Founder @ubiworks.bsky.social | advocate for basic income and sharing common wealth
Into health, wealth (economics), knowledge of Self.
floydmarinescu.com
Even those who own lots of land could agree with that basic principle. In exchange, everyone's equity from work and productivity would grow.
Even those who own lots of land could agree with that basic principle. In exchange, everyone's equity from work and productivity would grow.
Just another adverse incentive in our property system that LVT addresses.
Just another adverse incentive in our property system that LVT addresses.
We're already seeing increasing reports of companies firing, or not hiring, because of AI.
We all know what's coming. All paths to a bright future lead to UBI.
We're already seeing increasing reports of companies firing, or not hiring, because of AI.
We all know what's coming. All paths to a bright future lead to UBI.
“Millions of jobs will be eliminated. This is not science fiction. It’s already happening.”
The UBI movement has been saying this for years.
“Millions of jobs will be eliminated. This is not science fiction. It’s already happening.”
The UBI movement has been saying this for years.
It can begin to fix incentives in a housing market to chase land gains and bid up prices.
It can begin to fix incentives in a housing market to chase land gains and bid up prices.
We can reasonably anticipate these trends will continue. What can we do?
We can reasonably anticipate these trends will continue. What can we do?
Labour share of income declining thanks to technology
Labour share of income declining thanks to technology
The Great Decoupling: Productivity vs. Wages
The Great Decoupling: Productivity vs. Wages
- GDP vs. wages
- Labour productivity vs. wages
- and now job openings vs. market performance
All are accelerated by automation 🧵
- GDP vs. wages
- Labour productivity vs. wages
- and now job openings vs. market performance
All are accelerated by automation 🧵
That's a vision that can lead us to a Star Trek instead of a Star Wars future, where progress benefits everyone, not just whoever bought everything up first.
That's a vision that can lead us to a Star Trek instead of a Star Wars future, where progress benefits everyone, not just whoever bought everything up first.
In other words, the main driver of capital's growing income share is housing. Which is majority land value.
In other words, the main driver of capital's growing income share is housing. Which is majority land value.
However, it could be designed to target luxury properties, the wealthiest owners, or a 'landlord's tax' on income-generating investments.
However, it could be designed to target luxury properties, the wealthiest owners, or a 'landlord's tax' on income-generating investments.
Not all wealth is the same. Stocks, gold, or yachts don't affect your cost of living.
Land does—we all need it to live. No other wealth tax will restore affordability.
This debate needs an update 🧵
Not all wealth is the same. Stocks, gold, or yachts don't affect your cost of living.
Land does—we all need it to live. No other wealth tax will restore affordability.
This debate needs an update 🧵
Billionaire Nicolas Berggruen says it's how we tackle inequality and give citizens a stake in a nation's success.
"As opposed to taxing the robots, why not own the robots?"
Billionaire Nicolas Berggruen says it's how we tackle inequality and give citizens a stake in a nation's success.
"As opposed to taxing the robots, why not own the robots?"
The bottom tends to make money working, the top from owning things
AI will only widen the gap, it's the natural trajectory of our economy
It's why universal basic income and universal basic capital are getting serious interest
The bottom tends to make money working, the top from owning things
AI will only widen the gap, it's the natural trajectory of our economy
It's why universal basic income and universal basic capital are getting serious interest
That's why we'll never solve poverty unless we tax and broadly share the rent of land.
That's why we'll never solve poverty unless we tax and broadly share the rent of land.