4,000 jobs cut out of 10,000 directly attributed to AI. Stock price soared. UBI is inevitable.
South Korea county gave everyone UBI - regardless of age, income, or assets - in their local currency Muju Love Gift Certificates ('Muju Sarang'π«°)
"we expect this to offer practical help to the lives of residents and also serve as a catalyst to reinvigorate the local economy"
"People won't work if you give cash."
The evidence keeps piling up: guaranteed income increases employment and improves job quality.
In CA pilots, fullβtime jobs rose up to 2x vs control; higherβquality jobs 3x.
JUST IN: Conservatives and Liberals work together to make Basic Income happen in PEI.
"Poverty is a policy choice. Let's choose a different policy."
GBI can cost 5% of what poverty costs, with virtually 0 work impact. PEI's Progressive Conservative leadership has been for it.
Amazing
π©
BC's property assessment was designed so we could tax land rents more, and productivity less.
It's the best place to do it with the best available data.
The cost of housing comes mostly from land values, which are shaped by the work society does around it. It's fair for that value to be shared with the larger society that created it.
Imagine working full-time to barely make rent and the house makes more than you (it's taxed less than you too)
bsky.app/profile/did:...
Jobs and livelihoods in every sector are getting wiped out from job automation. Policymakers are beginning to pay attention.
BREAKING: Canada suffers worst job loss since 2022, when economists were expecting a job GAIN
- Canada lost net 84K jobs in one month, pushing unemployment to 6.7%
- Youth unemployment surges to 14%
When labour is at risk, we should stop taxing work. Tax AI and fund UBI.
TikTok parent ByteDance rocked the world with their new video model, Seedance 2.0
This is a 100% generated fight scene
AI will unlock massive opportunity for creators, builders, and businesses -- but destroy earning potential for others along the way. Let's get serious on UBI.
work to thrive, not to survive
Let's make it even better: shift income taxes to land. It's by far the biggest source of wealth and poverty, and the thing we all need to live.
bsky.app/profile/floy...
1/2 of your labour goes to using land
1/4 of your labour goes to the government
How about we tax land instead of hard work?
100%. In a word: deflation
[BREAKING:] Andrew Yang says we should stop taxing workers, and tax AI instead. That can fund UBI.
"We should try to stop taxing labor."
"What we've seen in the past decade is the largest transfer of wealth from the public to the private sector since the province was founded."
β Paul Finch, President of BC General Employees' Union
Tax the land.
The most influential UBI advocates are generally unanimous that it should be paid as a dividend from public assets β like natural resources and social wealth funds.
From Bernie's AI Report
Real wages have *dropped* $30/week
His recommendations:
- 32-hour workweeks with no pay loss
- Employee stock ownership, employees on boards
- Robot tax
- Guaranteed income: family/medical leave, seniors
- Ban stock buybacks
We're taxing what people do earn from work MORE than what people don't earn from land.
It's the opposite of what we should do and what's driving the housing crisis and poverty.
Norway's sovereign wealth fund reflects a shared belief that the value of nature is something owned in common.
It's time Canadians shared this mindset of safeguarding, not squandering, our natural resource wealth.
The only real answer is UBI as a dividend to citizens as shareholders
i hope we dont have to prove this many more times before anyone decides maybe its actually true.
UBI is the collective bargaining of the AI economy.
Itβs no longer workers against employers -- itβs humans against machines.
And none of those jobs will be available elsewhere, as AI takes them all.
UBI, NOW!
#Canada
If I had UBI, I'd still be working at my old retail job
I only left cuz I was paid shit & the bosses thought they could treat me like shit, too.
With UBI, bosses need to make their company a good place to work cuz there's nothing keeping people there.
UBI is a freedom dividend making everyone a shareholder in our economy
Humanoids are already in our factories and it's only going to ramp up from here.
In the 90s-2000s, globalization and automation displaced millions in manufacturing, including my dad and uncle whose incomes never recovered. The impact of humanoids is going to be way bigger.