Category: Basic Income

Oregon Will Vote in November on a $1,600 Annual Universal Basic Income

Oregon Will Vote in November on a $1,600 Annual Universal Basic Income

r/politics – Oregon Will Vote in November on a $1,600 Annual Universal Basic Income An Oregonian making $40k/year would pay $2700 in state income taxes.

Then get $1600 back.

This would effectively move the tax burden from people making $40k/year to companies making more than $25M/year Final-Stick5098 • 2h ago •Ahhhh, now I get it. Thank you for telling me why boot lickers will tell me it’s a terrible idea. lizardfrizzler • 1h ago •Why not just reduce the tax burden to begin with instead going through the process of paying $1600 that is later refunded? Ban-Circumcision-Now • 2h ago •That’s […]

‘Economic Dystopia:’ Silicon Valley Tycoon Predicts AI Will Take Over 80% of All Work

‘Economic Dystopia:’ Silicon Valley Tycoon Predicts AI Will Take Over 80% of All Work

Silicon Valley tycoon Vinod Khosla Vinod Khosla, legendary Silicon Valley investor and entrepreneur, has predicted that AI will replace the majority of work in most jobs, necessitating the implementation of universal basic income (UBI) to prevent economic instability and inequity.

Fortune reports that in a recent blog post , Vinod Khosla, the billionaire co-founder of Sun Microsystems and early investor in companies like Netscape, Amazon, and Google, shared his insights on the disruptive potential of AI. Khosla estimates that AI could handle 80 percent of the work in 80 percent of all jobs, including roles in healthcare, sales, agriculture, engineering, […]

Barriers continue to keep older Aussies away from ‘golden ticket’ advice

While financial advice continues to be associated with positive outcomes for older Australians, new data has highlighted persistent concerns regarding the lack of appropriate support.

With inflation pushing living costs higher, planning for the future continues to be a major concern for older Australians, according to new research by Challenger in partnership with National Seniors Australia.

The National Seniors Social Survey of 4,700 Australians aged over 50 revealed that many respondents feel as though they lack the appropriate information to help navigate retirement.However, financial advice continues to be associated with positive outcomes for Australians in this age bracket, with 41 per […]

Young Plan Participants Expect to Rely on Personal Retirement Accounts

Young Plan Participants Expect to Rely on Personal Retirement Accounts

Younger 401(k) participants are not counting on Social Security or other guaranteed income sources to support them in retirement. Instead, they plan to depend primarily on their personal retirement accounts, which signals a need for changes in defined contribution plan design before younger generations retire, according to Cerulli Associate’s “U.S. Retirement Edition: The DC Advice & Income Solutions Issue.”

Responding about their expected primary source of retirement income, 58% of Millennial 401(k) participants cited personal retirement accounts, while just 6% pointed to Social Security. By contrast, 39% of Generation X 401(k) participants expected personal retirement accounts to be their […]

Silicon Valley billionaire Vinod Khosla says AI will handle 80% of work in 80% of jobs

Silicon Valley billionaire Vinod Khosla says AI will handle 80% of work in 80% of jobs

Yet another Silicon Valley billionaire has just predicted that most jobs will be replaced by AI—whether you work on a farm or in sales.

“I estimate that 80% of 80% of all jobs, maybe more, can be done by an AI,” famed investor and entrepreneur Vinod Khosla has warned.

“Be it primary care doctors, psychiatrists, sales people, oncologists, farm workers or assembly line workers, structural engineers, chip designers, you name it.”Khosla cofounded Sun Microsystems in 1982, before investing in Netscape, the earliest widely-used browser, Amazon , Google and more recently invested in OpenAI.In a lengthy blog post , he detailed how […]

The Basic Income Grant

The Basic Income Grant

50

B oth the European social democracies and their colonial extensions were built on the

putatively universal figure of “the worker,” and the domain we have come to know as “the social” was constructed on the foundation of an idealized, able- bodied male “breadwinner.” Indeed, the list of those requiring “social” intervention (the elderly, the infirm, the child, the disabled, the dependent reproductive woman) sketches a kind of photographic negative of the figure of the wage-earning man. (James Ferguson)The above quote by James Ferguson in his book Give a Man a Fish: Reflections on the New Politics of Distribution, […]

Tilted and Avive Partnership: Bridging Web3 Game Assets and Universal Basic Income

Tilted and Avive Partnership: Bridging Web3 Game Assets and Universal Basic Income

Tilted and Avive Partnership: Bridging Web3 Game Assets and Universal Basic Income

Tilted

· Follow 2 min read·9 hours ago Tilted and Avive are joining forces to revolutionize the intersection of decentralized finance (DeFi) and Universal Basic Income (UBI). With their shared vision of empowering users and improving accessibility in the blockchain ecosystem, this partnership highlights how game asset management and decentralized tokenization can align with UBI principles to create new opportunities. Avive: Redefining Universal Basic Income with Proof of Networking Avive is leading the way in UBI through their Proof of Networking Protocol. By leveraging geosocial verification, […]

Vinod Khosla says universal basic income may be needed as AI takes over jobs and drives wealth disparity

Vinod Khosla says universal basic income may be needed as AI takes over jobs and drives wealth disparity

Investor Vinod Khosla said universal basic income might be necessary as artificial intelligence takes on more of the work humans do. Patrick T. Fallon/AFP via Getty Images Silicon Valley investor Vinod Khosla says AI will handle 80% of work in 80% of jobs.

Khosla argues AI will reduce labor value, making expertise nearly free and driving down costs.

He said the resulting disruptions to the labor market help make the case for universal basic income . Famed Silicon Valley investor Vinod Khosla thinks artificial intelligence will be able to do 80% of the work of 80% of jobs.That will […]

Pope Francis Warns World’s Wealthy About ‘Pure Greed’

Pope Francis Warns World's Wealthy About 'Pure Greed'

Pope Francis has called for higher taxes for billionaires, saying it is often the wealthiest members of society who oppose social justice "out of pure greed."

The 87-year-old leader of the Catholic church also renewed his calls for a Universal Basic Income (UBI) that would award everybody a guaranteed monthly payment, regardless of their employment situation.

"Wealth is made to be shared, to create and promote fraternity," he told a meeting of various grassroots organizations gathered from five continents on Friday. The event, the World Meeting of Popular Movements (WMPM), was the tenth to be held at the Vatican, which hosts […]

How a Kamala Harris administration would trap people in poverty

How a Kamala Harris administration would trap people in poverty

Vice President Harris has yet to propose solutions to address poverty in America. If we fill in the blanks based on her past policy support and legislative proposals, we find a champion for ideas that keep people locked in poverty, rather than set the unfortunate on a path of upward mobility.

Hard-left policymakers like Harris posit that universal basic income (UBI), which gives people a standard welfare payment with no work requirements, is the solution to economic insecurity. Instead of growing earnings potential or human capital, UBI advocates want to grow the poor’s dependence on government.

However, they never seem to […]