• Articles

    Bernie Sanders on FDR | Bernie Sanders

    A few hours ago, a few hours ago I had the wonderful opportunity to visit the Franklin Delano Roosevelt homestead. And I was happy to be there because in my view, FDR was one of the great presidents in the history of this country. He was a great president because he came into office in 1933, in a nation which was experiencing the worst depression in the history of our country and he looked around him and he saw millions of people unemployed and hungry. He saw farmers losing their farms. He saw people struggling every single day to get the healthcare they needed or education for their kids. And…

  • Can Universal Basic Income / Social Democracy  Fix America’s Inequality? | Jeffrey Sachs
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    Can Universal Basic Income / Social Democracy Fix America’s Inequality? | Jeffrey Sachs

    There’s a proposal around that’s got a lot of interest called universal basic income where everybody is guaranteed at least a certain level of income in the society. Some free market economists like Milton Friedman talked about a negative income tax which in effect had the same features of guaranteeing a certain level of income for everybody as a base. I think from a human rights and decency standard there’s a lot of sense to the idea that everybody in a society should be able to meet their basic needs. There’s on the other hand this sense if you give someone a check whether they’re trying, not trying, working, not…

  • MLK & Universal Basic Income | Guaranteed Income (5 Reasons)
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    MLK & Universal Basic Income | Guaranteed Income (5 Reasons)

    At the end of his life… Martin Luther King Jr. was working on a campaign… …to ensure all Americans… …had a dignified standard of living… …with what is now referred to as a… Universal Basic Income. Or as he called it: A guaranteed minimum income… …for all people… …and all families of our country. The problems which are developing… …as a result of automation and cybernation. As far back as 1961… …MLK saw a new economic trend… …of automation dissolving jobs”. He called it a “catastrophe”… …and said “black and white…” “…we will all be harmed…” “…unless something grand and imaginative is done.” “A true revolution of values will soon…

  • Why the U.S. Should Provide Universal Basic Income
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    Why the U.S. Should Provide Universal Basic Income

    America! We are the richest country on earth, and indeed the richest civilization that has ever existed. We put a man on the moon! We invented the internet, the assembly line, and the airplane. More billionaires live here than anywhere else on earth. And we are widely acknowledged as being the most powerful single nation around. But for a country so wealthy and so innovative, our living standards are… not that great. Our infant mortality and child poverty rates are among the highest in the developed world. Americans can expect to live shorter and sicker lives, compared with people living in many other rich democracies. We have the highest incarceration…

  • Is universal basic income working? We went to Finland to find out | CNBC Reports
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    Is universal basic income working? We went to Finland to find out | CNBC Reports

    I’m in Finland. It’s one year after the launch of a first-of-its kind experiment here in the country. We’re talking about universal basic income. Here’s how it works. Researchers randomly selected 2,000 unemployed people between the ages of 25 and 58 from around Finland. Each month those 2,000 people receive €560, which is about 670 bucks, tax-free. What they do with the money is entirely up to them. The purpose of the experiment is to address unemployment here in Finland. The government hopes that it will encourage unemployed people to take jobs instead of being afraid of losing their unemployment benefits. So one year into the experiment, is it working?…

  • What is universal basic income? | CNBC Explains
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    What is universal basic income? | CNBC Explains

    Do you guys want some free money? Excuse me, would you like some free money? Free money? No, thank you. No? Free money? Free money! It’s free! I’ll take some for my friend too. You can take some for your friend. Okay, thank you. Would you like some free money sir? Okay, wow, we’ve got a lot of takers here. Handing out free money sounds like a pretty radical idea. But it’s actually an economic concept gaining a lot of traction around the world. We’re talking about universal basic income. Universal basic income is pretty much what the name suggests, an income for everyone in the form of a cash…

  • 💰 Universal Basic Income | Pros and Cons | UBI
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    💰 Universal Basic Income | Pros and Cons | UBI

    Have you ever wondered what it would be like to go back to the 1970s soviet country, and return to our times with then-popular maxim: “Down you lie or up you stand, either way you’ll earn a grand”? Every citizen in our country would have full-time employment and a fixed salary regardless of the results of their work, and regardless of whether they would try their best or not. But perhaps we should go even further than that. Let the government pay regardless of employment status. From then on, you would not have to worry about your day-to-day survival. You could spend your time on your education and development, without…

  • Will You Be Replaced? Dangers of Automation – Universal Basic Income
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    Will You Be Replaced? Dangers of Automation – Universal Basic Income

    robots are set to replace humans in the workplace by 2050 creating massive Unemployment Universal basic income may be the only answer to our problem Really really truly this can’t be the best solution the world can come up with humans have an uncanny ability to be incredibly versatile and creative while the robot has the ability to be many multiple times better than a human at a specific job it cannot do thousands upon thousands of tasks like a human and their creative ability is limited by what we give them to work with without human intervention robots would have no creativity problem-solving skills or capacity even roots teaching…

  • Is Social Justice Just? Why Income Inequality is Just [POLICYbrief]
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    Is Social Justice Just? Why Income Inequality is Just [POLICYbrief]

    Social justice is the idea that everybody should be treated equal no matter what their virtue, no matter what their vices, no matter how much they, let’s say, in economics, produce. They should all be the same. So the more secular social justice movement is really animated primarily by this notion of equality, of, uh, equality of outcome, uh, whether it’s economic, uh, outcome or whether it’s social outcome. But they want equality of outcome. It’s this altruistic idea that those who create more, produce more, who make more, who have more, who have higher standing for whatever reason, should sacrifice what they have or should be forced to sacrifice…

  • Bake Your Own Pie: The Inequality of Value Creation
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    Bake Your Own Pie: The Inequality of Value Creation

    So in my view, when people earn money by creating value, who are we to then come and say, “We need to take your money away,” in the name of what? To give it to somebody else who hasn’t created that value. We often hear this analogy of a pie. You know? Yo- y- y- a bunch of friends get together and there’s a discussion about how you’re gonna divide the pie. And the assumption is always you should divide it up about equally because, you know, we’re all a bunch of friends, and we’re all gonna eat about the same, and that seems right. And we assume that wealth…