Market Mad House

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

Basic income “is an idea Labour will be closely looking at over the next few years


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.

Read More