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posted by
martyb
on Thursday June 02 2016, @08:52AM
from the What-would-YOU-do-with-a-basic-income? dept.
from the What-would-YOU-do-with-a-basic-income? dept.
The highly-anticipated experiment with basic income from Silicon Valley finance firm Y Combinator appears to be making good progress. The company has chosen Elizabeth Rhodes as the project's Research Director, opting for the little-known PHD graduate over applications from tenured professors working at Oxford and Harvard universities. Oakland, California is where the basic income research will happen: the community has been chosen for its close proximity to Y Combinator's head office, and the much-reported wealth divide in the locality.
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The Basic Income Experiment by Y Combinator Draws Nearer
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(Score: 3, Insightful) by Anonymous Coward on Friday June 03 2016, @02:20AM
Yes. I like to go further and not call it Basic Income but Social Dividend. If you view society as a whole as a corporation that transforms productivity into wealth and goods, society, as shareholders so to speak, are entitled to receive dividend. It isn't socialism and not at all communism. I'd say it's honest and fair capitalism. The way capitalism should be.