Silicon Valley Pushes the Wrong Kind of Basic Income

Submitted by lasalle on
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bloomberg.com (10.08.2017) ' People and nations don't have to accept a future in which a small group of companies -- and, let's face it, successful tech firms are a small, oligopolistic group -- controls the fruits of what they call progress. It's up to them to tax and regulate the monopolies and oligopolies. The opaque digital advertising business, for example, is under-regulated and possibly based on false claims about audience sizes. Killing U.S. tech's notorious tax avoidance schemes and making sure they pay like everybody else might make it much easier to fund Universal Basic Income (UBI) schemes.'

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Old_Global Challenges
Digital Economy Topical Cluster
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