universal basic income - AEI

universal basic income

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“That’s essentially what the official statistics say, but you shouldn’t believe them for two main reasons. . .”

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Have poverty levels and inequality in the US soared in the past quarter century, or are we just looking at them through the wrong lens? AEI economist Bruce Meyer joins me to discuss his recent research on the subjects, as well as the earned income tax credit, universal basic income, and more.

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Instead of recoiling at the idea of a redistributive state, a grand bargain that preserves democratic capitalism while providing its benefits to everybody can provide a new agenda for the center Right and an alternative both to cozying up to intolerant nationalism and to ineffectual attempts to confront it directly.

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A wide-ranging conversation between Ezra Klein and Paul Krugman provides a pretty good idea of where the main ideological battles will occur among Democrats in the next few election cycles.

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Many of the systemic errors made by gloom-and-doomers in the past really seem to parallel what is happening today.

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“Much as a car can just as easily deliver you to a beautiful destination or to your instant death, depending on how you command it, too many people are letting Twitter kill them — as well our as civic culture — not so softly with its song.”

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A future where robots dominate the workplace presents two problems, one of income distribution and one of employment. Ensuring everyone has enough should be manageable, but a world where most people don’t work presents a greater challenge.

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A universal basic income of $10,000 per individual per year would cost the government less than existing programs.

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“So long as the impulse is one of homage and not derision, we should encourage borrowing. Culture should be shared, not hoarded.”

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It’s almost as if the subtext to the “get paid to surf the web” movement is “pay us or we will regulate you or break you up.” Seems a strange and ill-timed fight given the sector’s overall popularity and the fact it’s been just about the only bright spot in the US economy for over a decade.

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