Market Mad House

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

Basic Income

FinanceMy ThoughtsOpportunitiesPolitics

A Nation of Caregivers needs a Basic Income

This story shows America’s current caregiving regime is immoral. Our system punishes responsibility and rewards irresponsibility. Fortunately, most people are not irresponsible, which makes the system worse. America rewards an irresponsible minority while punishing the responsible majority. That is not how capitalism is supposed to work.

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Politics

Could a Basic Income protect people from Domestic Violence?

Many women stay with violent men because they lack the money to leave. Our sick society gives these women the horrible choice of “stay with the violent guy or sleep in the streets.”

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My Thoughts

Coronavirus Shows Why America needs a Basic Income

Moreover, people will not be afraid to stay home or miss work. Instead, they will have the resources to survive.

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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

Can Basic Income create a Permanent Democratic Majority?

I think the party with the brains and guts to promote a generous basic income will dominate American politics in the 21st Century. Notably, Democrats owned Congress for nearly 60 years because of generous welfare programs like Social Security and Medicare.

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Opportunities

Democrat Presidential Front Runner embraces Basic Income

In particular, Harris is trying to buy the votes of middle class soccer moms – who will decide the 2020 presidential election. If Harris’s proposal is successful it will dramatically change the American electorate and shift the balance of political power to the left.

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Opportunities

Basic Income Opportunity in Chicago

The Chicago and Stockton basic income proposals demonstrate that there is a lot of innovative social work going on in America. All sorts of people are proposing a wide variety of creative solutions for problems like poverty.

A DARPA for social services would fund innovative social programs and related work. The social work DARPA would combine charities, community groups, nonprofits, government agencies, and university researchers.

One of the social-work DARPA’s mandates would be to fund research into alternative poverty-alleviation strategies such as basic income. It would also fund the development of new technologies for benefit delivery.

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My Thoughts

How to Pay for Basic Income

The best way to finance Basic Income in America would be an individual income tax. That would leave the corporations which generate wealth, untouched but reduce income inequality.

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OpportunitiesPolitics

Is Basic Income the Solution to Illegal Immigration?

A basic income for Central America might be cheaper than detaining and deporting illegal immigrants. It would also be cheaper than Border Security measures like President Trump’s Wall.

It U.S. taxpayers $10,854 to deport an illegal immigrant in 2016, CNN Money reported. Immigration and Customers Enforcement (ICE) spent $3.2 billion identifying, arresting, detaining, and removing illegal immigrants in 2016 – before President Trump’s crackdown.

These figures do not cover the cost of President Donald J. Trump’s (R-New York) ridiculous border wall. The official cost of the Wall has been projected at $21.6 billion but some opponents have estimated the price at $66.9 billion, Time reported. Even without the Wall, the United States has spent $263 billion on border security since 1986, The American Immigration Council estimated.

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