Money For Free – The Basic Income

Suppose we give everyone in the Netherlands a basic income, without conditions. Is the basic income (money for free) too good to be true? VPRO Backlight explores the possibilities of the basic income, also called universal basic income. Suppose we give everyone in the Netherlands a basic income, without conditions. Free money sounds too good to be true? Now we know that some of the existing jobs will disappear due to robotisation and algorithms, and that the current system of benefits and surcharges is too complex and accusatory and fraud sensitive, isn’t the basic income at least worth investigating?

Money For Free

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Money For Free – The Basic Income – 2014 VPRO Documentary

[REITs]

Q3 hedge fund letters, conference, scoops etc

Transcript

Would not it be nice if we all got a basic income without any conditions.

Free money.

Because the world is changing rapidly and our jobs are increasingly being taken over by robots and smart software. How are we going to make our money then. How are we going to buy things. Do not collapse our economic system. High time to think about a whole new social model, a basic income (money for free) for everyone can provide the solution for a new economic system. This is what awaits you.

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And you know, because you can now also go to institutions in Bobby Womack Jasmin Saidi. Welcome to the possibility of a basic income.

Exist at the beginning of a whole new time. The Second Machine one. In which not everyone can count on a permanent job anymore. And in which robots will take over a large part of our tasks. The economist Eric Johnson of the Massachusetts Institute of Technology. Predicts in his book The Second Machine that we are at the beginning of a major revolution when it comes to the relationship between labor and capital and the way in which we look at the concept of work in the future.

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About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and three kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own 2.5 grams of Gold