Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Andrew Yang

Opportunities

Automation could kill 11.9 Million Americans’ Jobs in Three Years

Technological unemployment could destabilize the People’s Republic of China, Bloomberg speculates. To explain, IBM predicts automation will kill 50.3 million Chinese jobs over the next three years. Thus, the People’s Republic will need to retrain 50.3 million workers.

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Politics

Bernie and Biden Collapse, women gain

Biden, did a little better than Bernie his support fell by 4% from 34% in June 2019 to 30% in July 2019. If Biden’s support falls by 4% each month between July and the 3 February 2019 Iowa caucus, the former vice president will have a 6% level of support.
 
To clarify, if you multiply 4% by six, the number of months until the Iowa Caucus you get 24%. Thus, Biden needs to do something and fast, or he’s toast.

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My Thoughts

Workers need a Basic Income because work no longer pays

Therefore, our society no longer values work or workers. In fact, there is now a long list of jobs that our market economy assigns no value to.

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Politics

Senior Citizens Need a Basic Income

The average individual monthly Social Security payment in 2019 is $1,461, the Social Security Administration estimates.
 
Consequently, the average annual individual income from Social Security is $17,532.

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Opportunities

Can Data Pay for Basic Income?

Essentially, the data dividend takes the theory that “data is the new oil” or the oil of the 21st Century to its logical conclusion.

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Politics

Meet the first Basic Income/Luddite Presidential Candidate

Yang comes across as a kinder and gentler Generation X version of Trump.
Yang might be the breakout Democratic candidate of 2020. Even if he does not win, Yang is certainly in a position to disrupt the Democratic primaries and possibly knock out some serious mainstream contenders like former Vice President Joe Biden (D-Delaware) or U.S. Senators Kamal Harris (D-California) and Kirsten Gillibrand (D-New York).
. Like Donald J. Trump, Andrew Yang is a sophisticated but improbable candidate that has a strong chance of reaching the White House.

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