In an era of rising inequality and rapid technological change, a Universal Basic Income (UBI) seems to many a worthy solution to the rampant unemployment and underemployment gripping the developed world. But is all what it seems?
In Finland, income security is guaranteed to everyone. The Finnish government launched a basic income experiment in 2017 in a bid to simplify its social security system and provide stronger incentives for finding work. Up to 2000 people between 25-58 were chosen at random to participate in the trial. Watch this short video to find out how it works.
Washington has turned into the thing that it freed itself from 241 years ago – a bloated and corrupt imperial power, desperate for taxes, constantly hunting down resources overseas…sustained by military might and control of the global monetary system. Arrogant beyond belief, oblivious to its own hypocrisy, and dismissive of the need to maintain the respect of other nations – the US government is a reflection of everything it was created to overthrow.
Former chief economist to Vice President Joe Biden, Jared Bernstein claims Republicans are hypocrites about the federal budget deficit, pretending to care when the Democrats hold power, shrugging it off when Republicans pass tax cuts for the wealthy. The truth is Republican elites haven’t cared about the deficit for decades, Democrats would do well to do the same and stop claiming to be the Party that “really cares” about the deficit. That politically attractive pose is not simply dishonest and financially illiterate, it is also a trap.
We are at a critical stage in the ‘end-game’ of a monetary system in desperate need of reform, but the government has neither the stomach nor the spine for the job. So instead Uncle Sam is coming after your taxes. Mark GB on why growth and progress is about to run off a cliff.