nothing
The UK is conducting a social experiment in Jarrow and East Finchley, giving 30 people £1,600 monthly with no conditions. Autonomy is conducting the experiment to observe the effects of this money. UBI is seen as beneficial by some, as it supports society and protects vulnerable individuals. However, concerns exist that UBI may discourage work. Wales and Scotland are also conducting similar experiments, while Finland previously attempted it but discontinued. The outcomes of these experiments remain unknown.
Plans drawn up for £1,600 a month Universal basic income trial in England
Autonomy, a think tank, plans to give 30 people in England £1,600 a month for two years to test the idea of universal basic income (UBI). The trial will cost £1.65 million and aims to see if UBI can help with poverty. Some people think it's a good idea, but others worry it might be too expensive and not solve the problem.
Cornwall universal basic income suggested to reduce poverty
UBI in Cornwall provides money to all residents, regardless of employment status. It aims to assist those with low or no income and potentially boost the local economy. Concerns include cost and potential work disincentives. Careful planning is crucial for a fair and effective program.
