Richard Branson: Universal Basic Income Will Protect Us From the Threat of AI

Richard Branson: Universal Basic Income Will Protect Us From the Threat of AI

Richar Branson, the founder of the Virgin Group, recently sat down with Business Insider Nordic to discuss a variety of topics, Universal Basic Income among them. Branson says that basic income will become more important in the age of automation. Universal Basic Income: A Safety Net?

Billionaire entrepreneur and Virgin Group founder Richard Branson recently sat down with Business Insider Nordic ( BI Nordic ) during the Nordic Business Forum in Helsinki. A few months ago, Branson joined other tech elites to support Universal Basic Income (UBI). In a blog post from mid-August, Branson stated that “most countries can […]

Billionaire Richard Branson: Extreme wealth generated by A.I. industry should be used for cash handouts

Billionaire Richard Branson: Extreme wealth generated by A.I. industry should be used for cash handouts

Billionaire and iconic entrepreneur Richard Branson says the extreme wealth that will be generated by the artificial intelligence industry should be partly redistributed as a universal basic income, or cash handouts.

"Basic income is going to be all the more important. If a lot more wealth is created by AI, the least that the country should be able to do is that a lot of that wealth that is created by AI goes back into making sure that everybody has a safety net," says Branson, speaking with Business Insider Nordic while in Helsinki for the Nordic Business Forum recently.

"Obviously AI […]

Survey: Americans want to limit robots to ‘dangerous’ and ‘unhealthy’ jobs

Survey: Americans want to limit robots to ‘dangerous’ and ‘unhealthy’ jobs

Americans support having machines do the grunt work, giving humans the opportunity to pursue more creative, less monotonous tasks. Workers of the future may be competing for jobs against machines who can work longer, harder, and without complaint. And we are increasingly aware of this future. The majority of Americans believe that robots will replace our jobs in 50 years. As you look at your ordinary, human body, it’s easy to feel anxious about how our bodies and brains can measure up.

How can we fight against our approaching obsolescence? In a new Pew Research Center survey , Americans offered […]

Protected: Ellen Brown explains Universal Basic Income; Art Olivier on illuminati symbolism in Las Vegas false flag __on Kevin Barrett’s Truth Jihad Radio

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The 911 Blockbuster–A Must See Video!! The 43 technical experts interviewed in Experts Speak Out lay out the case for controlled demolition from their individual areas of expertise in hi-rise architecture, structural engineering, metallurgy, chemistry, physics, and controlled demolition. The seeming implausibility of the implications of the three World Trade Center skyscrapers being demolished with explosives is also handled quite skillfully in the film, as eight experts in psychology discuss the difficulties […]

Robot Taxes Are A Good Idea As Long As The End Goal Is Basic Income

Robot Taxes Are A Good Idea As Long As The End Goal Is Basic Income

If companies adopt robots (and other artificially intelligent tools) widely in the future, then calls for taxes on robots–to help offset the lack of income for the workers they’ve replaced–are likely to grow. If people are going to lose their jobs in substantial numbers, then voices will rise for some form of rebate, insurance premium, or basic income for everyday workers–and perhaps a tax on automation to pay for (at least partly) such schemes.

Bill Gates has endorsed a robot tax as a way of substituting for the loss of government tax revenue. “You ought to be willing to raise […]

Don’t fear the robot: Harness automation to boost labor force

Don't fear the robot: Harness automation to boost labor force

© Getty Images The Institute for Supply Management’s (ISM) production index increased to 62.2 in recently released data for September, a month marked by notable and unfortunate hurricane activity. This reading is nearing the highs of this economic expansion.

The overall Purchase Manager’s Index (PMI) from the ISM which includes production but also factors such as employment, inventories, backlogs and inflation was reported at 60.8, the highest reading in more than 13 years .

Enabling Secular Growth Despite below-average economic growth and recurring geopolitical uncertainty, manufacturers here in the U.S. are reporting brisk business. However, with manufacturing gains for 100 […]

The Fundamental Facts on Biostar Pharmaceuticals, Inc. (BSPM)

The Fundamental Facts on Biostar Pharmaceuticals, Inc. (BSPM)

It is interesting to note that Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) is active and made a solid movement in the last trading day. Now trading with a market value of 5.34M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance […]

For Bioptix, Inc. (BIOP), It May Be As Good A Moment

For Bioptix, Inc. (BIOP), It May Be As Good A Moment

It is interesting to note that Bioptix, Inc. (NASDAQ:BIOP) is active and made a solid movement in the last trading day. Now trading with a market value of 52.88M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Bioptix, Inc. (NASDAQ:BIOP) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The […]

Advisors, here’s how to help single retired clients

Advisors, here’s how to help single retired clients

More Canadians are living alone in, or approaching, retirement than ever before. Some are outliving their deceased partners for longer periods, others are simply choosing to remain single, and ‘grey’ divorce is also on the rise as more people choose to separate later in life.

Last week, Christine Van Cauwenberghe, VP for Tax and Estate Planning at Investors Group , explained some of the challenges faced by single clients in the current market. Here, Van Cauwenberghe talks about some of the tax implications faced by single retirees and tells advisors how they can help.

Depending on personal circumstances, taxation in retirement […]

Is ‘universal basic income’ a better option than research grants?

Is ‘universal basic income’ a better option than research grants?

Woman sweeping coins into a wheelbarrow Every tenured academic should receive a “basic income” to fund their research projects, rather than wasting their time submitting largely unsuccessful bids for grants, two researchers say.

All researchers would be entitled to a stipend every five years of about $600,000 (£460,000) in the US and just over $500,000 in the Netherlands if research grants’ total value was shared out equally, the pair calculate, enough to hire a similar number of PhD and postdoctoral students to now and to maintain a healthy travel and equipment budget.

Co-author Krist Vaesen, assistant professor in philosophy at Eindhoven […]