What’s with the Anti-Welfare Argument: “I can spend my money better than the government”?

Well, sure. If you’re rich you can spend the money that fell into your lap better on YOURSELF than the government would after taxing some of it back from you. Duh!

How does that disqualify taxes or government spending on the poor, though?   Continue reading “What’s with the Anti-Welfare Argument: “I can spend my money better than the government”?”

One man’s wish: Let the people be free!

At the end of this short piece, I share a video that’ been gathering dust in my archives.

It may be rather long and rambling, but the great point Jamarl’s speech ultimately comes down to is: What kind of life do we want to live? He mentions nobody wanting to be a cog in a wheel which is what people end up being in our current human world. So, ask yourself what kind of life do you want to live?   Continue reading “One man’s wish: Let the people be free!”

Understanding Economics is Important for Meaningful and Lasting Change

Here is a recording and written summary of a podcast interview on MMT, budget deficit myths, and a number of economic topics with economist Stephanie Kelton who used to be a chief economist on the US Senate Budget Committee and was an economic adviser to the Bernie 2016 presidential campaign:

First, the iTunes link for those who can use podcast technology (say during a long commute). It’s 1:52 hours long!

It’s also available as a Youtube audio:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Left Out: [FULL EPISODE] Stephanie Kelton on MMT and debunking budget deficit myths”)

 

Summary #1 (with a little added spice from me, of course):  

Continue reading “Understanding Economics is Important for Meaningful and Lasting Change”

Five Economic Reforms Millennials Should Be Fighting For (Rolling Stone)

An extremely good article from 2014, at that, presenting important steps to a bright future (such as a Federal Job Guarantee and Universal Basic Income) with a fitting theme, namely how our current system blows. This is quite short for all the good ideas it presents. Well worth reading, indeed; and so well written I couldn’t add much by commenting. So, without further ado, here is the link for you: Five Economic Reforms Millennials Should Be Fighting For (Rolling Stone Magazine)

~

Ending Note: It takes me at least 100 hours a month to research and write for this site. If you value my work, find out how you can help. 🙂

 

Video Weekend 12-02-2017 (7 Videos)

I really like the story arc of this weekend’s selection of politically educational videos. I am starting with some party politics shining a light on the dog-and-pony show and the dark boardroom deals of our corrupt politicians. Then I have a bunch of illuminating documentaries and discussions about a universal basic income, showing how important our mentality is in finding our way forward. And I finish with an amazing older interview of Richard Wolff which predicted so much of what we are seeing now and addresses the mentality aspect of how we can go from here. Neat. I don’t always manage to find the right videos for a smooth story arc, but this one went pretty well I think. Do you like it?

 

I. Party Politics (fury and fun with Jimmy Dore)

Even life-long republicans see the GOP’s tax scam for what it is:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “More Republicans Denounce Republican Tax Plan“)

 

A rigged democracy is NO democracy:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Progressive Crowd Boos Bill Maher”)

1:38 min : Oh, election rigging is just fine when one of our political parties does it…

8:17 min: So, what are the “Democrats” saying with their Wikileaks and Russia-Russia-Russia yammering? They are saying that if we hadn’t been caught lying, we’d be running the country right now.

9:29 min : Great closing words by Dylan Ratigan.

 

II. UBI

Getting passive income for being a member of the people rather than a member of the private club of the idle rich who get almost all the free money right now:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “What would you do if you never had to worry about money?“)

 

Folks discussing a UBI from different angles:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Basic Income – Our Next Moonshot“)

~20:27 min: A UBI, rather than being a novel populist or socialist/communist idea, in reality tries to realize the ideals of our founding fathers and actually resurrects the land grant we had early in our history.

 

What a UBI can do for people trapped in poverty:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “BASIC INCOME WORKS! “)

 

Another interesting UBI discussion. Things like these must be discussed so we can get them right:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “For and against “Basic Income”“)

13:50–24:30 min: A good response to funding and the idea that the universal part of a UBI is wasteful when some of it goes to people who don’t need it.

Another good point made: mentality matters. If we all (or a huge majority, at least) share the ideals of leaving none of our fellow citizens behind, we are already half-way there.

 

III. Amazing Predictive Interview

To finish, an older one, so prophetic and illuminating:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Dangerous Thoughts: There IS a Tipping Point For Revolution in America: Dr. Richard Wolff”)

~

Ending Note: It takes me at least 100 hours a month to research and write for this site. If you find any value in what I do, please consider becoming a patron and supporting this site with an automatic monthly donation of $1 or more. If you can’t afford this, then don’t, but please share my posts, tell folks about my online course offering, refer others to this site, refer me to paying outlets, partake in discussion, or contribute essays of your own. Thanks. Only together can we change the world. 🙂

UBI and FJG are Baby Steps towards a Great Future

This article uses a speech by Pavlina Tcherneva given during a discussion round as the basis for painting a bigger picture.

