Musings....... NYAY- Universal Basic Income (UBI) Universal Basic Income is a government programme in which every adult citizen receives a set amount of money on a regular basis. The goals of the basic income system are to alleviate poverty and replace other need based social programmes that potentially require greater bureaucratic involvement. ( Investopedia ) This concept of a basic income for all has gained traction recently in Western countries as automation and Artificial Intelligence (AI) is set to replace workers across most sectors of the economy. The idea of providing a basic income goes back centuries. This finds mention in thr writings of one of the proponents of the American Revolution Thomas Paine, who proposed a tax plan in which revenues would provide government income to “ every person, rich or poor”. Martin Luther King Jr. proposed “ guaranteed income” in his book “ Where do we go from here: Chaos or Community?” published in 1967. The...
3rd April 2022 Musings……. SriLanka Burning What can gross mismanagement of the economy give you ? Well the answer is Sri Lanka. Once upon a time, this island nation was considered a budding tourist destination with a vibrant democracy. All this seems to have changed for the worse within a few years. Sri Lanka’s history as we all know has been a chequered one. There was long years of civil war between the Singhalese speaking Government and the Tamil speaking LTTE in broadly speaking terms. The centre and southern part of Sri Lanka is predominantly Singhalese speaking natives who form the majority and hold power in every government. The Tamil speaking minority is restricted to the North of Sri Lanka including in the district of Jaffna, and form the minority. This internal strife lasted for years and there seemed no respite. We Indians can never forget this as we lost one of our most dynamic Prime Ministers Shri. Rajiv Ga...
Musings....... The world woke up on February 1st 2021 with the news that the democratically elected government of Myanmar led by the National League of Democracy (NLD) was deposed by the Tatmadaw ( Myanmar Military ). The Tatmadaw has declared a state of emergency for a year and all power has been vested in the Commander in Chief of Defence Services Min Aung Hlang. The military coup d’état occurred the day before Myanmar Parliament was due to swear its members elected in the elections held in November 2020. Subsequently as we know, President Win Myint and State Counsellor Aung San Suu Kyi were detained. The coup was announced on the military owned Myawaddy TV station when a news presenter cited the 2008 constitution which allows the military to declare a national emergency. As a result, Twenty four ministers and deputies were deposed, the 2020 General election results annulled and swearing in of members to the assembly was annulled. NLD in the N...
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