Supermarket group by market share, which was brought to the Kretinsky is set to take control of France's seventh-largest Worsening situation at its hypermarkets, is racing to finalise aīailout to avoid bankruptcy early next year.Ī new leadership team formed around Czech billionaire Daniel October to help finalise a deal to restructure its debt by aĬasino, which has issued two recent profit warnings due to a

Had extended a protection procedure it had entered into in In addition, the end of other social programmes should produce savings.PARIS, Dec 11 (Reuters) - French supermarkets groupĬasino said on Monday that the Paris commerce court In theory, the shortfall should not be a problem because not every Finn is an adult (only those of working age will receive it) and richer Finns' payments will be taxed. The government's revenue for 2016 is €49.1 billion. In Finland, €800 a month will cost the government €52.2 billion a year. The poor can now pay the rent or play the casino, with no further moral requirement for the state to step in. And because it leaves the money directly in the hands of individuals - rather than as credits or forced payments for certain services like energy or food - it lets the market decide what the cash gets spent on.

Conservatives like it because it kills off the massive administrative bureaucracy required to handle hundreds of micro-benefits and all the application paperwork they generate.

No more food stamps, credits, or housing benefit, where the state decides for you what its largesse can be spent on. It does away with the punitive, humiliating nature of collecting welfare benefits.

Left-wingers like it because it dramatically allows the collective wealth of a nation to be shared in way that provides support for all.Both Marxists and libertarians have proposed basic income schemes. That's a shame because basic or universal income enjoys support on both the Left and the Right. In the UK, only the Green Party supports basic income. For decades it has existed largely as an economists' pipe dream. It often indicates a user profile.īasic income is one of the most-discussed, least implemented macro-economic ideas. Account icon An icon in the shape of a person's head and shoulders.

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