Tag: Guaranteed Minimum Income

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http://enews.earthlink.net/article/top?guid=20180720/712c5602-20fd-4074-8c86-fe0795eacb42 So now the democrats are considering medicare for all, along with guaranteed income – maybe to avoid talking about open borders. Ocasio-Cortez specifically wants to eliminate capitalism, so how far away can we be from the truthful labeling of this party?  More

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On Sunday, June 5, 2016, Swiss voters pronounced upon three popular initiatives and two referenda. Here are the results. Initiatives require a “double majority” of cantons (states) and of nationwide popular vote, while referenda on acts of the federal parliament require only a popular vote majority. Public Service Enterprises More

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. Universal Basic Income: The Ultimate Tool of Social Control

 
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Finland is on the verge of replacing most of its welfare system with a Universal Basic Income, a guaranteed monthly check to every adult citizen (such proposals also go by other names, including “Guaranteed Basic Income”). Some champion UBI as a way of deconstructing the welfare state and enhancing individual freedom, as people can spend their checks however they please. Others tout the economic incentives since, in contrast to traditional welfare programs, people won’t lose benefits by taking low-paying or part-time work. Others worry that that — even if UBI were to pass — the welfare state will come roaring back as politicians seek to buy votes with other people’s money.

But, here’s the thing: Within a couple of decades, our economy is going to consist of robotic factories producing goods that are loaded by robots onto self-driving trucks to be delivered to automated warehouses where they are distributed by other robots. Also, artificial intelligence will likely make increasing numbers of white collar jobs — accountants, financial analysts, logistcians, engineers, software developers — obsolete. With worker displacement on that scale, it’s inevitable that governments will implement some form of Universal Basic Income, along with onerous taxes on those still working in order to finance it.

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