The grim truth about the male income levels in the US

AP Men have suffered the brunt of the real-wage repression over the past four decades. But the figure doesn’t include capital gains. With investment returns included, the data becomes even more skewed.  Women weren’t so lucky either. But who got the spoils? On the surface, the annual household income data released by the Census Bureau today, looks […]

What is Prince Harry’s salary? Does he have a private income? Finances revealed

Prince Harry is one of the most popular members of the Royal Family. His lavish wedding to wife Meghan Markle, 36, a former-actress in cable drama Suits, took place last month. The royals enjoy a lavish life, but how do they pay for it all? Does Prince Harry have a job or a private income? […]

Pension bonds are an ingenious idea for providing retirement income

WHEN people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by […]

The lapsing of Finland’s universal basic income trial

THE concept of a universal basic income (UBI), an unconditional cash payment to all citizens, has in recent years captured the imagination of a wide spectrum of people, from leftist activists to libertarian Silicon Valley techies. Proponents see a neat solution to poverty and the challenges of automation; detractors argue it would remove the incentive […]

When U.S. Income Tax Was Illegal

A band of hotshot lawyers from cities across the United States had sought out the plaintiffs to build the perfect case. The cost of litigation would add up to a staggering $ 1 million — quite the sum in 1895. Not to worry, the bill was largely footed by the megarich clients of the law […]

Google futurist and director of engineering: Basic income will spread worldwide by the 2030s

Tech Insider Basic income will be widespread by the 2030s, according to Google futurist and director of engineering Ray Kurzweil. Kurzweil is known for making seemingly wild predictions. In 2016, he predicted that by 2029, medical technology will add an extra year to human life expectancies on an annual basis. “We’re going to have more […]

Heartland Tech Weekly: Tech’s growing obsession with income inequality

Last week, I wrote about Venture for America founder Andrew Yang’s unlikely run for president, with the aim of convincing the general public about the need for universal basic income. Whether or not one agrees that UBI is a necessity in today’s digital economy, the stories highlighted in this week’s Heartland Tech newsletter show that inequality is increasingly becoming […]

Facebook co-founder Chris Hughes wants the richest 1% of Americans to fund a basic income for 90 million people

REUTERS/Adam Hunger Facebook co-founder Chris Hughes wants to provide 90 million Americans with a monthly stipend of $ 500. In a Reddit AMA, he explained that he would want to pay for this by raising taxes on the one percent. He estimates that the program would cost just under $ 300 billion.    Chris Hughes, […]

Heartland Tech Weekly: Universal basic income already has a champion in the 2020 election

Universal basic income got its first endorsement this week from a 2020 presidential candidate (unless you believe the speculation that Mark Zuckerberg is going to run for president). In this week’s Beyond VB section, I included a link to a New York Times profile of Andrew Yang, the founder of Venture for America who is betting […]