Basic income is a hack for fixing the fundamental flaw of the modern capitalist economy.
To elaborate, modern capitalism generates vast amounts of wealth by harnessing technology. However, that wealth is unfairly and unevenly distributed. To make matters worse, a growing segment of the population has no access to that wealth.
For example, Amazon CEO Jeff Bezos’ estimated net worth is $165 billion, Quartz calculates . Meanwhile, Amazon’s lowest paid employees will make $30,000 a year with the company’s planned $15 an hour minimum wage.“Of all forms of tyranny, the least attractive and the most vulgar is the tyranny of mere […]
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