Market Mad House

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

Guaranteed Income

My Thoughts

The Real Threat to America’s Future and How to Deal with it

The numbers clearly demonstrate that America is experiencing a manufacturing boom, but the working class is not participating. Technology; such as robots, is allowing manufacturers to ramp up production and profits without adding to the labor force.

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My Thoughts

Could Alaska’s Oil Payment Be the Answer to America’s Income Inequality?

If Americans are serious about alleviating poverty and income inequality, we need to take a close look at Alaska’s basic income experiment. We should ask ourselves if something like the Alaska Permanent Fund could work on a nationwide basis.

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Politics

Finland Commits to Basic Income

Despite some of the sensational headlines about it, Finland’s move is hardly a revolutionary one. The United States has had a basic income program for those over 65 in place since the 1930s, Social Security, which has been very successful: it keeps 35% of older Americans out of poverty, according to the American Association of Retired People.

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Politics

How Digital Wallets Could Help the Poor and Reduce the Cost of Government

Since most poor people have or could easily buy a smartphone, the government could simply disperse the aid to an app such as Venmo or Apple Pay. This would eliminate the paperwork, and it could be used to greatly reduce the bureaucracy.

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Politics

An Idea whose Time Has Come Again

Today of course next generation payment solutions such as PayPal, Venmo and Apple Pay would make it easier to distribute founds directly to the poor without much bureaucracy or expense. Since most poor people have smartphones they could simply use payment apps to get the money that they need and spend it.

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