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Showing posts from August, 2021

UBI Is a Win-Win

The net worth of the top 1 percent is $41.52 trillion while the net worth of the bottom 50 percent is $2.62 trillion. This is a good reason for a universal basic income (UBI) of $2,000 a month for all 18 years and older. Consider that the Walmart chain still costs the taxpayers $904,000 a year in entitlement benefits, such as food stamps and medical coverage. Universities abolished tenure and now pay adjunct professors below poverty wages. The universities hold food drives for the workers it is underpaying. Professor Margaret Mary Vojtko, battling ovarian cancer, worked for 25 years as an adjunct and died in abject poverty on wages of less than $10,000 a year. Just look at the explosion in the payday lenders and pawn shops. Corporations do not hire, they just use non-paying internships. Ours is an economy of survival, and at this time the people, when presented with options, will chose food over violence, but for how much longer? The way to pay for the UBI is by charging rent for all o