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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 […]
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 […]
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, […]
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 […]
Enlarge / Amazon Go from the outside. (credit: Sam Machkovech) The fact that Amazon made lots of money in 2017, both in the full year and its fiscal fourth quarter, may not surprise anybody who keeps tabs on the retailer/cloud services provider/video streamer/drone operator. But the newsworthy thing about its latest quarterly financial report (.PDF), […]
SOMERLEYTONHALL Fritton Lake on Somerleyton Hall estate in Suffolk has welcomed tourists for more than 100 years But what could be more exciting than having your own holiday hideaway that earns you money? Holiday lodge parks are sprouting up all around Britain’s coast, often replacing caravan parks, but a new generation of holiday providers is […]
Mayor Michael Tubbs, from Stockton, California, announced last October the launch of a basic income experiment in his home city. The 27-year-old mayor wants to show Stockton can become a cutting-edge city as it recovers from its 2012 bankruptcy. Tubbs first learned about basic income in college, reading Dr. Martin Luther King Jr., and he […]
Thomson Reuters There’s a major gender component to global inequality: most of the world’s extreme-poor are women, and most uber-wealthy individuals are men, a new Oxfam report shows. Around 82% of all wealth generated in the last year went to the top 1%. The richest 1% hold more wealth than the whole of the rest […]
Andrew Burton/Getty Images Markets may not see a repeat of last year’s strong returns on risky assets like stocks. Meanwhile, the yields on high-quality assets like Treasurys are historically low. For alternative sources of income, investors can use dividend growers and Master Limited Partnerships (MLPs), according to Morgan Stanley Wealth Management. 2017 was a spectacular […]
Andrew Burton/Getty Images Markets may not see a repeat of last year’s strong returns on risky assets like stocks. Meanwhile, the yields on high-quality assets like Treasurys are historically low. For alternative sources of income, investors can use dividend growers and Master Limited Partnerships (MLPs), according to Morgan Stanley Wealth Management. 2017 was a spectacular […]
