I'm a capitalist, and I believe that universal basic income is necessary for capitalism to continue.
A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.
Income taxes are very poor at generating income from automation because the gains are realized by technology companies that are experts at not paying taxes.
The benefits of a universal basic income overall are huge.
There is, happily, a non-redistributive approach to address income inequality - one that doesn't rely upon government. It's to grow the pie. That is, create more decent jobs that pay more.
Zoning laws making housing more expensive? That's less of a problem with a universal basic income and more of a reason to put money directly into people's hands.
The impending destruction of jobs due to automation and AI technologies is definitely increasing the need for - and speed at which - we have to implement big solutions, such as a universal basic income.
If you're not out testing what's complementary to your brand, you're not making the most of your income potential.
Gorilla tourism is vital to Rwanda's economy: It's the third highest source of income.
Maintenance grants, a proud Labour achievement which made it easier for children from lower and middle income families to go to university, have been abolished in one fell swoop. To be replaced with loans.
