Market Mad House

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

Universal Basic Income

Historical Insanity

Economic Catastrophes Loom for 2021

Hence, basic income could turn many of our cities into post-industrial dystopias and destroy the real estate market. Government planners and real estate investors need to prepare for these dystopias because I think coronavirus will cause many governments to set up basic income schemes.

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Opportunities

Veterans Need a Basic Income

Thus, America owes veterans a basic income. I suggest paying all honorably discharged veterans a basic income of $2,000 a month or $24,000 year.

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CryptocurrencyOpportunities

Horizon.NGO plans Decentralized Basic Income Services

Question: “How exactly does Horizon.NGO provide a basic income?”
Von Heinrichshorst: “Once Horizon’s financial reserve is big enough to guarantee all token holders a valuable payout for at least one year, we will start distributing the first Horizon basic income tokens.”
“The financial reserve will be fueled by strategic partnerships and sister projects. Over time, more basic income tokens will be distributed and the value of each token will increase.”

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Politics

Gallup Poll indicates almost half of Americans support Basic Income

The survey points to looming class warfare in America. Americans with college degrees; who are likely to be in the middle or upper class, oppose UBI. Those without college degrees; who are more likely to be working class, favor it.

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Opportunities

Basic Income Proposed in UK

“By borrowing around £200 billion ($280.25 billion) at historically low-interest rates the government could establish a fund; potentially able to pay itself back through economic growth engendered by investment in human capability from the fund,” the RSA claimed. The fund would be based upon the one already in operation in Norway, CNBC reported. That found is reportedly worth around $1 trillion (£700 billion) and was financed with oil revenues.

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Cryptocurrency

Basic Income can add $2.5 Trillion to US Economy

Paying every citizen in the United States $1,000 a month would grow the economy by 12.56% in eight years, a report from a left-wing think tank called the Roosevelt Institute claims. That would certainly be better than the 1.6% U.S. GDP growth rate reported in 2016.

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Politics

Is Basic Income Good for your Health?

Tests in the Indian state of Madhya Pradesh found that villagers who received basic income payments experienced better nutrition and a decrease in serious health problems.

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Cryptocurrency

Basic Income Opponents Need Some Coherent Arguments

If basic income opponents wish to succeed they will need to come up with some good arguments and realistic alternatives. One reason I suppose they do not is that the whole concept of basic income is unsettling. The idea that people might be able to survive; and be happy, without work runs to counter to everything we have been taught.

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My Thoughts

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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