Universal Basic Income is Capitalism 2.0 | TimJRobinson

Even better, forget the $300 number and mandate that it has to increase at a rate pegged to GDP growth. Maybe fix the start date at 2020, and then in year X, one third of the difference between year X GDP and 2020 GDP must be given out as basic income. In theory you should be able to get a UBI of $10,000 per person in a few decades without making a... See more

UBI should not be just about survival or consumer spending. Instead, it should be seen as a catalyst for driving technological change. A kind of long-form state support could shore up social cohesion and lead to better governance. That would have a halo effect.

People are more likely to participate in the technological transition positively if they... See more

the best way to improve capitalism is to enable everyone to benefit from it directly as an equity owner.

The divide between those who do and don’t own capital is an important driver of widening wealth inequality [50]. Forms of accessible co-ownership could be an antidote to chronic wage stagnation and anxieties about job-replacing automation.