“Economic growth comes from entrepreneurs risking their own money, not from politicians risking your money.” ~ Burt Folsom, Professor of History at Hillsdale College.
The basic income theory is a term I use to describe the idea that as technology grows, eventually we will get to a point where the only people that have a decent life are those who inherited wealth from their parents. As the theory goes, the wage gap will continue to widen until we get to an Animal Farm -esque world where the rich are super-rich and the poor are super-poor and the middle-class is non-existent.
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