Funding the basic income is a perennial challenge and objection against the idea. Andy Stern, in his book Raising the Floor, estimated that a $1,000 per month basic income in the US would require $2-2.5 trillion. That’s a big number. He proposes many ways of doing it by adjusting taxes, allocation of existing funds, and so on. Here is a better way.
One reason we will need basic income at this time in history is that robots are about to take over production of most goods and services. Delivery robots, manufacturing robots, driverless cars and trucks, and on down the […]
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