This is for India in case anyone was wondering. It’s in a “World” sub and the headline doesn’t state the county either.
UBI
what's that? ik it is universal basic income but don't know what it actually means
It means get rid of the ultra rich, and you can establish a baseline of income / stability for everyone. Its an extremely small group of people who couldn’t exist without the 99% being poor / working our asses off no matter how much productivity and technology has advanced
Everyone gets a set amount, like $10k.
$10k helps people only making $35k annually a lot more than people making $500k, and those people making $500k are paying a lot more in taxes.
It’s wealth redistribution and it will need to happen as automation begins to impact the middle-class a lot more.
Or the upper class spend that money on building bigger walls.
If there was a country ripe for a revolution, this would be it.
Americans: "Only 40%? Those are rookie numbers..."
These numbers are a little misleading. Debt is included, the bottom 20% have negative wealth. A person in the 21 percentile has more wealth that the bottom 45% combined.
What percentage of the nation's guillotines are owned and operated by the rich?
Wow. Not too shocking.
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