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Income and Wealth (Economics A-Level): Benefits

Overall discussion question: To what extent should the government prioritize a fairer distribution of income and wealth?

Recommended Reading: You must read and make notes on these articles

 

Why is everyone talking about Universal Basic Income? (Wired, 2019)

An excellent, accessible breakdown of what UBI means and the arguments for and against it.

Wired magazine is a left-centre source rated high for factual reporting by mediabiasfactcheck.com.

Labour flat-rate income plans ‘would require swath of taxes’ (Financial Times, 2019)

You may need to log in to the Financial Times site to access this article (see box to the right for details).

Article outlining the findings of a report commissioned by the Labour shadow chancellor about what it would take to implement a Universal Basic Income.

The Financial Times is rated 'least biased' and high for factual reporting by mediabiasfactcheck.com.

Further Reading: You might choose to explore some of these articles

 

Universal basic income doesn’t work. Let’s boost the public realm instead (Guardian, 2019)

Opinion piece from the Head of Social Policy for the New Economics Foundation (a left-centre to left wing Think Tank rated highly for funding transparency by Who funds you? and Transparify, but described as radical by various sources).

The Guardian is a left-centre source rated high for factual reporting by mediabiasfactcheck.com.

Universal basic income is an idea whose time has not come (Sunday Times, 2020)

A discussion about the (im)practicalities of UBI and a suggestion that increasing automation in the workplace may make it more attractive in the future.

The Sunday Times is a right-centre source rated high for factual reporting by mediabiasfactcheck.com .

Access to Infotrac

InfoTrac Newspaper Collection (password for access from home here) contains the full text of articles from:

  • The Daily (and Sunday) Telegraph
  • The Guardian and Observer
  • The Independent and Independent on Sunday
  • Mail on Sunday
  • The Times and Sunday Times

as well as a range of local papers. This can be useful for finding newspaper articles which are otherwise hidden behind pay walls.

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Access to the Financial Times

myFT logo

The Financial Times offers free access to school students aged 16-19 (and their teachers/Librarians). Sign up for an individual account while you are logged on using a school wi-fi (or wired) connection:

  • Click here.
  • Scroll down to Check if your school is registered for free access to FT.com
  • Type Oakham in the search box
  • Click on Request your signup link in the Oakham School line, and follow the on-screen instructions

Once you have created your account, you can then use these log in details anywhere - in or out of school.

Notemaking and summarising resources

Use this journal to make notes as you read each article. One page per source.

  • First note key ideas and quotes in the left hand column
  • Then reread these and explain how they relate to the inquiry question in the right hand column.
  • Don't forget to comment on the quality of the source.

You should make notes like this on both the Recommended Reading articles for each section. (If you choose to make notes by hand rather than on screen, use a shortened URL in the source description e.g. bbc.co.uk rather than the full URL of the article).


Once you have completed your reading for each area you can start to transfer your ideas to this summary sheet, which you will use as your notes for the Spiderweb discussion. Don't forget to explain the key Economic ideas for each area in the "basic explanation" box on the left hand side of the sheet, and highlight any key vocabulary so that you can make sure you use it in the discussion.

This sheet should be printed double sided on A3.


You may wish to use this sheet to collect a list of technical terms as you progress through this topic. You might find it helpful to have this list to refer to during the discussion.

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