The rights group Oxfam International has released the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting here.
It means get rid of the ultra rich, and you can establish a baseline of income / stability for everyone. Its an extremely small group of people who couldn’t exist without the 99% being poor / working our asses off no matter how much productivity and technology has advanced
UBI
what’s that? ik it is universal basic income but don’t know what it actually means
It means get rid of the ultra rich, and you can establish a baseline of income / stability for everyone. Its an extremely small group of people who couldn’t exist without the 99% being poor / working our asses off no matter how much productivity and technology has advanced
Everyone gets a set amount, like $10k.
$10k helps people only making $35k annually a lot more than people making $500k, and those people making $500k are paying a lot more in taxes.
It’s wealth redistribution and it will need to happen as automation begins to impact the middle-class a lot more.
Or the upper class spend that money on building bigger walls.