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Interesting article. The arguments re inequality seem to lead to an inevitable need for Universal Basic Income (or whatever else you want to call it) as a smal
by andrewlgood 5y ago
Interesting article. The arguments re inequality seem to lead to an inevitable need for Universal Basic Income (or whatever else you want to call it) as a smaller group of people continue to generate the vast majority of income and control an even larger percentage of wealth.
Combine the impacts that increasing income and wealth inequality have with the discussions of the impact due to investment in greater automation - reduction in labor and more returns to owners of capital - and it appears inevitable that we will need to ensure a safety net covers everyone.
It seems to me that some countries will figure this out before others. There will be a global race to become the destination country for those with the income and wealth.
- tastyfreeze 5y agoThat isn't what I took away from the article. I read it as government meddling with interest rates has lead to greater wealth inequality.