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ubiworks.bsky.social
AI is coming — and the labor market will feel it. Fed Vice Chair Michael Barr warns disruption is inevitable — but policies like UBI, income supports, and retraining can help people adapt.
February 25, 2025 at 12:27 AM
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pickardje.bsky.social
letter to the FT
this letter to the FT says: Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/ab358521-8d7e-424a-92c7-349155b08e79 Far from “protecting the family farm”, as claimed by Tom Bradshaw, president of the National Farmers’ Union (Opinion, FT.com, November 5), the inheritance tax loophole on farmland, introduced in 1984, simply pushed up the price of land without improving returns to active farmers. This is because, like most agricultural subsidies, the value of the relief was capitalised into land values. As tax planners cottoned on to its role as a licence to avoid IHT, they advised their super-rich clients to buy land and take advantage of it. In the 20 years to 2012, the price of farmland increased fourfold. This turned landowning farmers into millionaires but — especially since land represents a cost of production — did no good to the incomes of food producers. It created impoverished millionaires who claimed a need for more support. At the same time, because more expensive land had to be squeezed even harder for the last drop of revenue, the environmental damage caused by intensive agriculture was made worse. Taking at least some of this tax loophole away will do no harm to family farmers but will help both public revenues and the environment. Just a shame the relief was not wholly abolished. Paul Cheshire Emeritus Professor of Economic Geography London School of Economics, London N7, UK
November 12, 2024 at 7:09 PM
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scottsantens.com
The path to truly equal opportunity begins with a level playing field. Unconditional basic income provides this, ensuring every individual can meet their basic Maslow's pyramid needs. It's not a silver bullet for all societal ills - but it is an essential part of the solution.
February 10, 2024 at 2:07 PM
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scottsantens.com
We worry about providing Universal Basic Income because people might stop working, but here's a thought: maybe, just maybe, with a little financial security, people might actually pursue work they truly choose rather than work to just not die. Imagine that world for a moment.
March 11, 2024 at 1:23 PM