Robots and poverty // What is the basic income?
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We need to start thinking as BIG about poverty as we do about self-driving cars and artificial intelligence. The Basic Income is one such idea.
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Robots and poverty // What is the basic income?
- 1. @rosical
- 2. @rosical
- 3. 40% of men in the us are employed as drivers. @rosical
- 4. @rosical
- 5. The solution to poverty is to abolish it directly by a now widely-discussed measure: the guaranteed income. - MLK
- 6. Basic income: give people money, whether or not they work. @rosical
- 7. Taxing the robot owners to support the people they put out of work. –John Aziz @rosical
- 9. @rosical
- 11. Could it actually happen in the US? @rosical
- 12. @rosical
- 13. @rosical + ? housing medical education
- 14. -Milton Friedman
- 16. @rosical
Notes de l'éditeur
- All of you have seen graphics like this, showing wealth inequality in the US. Here you can see that 1% of the population owns about 40% of the wealth, and it’s only going to get worse…
- Artificial intelligence and advanced manufacturing are bringing about revolution that is changing the nature of work.
- Take one example of self-drivng cars, which will be safer and will save lives – but will put millions of truck and taxi drivers out of work. What are we going to do about this? The answer is NOT to stop innovating…
- …and it’s not to throw our hands up in the air and say let us eat cake. Instead we need to start thinking BIG about new solutions to poverty.
- One of the biggest thinker on poverty is MLK. Before he died, he said he thought the solution to poverty is to abolish it directly … with the guaranteed income.
- The idea is simple, obvious, and crazy. And boils down to this: just give people money, whether or not they work.
- Described another way, by economics writer John Aziz, the basic income is taxing the robot owners to support the people they put out of work. (and that’s a much more loveable robot revolution, right?).
- There have already been small tests of the basic income in the US, India, Africa, and in 2011 It was tested in in Manitoba – which, according to Google, is a very big place in Canada (lol). Results have generally been positive.
- Other countries are taking the idea seriously too. in 2016, Switzerland is scheduled to vote on the basic income.
- And it’s been all over the press, from CNN to Fox News and in a TED talk by NYC Venture Capitalist Albert Wenger.
- Could it ever happen in the US? Probably not anytime soon. But one thing it has going for it, is that it has bipartisan support.
- Liberals like it because it promotes quality – by giving everyone a better chance at making it in our society regardless of their background. It creates a permanent layer of security for everyone.
- Some liberals don’t like it though, thinking instead think we should focus on in-kind programs that give services, like housing, medical care, and education.
- On the other hand, conservatives like that it cuts down on government bureaucracy. Instead of having so many different poverty programs, like welfare and unemployment, all with different qualifications and overhead -- we could take that money and use it to cover a single payment that goes to everyone - and would be enough to cover the basics of life. Nobel prize winning conservative economist Milton Friedman supported the basic income in the form of a negative income tax and said it would help poor people by giving them money, which is what they need.
- Negative income Tax continued
- The conservative concern is that it might make people lazy and crash the economy – but that might not matter so much with the robot revolution coming anyway.
- Why do I care about all of this? I spend my time thinking about new solutions to poverty. Which is why I started a tech company called HandUp. HandUp let’s you donate directly to homeless people and other people in need in your community. You can check it out at handup.org.
- We’re thinking BIG about how we can use new technology to fight poverty.. And because of this work, I know first hand that there’s so much more that needs to be done.
- This is the future (lol). Notice that this future is high tech, but it’s also free from poverty. We need to start thinking as BIG and radically about poverty as we do about self driving cars and artificial intelligence.
- The basic income is one such big idea – and we need to start taking these ideas seriously if we are going to create the kind of future that we all want to live in. Thank you.