Posted on 06/01/2016 12:48:16 PM PDT by 2ndDivisionVet
Can giving people money help solve wealth inequality?
Y Combinator, a prestigious Silicon Valley accelerator program for startups, is wading into a new “world changing” project: basic income.
On Tuesday, Y Combinator said in a blog post that it would conduct a short pilot study in Oakland, Calif., “a city of great social and economic diversity” that “has both concentrated wealth and considerable inequality.” The accelerator has also hired Elizabeth Rhodes, a PhD in social work and political science from the University of Michigan, where she completed research on health and education in slum communities in Nairobi.
Y Combinator defines basic income as “giving people enough money to live on with no strings attached,” and it’s an idea that has roots in both left and right-wing economic theories, though relatively little data about it exists, according to Y Combinator president Sam Altman. The accelerator hopes the study will help illuminate a possible future in which technology replaces jobs, but also drives down the cost of living....
(Excerpt) Read more at fortune.com ...
This will be neccessary, sadly, and sooner than we think, thanks to the coming massive social tsunami of robots and automation.
Sounds like just another utopian idea to drive hyperinflation to new speeds.
To your point...there are some things that men need to do, to remain men.
Any person willing to give this a passing consideration is a failure at life. We tried slavery, which is what this is, and it’s immoral and cancerous to a free society.
At a minimum, it’s just communism masquerading as some new concept.
Ignores human behavior, is small minded, is short sighted. A perfect liberal idea.
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