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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: 2) by davester666 on Friday June 03 2016, @08:44AM
They can also see that will offshoring, less and less manufacturing, basically a much smaller middle class [helpfully shifted to the 'poor' class], they really won't have very many people to sell to. So, they figure the best thing is to keep doing all that stuff [make more and more people poor and fewer and fewer people middle class and/or rich], the gov't should just print more money to give to the poor, who will promptly give it to the rich in order to survive.