Yes, and as most supporters of the ideas of Henry George know, the 'COVID-19 recession' was locked in well before COVID hit us. Of course it exacerbated the recesssion. The cycle will have its destructive way with us until we put an end to it. www.macrobusiness.com.au/2019/01/prop...
"A growing number of companies are using AI to streamline operations, cut costs, and boost productivity... Investor enthusiasm for AI, rewards companies that deploy the technology."
Automation will only grow. We should make sure everyone benefits from rising productivity with a GDP dividend — UBI.
Adam might have ideas about how these guys can manage the upcoming real estate crash?
'The more a country exploits the environment, domestically or abroad, the more it earns.'
Economics is all about incentives and when GDP is your primary focus... 😬
Maybe we need a different type of economics!? 🍩
#EconSky - time to read Herman Daly? open.spotify.com/episode/5Hdo...
This onion won’t make me cry meme Those who advocate for a jobs guarantee alongside universal basic income are, at their core, undermining human rights by imposing criteria for who is deemed deserving and who is not.
This onion cuts deep for those who insist that a jobs guarantee must accompany basic income. It exposes the contradiction of offering security while still demanding justification for one’s right to it.
But there is a silver bullet, Clare. Better use of our land taxes, as a quid-pro-quo for abolishing many other taxes, as recommended by the Henry Tax Review. It was actually foundational Labor policy. But banking & real estate profits now seem to matter more to the ALP than we Australians.
If you listen to mainstream media, you could be mistaken for thinking that taxes are the reason housing is so expensive. Is that true? Well, it depends.
youtu.be/kcSwKlfASDA
The likely next president of South Korea will likely introduce a universal basic income.
Trumpists, for months: "no no, he's just threatening tariffs as a negotiating tactic, he's not actually going to do them, you'll see"
Trump, as he does them: "these are not a negotiating tactic, we are not seeking concessions"
Trumpist: "mhmm yes masterful gambit sir"
THEN WHAT'S THE POINT OF THE TARIFFS YOU FUCKING MORON
Was he grave, somber, the consoler-in-chief? Are you kidding – this is Trump
Hours after the Washington plane crash, the president’s desire to politicize tragedy was breathtaking in its audacity.
The Sociopath doesn't care about Americans or America.
www.theguardian.com/us-news/2025...
It feels like it took me too long to realize that the underlying opposition to Universal Basic Income (UBI) isn't "it's too expensive" or that it redistributes money; it's because it redistributes power. During the pandemic, we saw a massive swell in worker power, as work-from-home requirements showed a better way of working was possible for many, accommodations that had been withheld for ages for being "unworkable" or "too expensive" suddenly were shown to be completely viable and broadly accessible, COVID relief benefits provided much needed supports and showed that direct distribution was possible, and more brutally the work force shrunk because of illness and death. Remember the "nobody wants to work" mantra? Right, well, because the pool of available workers was lower and expectations for what employers should provide to their employees grew, so employers had to work harder (pay more, provide better working conditions) to fill positions. It's not that nobody wants to work; it's that the job and wages and working conditions you could get away with don't cut it anymore, because people have options. And they didn't like that... Workers had to be brought back to heel: Greedflation juicing corporate profits, mass layoffs, Return To Office (RTO) mandates. These measures aren't about productivity or necessity; they're about taking back power and control. UBI works in the same spaces. When people's basic needs are met, they can pursue better opportunities. When the threat of poverty is removed, you have more power at the bargaining table because you don't have to take the bare minimum just to survive. In other words: you have more power in the equation.
Sigh... Yup, Kushner told us all the game plan LONG before the election. He and Bibi are going to turn Gaza into a playground for billionaires by shipping who hasn't been slaughtered to concentration camps in the desert. trump will help as needed.
www.theguardian.com/us-news/2024...
Yup!
Hey @abdallahfayyad.bsky.social, we really liked where you were going with this article. Not just removing means testing, but asking:
What if everyone qualified for direct cash transfer? #UniversalBasicIncome — e.g., a social dividend through monetary policy?
www.vox.com/policy/393227/m...
‘The Best Idea We’ve Never* Tried’ is an amazing and compelling article for Universal Basic Income in these times!
Key takeaways from our own @karlwiderquist.bsky.social @scottsantens.com @puffmushroom.bsky.social ~ Mark “Andrew” Witham
Many of the signatories to CEOs for Basic Income support it not only because of job automation, but because they took risks with the economic security of a guaranteed income.
ceosforbasicincome.ca
"Lack of income is the primary driver of homelessness in this province... A single person on ODSP might spend as much as 90% of their income on rent."
Basic income saves lives and money.
www.thespec.com/opinion/cont...
Abolish private property in land with a Single Tax Regime on Rent
The amount of rent per parcel of land is determined by the difference of productivity.
Welcome to 2025!
Here at Prosper we are preparing for a big year in economics.
With an upcoming federal election on top of cascading social and environmental challenges, the debates around solutions are heating up.
We believe a just and equal society is possible with the right economic frameworks
In 1968 Finland banned for profit education, the few private schools that exist in Finland have to reinvest any profit they make or pay it back to parents.
It has been in the Top 3 in education for the last 20 years.
There should be no profit in education or healthcare.
OBSERVED EFFECTS OF UBI No significant reduction in labor supply (38 studies meta-analysis) Increased self-employment (301%) and part-time employment (17%) Slight decrease in alcohol and tobacco use (31 studies meta-analysis) New mothers extend their maternity leaves Birth weights improve due to better maternal nutrition Graduation rates and educational outcomes improve Hospitalization rates decline (8.5%) Crime goes down (15%–42%) especially illegal hunting (95%) Domestic violence decreases (30%–51%) Trust increases (13% in politicians | 6% in other people) Home ownership rates increase (17%–26%) Food security increases as does consumption of fresh fruits and vegetables Improved cognitive functioning (43%) and personality traits (31%) Savings go up, debts go down Source: scottsantens
I've been researching the idea of Unconditional Universal Basic Income since 2013. Here's a collection of findings I've compiled from various UBI experiments and studies of cash transfer programs around the world.
This will be a VERY LONG and ongoing thread focused entirely on empirical evidence. 🧵
Yes. Or, as Henry George put it: privatising land rent owed equally to all of us leaves less both for workers and (non-rent-seeking) capitalists.
