Would Basic Income Encourage or Discourage Work?

Our existing mechanism for wealth redistribution; jobs, is no longer working. The bottom 50% of Americans own just 12.8% of the wealth; as recently as 1970 they owned 20.8% research by economists Thomas Piketty and Emmanuel Saez indic

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How an American Basic Income Might Work

One of the biggest advantages of a basic income scheme is that it would actually be fairly easily to implement. No new bureaucracy or social services mechanisms would be needed to set one up. One of the biggest benefits of basic income would be to address the problems of rural poverty and the hollowing out of small town America. The real problem facing communities such as Beattyville, Kentucky, (America’s poorest white town) is a lack of cash.

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Eleven Classic Movies Turning 50 in 2017

1967 was a truly groundbreaking year at the movies; it saw the birth of the summer action blockbuster, the last hurrah of the British film industry and the height of the so-called American New Wave. It also gave us two of the funniest movies ever made; The Producers and the original Bedazzled.

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The Religion of Technology

Technology is likely to become the basis of our philosophy, religion and politics in the near future. When it does it will mark a paradigm shift as great; and perhaps as bloody, as the rise of Islam or the Protestant Reformation. Whether we are ready for that revolution is anybody’s guess.

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Bitcoin Price was the Most Important Economic Story you missed in 2016

The price of a bitcoin more than doubled over the past 12 months. Back on December 26, 2016, a bitcoin was trading for $417.22, by Christmas Day 2016, one was worth $878.51, by Boxing Day (December 26) it had reached $901.58, Coindesk’s Bitcoin Index indicates. To further excite speculators the bitcoin price briefly hit $917.63 on Friday December 23.

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The Luddites are coming!!

We must learn to understand Luddism and deal with it because the Luddites are coming. Many of them are already here but many more are on the way. If technologists do not find ways of dealing with Luddites and their arguments there will be violence and people will get hurt.

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Why you should be Scared of Robotization

“There is also nothing in economics that guarantees that the humans displaced from jobs by robots will end up with new jobs that pay as much as their former jobs, or pay enough to attain a middle-class lifestyle,” Freeman noted. “The main thing to fear today is not joblessness, but a future in which the earnings of workers are stagnant or falling (as robots take a greater share of high-productivity jobs), and the share of income going to the owners of the machines increases.”

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The Problem of Work

The employment figures clearly define the problem: we now have an economy that creates jobs that a large segment of the population does not regard as work.

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The Danger from One-Country Nationalism

By ignoring the rest of the world and international institutions, one-country nationalism makes a realistic foreign policy impossible. The refusal to acknowledge economic realities makes a modern economy impossible. That makes one-country nationalism a utopian belief that rejects reality which is dangerous.

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