Monday, April 08, 2019

A Truly Global Universal Basic Income

The global GDP stands at around 90 trillion dollars. The total wealth in the world stands at 280 trillion. There are eight billion people in the world.


If you were to install a Universal Basic Income for every person on earth of $100 per month, the cost comes to 800 billion dollars per month or almost 10 trillion per year. That is not a small sum. A 3% wealth tax would pay for it. Considering much of that 10 trillion would be spent, that would lead to a rise in GDP, wealth and income. The rich might harvest it all back. So the 3% tax would be a great investment.

But this would require a world government, a biometric ID for everyone on earth, fast broadband everywhere on earth, and universal access to digital money.

The US should also follow Modi's lead and announce demonetization. That would bankrupt numerous illicit organizations.

This 3% wealth tax is of existential importance. Too much inequality is like climate change. It will lead to collapse.


at No comments:
Labels: , , ,

Sunday, April 07, 2019

विपक्ष की अहं भुमिका कन्हैया कुमार अकेले अदा कर रहे हैं

लोकतंत्र में विपक्ष की अहं भुमिका होती है और इस चुनाव में वो रोल कन्हैया कुमार अकेले अदा कर रहे हैं। बेगुसराय तो वो जित जाएंगे। और चुँकि वो अकेले हैं तो इसका मतलब निकलता है कि मोदी फिर से सत्ता में आएंगे। लेकिन चुनाव के बाद कन्हैया देशव्यापी दौड़ाहे पर जाते है कि नहीं, संगठन विस्तार करते हैं कि नहीं, इससे बहुत फर्क पड़ सकता है। भारत में कन्हैया का चुनाव जितना अमरिका में पिछले साल अलेक्सांद्रिया ओकाजिओ कोर्टेज का चुनाव जितने जैसा हो सकता है। चुनाव मोदी जित जाएँ लेकिन मीडिया कन्हैया के वाहवाही में लग जाए, ऐसी नौबत आ सकती है।


at No comments:
Labels: , , , , , , , , ,

New Political And Economic Paradigms For The Age Of Abundance

Right now I am thinking Kamala Harris for President, Beto for Vice President, Tulsi Gabbard for UN Ambassador, and Andrew Yang for Secretary of Labor with the mandate to implement the Universal Basic Income. And AOC as the campaigner to reach the 18-28 crowd in the Fall of 2020, with Pete accompanying.

The young Florida Republican who is championing a Green Real Deal is an ally. He is emphasizing the tech entrepreneurship aspects of the Green Deal, which will be at least 70% of the Green Deal, if you think about it. Perhaps the Green New Deal and the Green Real Deal need to be fused to create a Green Deal.

But people who are really, truly falling behind are academics. Politicians go shopping. It is academics who are to theorize new ideas. Politicians shop among those ideas.

The bad news is not that robots and AI will be capable of numerous jobs. That ought to be good news. But that abundance absent new political and economic paradigms will give rise to mass slavery like in The Hunger Games.

The inequality in America has to be talked in the same vein as climate change. Both are existential threats.

Andrew Yang is blowing Silicon Valley-style fresh air into the political discourse. But he is too apologetic. The Universal Basic Income money does not have to be a fiscal move. It needs to be a monetary move, a quantitative easing for the people. Pass a new law that says the Fed is now also responsible for administering the UBI.

If all educational material can be online and free, why is the cost of education not dropping dramatically?

True, you can not bring all eight billion people to America. But who needs to? What is America but an idea? Once there is fast broadband every spot on earth, land or ocean, that opens up a new paradigm. Biometric ID is more powerful than a US social security number. Digital money is more convenient than $100 bills.

The UBI should truly be universal. Give every human being on earth a biometric ID, and give everyone a UBI of $100 a month to start with, paid for by their data wells. All data any company gathers on any individual is owned by the individual. Commercialization of that data pays for the UBI, to start at $100 a month and then to go upwards.

It is obvious you need a world government. America does not want immigrants. But America will also stand in the way of a true world government. You can not have it both ways.

I am for taxing the rich. I am for a wealth tax.

But the bigger problem is how money gets parked in tax havens. Trillions of dollars are idling in the tax havens of the world. And the tax havens exist for the simple reason that a world government does not exist.

Digital money is very different from physical money. It is as different as steam is from water. Digital money asks for a rethink on the fundamentals of finance. Couple digital money with the Blockchain and now finance asks for physics like thorough thinking.

But then the spiritual is supreme. Enormous rises in productivity will simply lead to enormous rises in chaos if the spiritual is not at the center. The 40,000 Christian denominations need to talk to one another and put out the scriptural fires and become one conglomeration in terms of organization and reach out to the other faiths. If you dig deep enough you will realize that all major faiths are pointing towards the same ladder to paradise.

The Democrats running for president are a formidable bunch.


at No comments:
Labels: , , , , , , ,
Subscribe to: Posts (Atom)