The colossal problem with universal basic income

Here's why universal basic income will hurt the 99%, and make the 1% even richer.

  • Universal basic income is a band-aid solution that will not solve wealth inequality, says Rushkoff.
  • Funneling money to the 99% perpetuates their roles as consumers, pumping money straight back up to the 1% at the top of the pyramid.
  • Rushkoff suggests universal basic assets instead, so that the people at the bottom of the pyramid can own some means of production and participate in the profits of mega-rich companies.
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How financial insecurity sinks American IQ scores

Being on shaky financial footing is making Americans dumber.

  • Not being able to pay your bills has the functional equivalent of lowering your IQ by 13 points. Many Americans have scarcity mindsets because of their inability to pay their bills.
  • In a scarcity mindset, your functional bandwidth decreases — it influences you to be less generous and less reasonable.
  • The opposite of a mindset of scarcity is a mindset of abundance, which is what many entrepreneurs have. Abundance mindsets tend to build on to themselves if the environment is right.
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Australians support universal health care, so why not a universal basic income?

In Australia, the idea of a universal basic income has floated in and out of our political arena for years, but remains only that, an idea.

 

Job Seekers Search For Employment At Job Fair Held In Denver, December 2009 (Photo by John Moore/Getty Images)

In Australia, the idea of a universal basic income has floated in and out of our political arena for years, but remains only that, an idea.

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What Will Your Life Be Like in 2027? | Big Think's Long Take

In ten years, everything could be very different... while on the surface being as recognizable as possible.

Between driverless cars and AI and gene modification technology, we're about to see a lot of very big changes in a short amount of time. But there's a danger of people rebelling because things moved too fast. Imagine an angry, jobless populace once driverless cars take away the transportation industry and electric cars take away the gas industry. Will politicians have to enact universal basic income? It's a sobering reminder that we are—as a country and as a species—still adapting to an every changing world. Even if it's a world that we designed. Vivek tackles this and a host of other issues (as well as some great things to look forward to) in our first long-form video. Vivek is the author of The Driver in the Driverless Car: How Our Technology Choices Will Create the Future. Intro / The Future - 0:00 to 5:26 Health - 5:26 to 11:09 Artificial Intelligence - 11:09 to 15:53 On Demand - 15:53 to 18:35 Energy - 18:35 to 25:29 Jobs - 25:29 to 29:52 Big Decisions - 29:52 to 34:38

5 New Societies Silicon Valley Wants To Create

Should there be a ceiling to the ambitions of Silicon Valley? It seems like a decisive “no,” according to the people who want to build new societies online, atop the ocean, and on Mars. 

Artist rendering of SpaceX Mars colony

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