This lady from the MMT segment of discourse participants seems to agree with me that a combination of a federal Job Guarantee and a basic income would be best. If I understand her right, she doesn’t want the basic income to be universal, however, for fear of an inflationary affect. Personally, I think the risk of an inflationary affect is smaller than she seems to think, and that measures can be taken against it. Her macroeconomic view is important but shouldn’t be the exclusive angle from which to view corrective socio-economic measures.

Before I go into details, perhaps you may wish to listen to Tcherneva’s speech:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Marrying the Basic Income with the Job Guarantee”)

Continue reading “UBI and FJG are Baby Steps towards a Great Future”

The Federal Job Guarantee — What is it?

What is it? How is it meant to work? The below video summarizes it in a nutshell, and my comments put it in a larger perspective.

Having recently presented the combination of a universal unconditional basic income (citizen’s dividend) and a pay-with-assets economic scheme as a shared assets element of a just economy that would best also use a federal monetization of socially important non-market jobs via a Federal Job Guarantee, it is time to present the FJG:

A note about the video: not to worry, the shrill music only hits you in the beginning and end.

(Note: if the video linked above gets deleted, you may search the Internet for the title: »“The Job Guarantee” featuring Pavlina Tcherneva«)

Discussion:  Continue reading “The Federal Job Guarantee — What is it?”

Video Weekend 11-25-2017 (12 Videos)

Twelve great videos befitting our Thanksgiving week. The first is a report on the current GOP tax scam and the near future our oligarchs are planning for us. Ack! The other 11 videos are thoughts from around the world about the UBI portion of the great future we must fight for. Various angles, differing views… I left out the bogus status-quo-worshipping and economic-evil-justifying claims from disgusting people since I don’t want to spoil anyone’s weekend… luckily I didn’t come across a lot to begin with. Phew! — So, let’s move on to a bunch of thoughtful and uplifting, yes uplifting (except for the 1st one, I suppose), weekend videos.

 

I. The Present Mess:

The future the current lords are planning for us:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Bankers Unwittingly Admit Tax Cuts Don’t Help Workers“)

 

II. Thinking About the Future — Various Views on a UBI

In my “holy trinity” proposition[1][2][3] of a great economic system forming a shared assets economy using these three parts – a universal basic income (inherited citizen’s dividend), an earned (through work) assets dividend, and a public monetization of needed work (federal job guarantee) – the UBI is one of the currently most discussed measures:

Even the rich see sense in a UBI (mostly a safeguard against our pitchforks, for sure):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Why the World’s Richest Say a Universal Basic Income is Good Policy!”)

Continue reading “Video Weekend 11-25-2017 (12 Videos)”

A Beautiful Future (Happy Thanksgiving)

golden-turkey

The beautiful vision of an achievable future, this Thanksgiving, is one that goes beyond merely resisting Trump or the GOP’s tax heist. It even goes far beyond merely installing Medicare for All or getting money out of politics. The beautiful vision for this Thanksgiving is one of a Star-Trek-like economy of the “live long and prosper” mantra, in which we all live lives of plenty.

Contrary to the doubts of many, it is eminently achievable in a modern economy where we overproduce and waste food and things like there was no tomorrow, there being produced enough for everybody’s needs (although many never get it), and where the rapid rise of automation will soon make most human labor unnecessary to produce everything we need and want.   Continue reading “A Beautiful Future (Happy Thanksgiving)”

The Shared Assets Economy – Part 2

happy-economy

Yesterday, I introduced Yanis Varoufakis’ proposal of work compensation via shared assets as a means to end the division between an owner class and a working class. These assets would provide an earned residual income combining perfectly with an inherited Universal Basic Income (UBI) and a Federal Job Guarantee, to create a virtually Utopian society of prosperity for all, a society in which everybody would be financially secure and, if they so wished, could earn a desired raise of their income in a fair and reliable fashion.

In this combination of a quasi-holy trinity, the UBI — which is a citizen’s dividend based on our national economic resources that we all, not just a few plutocrats, deserve to inherit upon our birth — would provide a safe minimum income for everybody, gainfully employed or not, while the asset-based work compensation would provide a raise for those who want more money, and the federal job guarantee would provide paid work opportunities often missing in a purely profit-driven “free” market — as the millions of un- and under-employed wannabe-workers who are desperately looking for properly paid jobs these days clearly show.

Since the article was getting a bit long, I decided to perform further elaborations in a second article, which is the one on hand. Basically, in this article, I want to flesh things out a little more, both the current system and the one we can aim for, and also what we must do to get there.   Continue reading “The Shared Assets Economy – Part 2”