Absolute power does corrupt, and those who seek it must be suspect and must be opposed. Their mistaken course stems from false notions of equality. Equality, rightly understood leads to liberty and to the emancipation of creative differences. Wrongly understood it leads first to conformity and then to despotism. Barry Goldwater
An example of the dangers of a government provided basic income
In my post ‘Governments and Basic Income: Why they don’t go together’ I discussed the dangers of relying on a basic income provided by the government. Specifically I mentioned the following: If every individual’s universal right to life isn’t respected (in the broadest sense possible) then no amount of free money will be able to save them from abuse. Read more ⟶
Governments and Basic Income: Why they don’t go together
Scott Santens published another excellent article a few days ago on basic income titled “True Freedom Comes With Basic Income.” As the title already gives away, the article is about how a basic income can help to give people more freedom in their daily lives. Santens argues very convincingly, with real world examples, that having an unconditional basic income will give people more freedom to refuse to make choices that they ... Read more ⟶
Why poor people make bad decisions
People like to blame the poor for the situation they find themselves in. I come across this quite often, and this really shows how uninformed people still are and how simplistic they think. Read more ⟶
Why I never want to get rich
I never want to get rich. In fact, I think that if you’re rich you should be ashamed of yourself. And not only should you be ashamed of yourself, but you should also be very worried about the kind of person you’ve likely become. When I mention to people that I never want to get rich, I always get a reaction of surprise from them, followed by the question of why not. Read more ⟶
Nick Hanauer: You’re missing the point on inequality
Billionaire Nick Hanauer published an article recently on Politico warning his fellow “filthy rich Americans” that “the pitchforks are coming.” In his article, Hanauer discussed the inequality in America that’s getting worse every day: At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. Read more ⟶
An Unconditional Income for Everyone
I saw an interesting article on Business Insider today about a proposal that is being considered in Switzerland to implement an unconditional basic income for everyone living there: Recently, there has been a spate of popular initiatives designed to curb inequality in the country. Read more ⟶
Why the poor get poorer and the rich get richer
Looking at the image of the global wealth pyramid above, it’s sickening to realize what it actually means. As mentioned on Business Insider: […] it shows how 32 million people, representing 0.7% of the world’s adult, population control $98.7 trillion or about 41% of the world’s wealth. Read more ⟶