Tag Archives: Guaranteed

The Stunning Failure of the Contribution Pension Plan

Ask any Millennial what they’ll live on when they retire, and they’ll look at you with a blank stare. First off, they are young (oldest are 35), so age 65 seems a lifetime away. Secondly, most of them are occupied with just getting by, an outcome of living in the gig economy, in which saving is unlikely. And we (the Silent generation and older Boomers), were like that too—someone out there would look out for us, things would turn out. Furthermore, most of them are convinced that retirement with a pension is a thing of the past. read more

The Basic Income—An Idea Whose Time Has Come?

With its promise of lifting people out of poverty and ending the need for food banks, the Guaranteed Basic Income (GBI) sounds radical, and even subversive, an invitation to create a shiftless, dependent population—but it may be an idea whose time has come.

This is not a new thought—Thomas Moore wrote about it in Utopia, (published in 1516), in which he explored some of the problems of society. Observing the stern measures that were being taken against thieves, and recalling a conversation with John Morton, the Archbishop of Canterbury, he wrote: read more