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Showing posts with the label Milton Friedman

UBI is Still Gaining Traction

UBI (universal basic income) is gaining traction in the U.S. and worldwide. Support for a UBI is no longer the working person’s dream, but economists and finance writers are now writing in favor of redistributing the wealth in a fair way. Naysayers will always be against a UBI because they’re blabbering the ultra wealthy’s rhetoric, ignoring that a UBI keeps the capitalist system thriving while creating jobs to fill the spending by the people. Capitalism is driven by 76 percent of the majority of people, who actually spend their money instead of hoarding it. Capitalists say because they create something or take risks with other people’s money they should be able to hang onto all of their wealth, but what they fail to admit to is if they didn’t have people’s money to speculate with or the average person didn’t buy their products, they wouldn’t have their wealth. The UBI concept was dubbed “helicopter money” by the GOP financial guru Milton Friedman some 50 years ago when he said putti...

History Sides With UBI

Time to look at what a $3,000 a month universal basic income (UBI) would do. People would still work, maybe go back to school to improve upon their skills, which would make them a better employee, or maybe some would even start their own business. Some would even take a vacation and spend money to supporting the local economy, spend time with their families or volunteer as a firefighter-first responder, kids sports like Little League or Pop Warner teams, or get involved in local politics, like school or water or fire boards. These are just a few of the things people could do if they had a little extra cash from a UBI. At this time, we have 41 million Americans living below the poverty level. This would end poverty and poverty wages. Wages would go up because people would be spending more, which would mean more jobs to replace the products bought. The UBI idea is not new. The concept was started in England’s Tudor period (1485-1603) basically that every person was to receive a guara...

Gig Work & The IWW

With the Trump election, we here in the U.S. must brace ourselves for privatization of our security and government services. Also, there will be a huge push in union busting activities and we will see more states pushing right-to-work laws, which will smash unions by reducing union dues. We are seeing this in Australia, Britain, Greece, and Israel. These trends are now driving violations of labor laws, which is responsible for underpaying workers, and now Israel has the highest poverty level among developed nations, and it has the highest level of inequality among children. Privatization is the fastest path to the bottom of the economic ladder. The model set by President Ronald Reagan and Britain’s Prime Minister Margaret Thatcher, who both followed the hardline economist and privatization nutcase Milton Friedman, who has been one of the ones who have widened the inequality gap here in the U.S. and the world over. With the Trump election, we will see privatization and wars on ster...

A Brief Look at How We Got Here

How did we get here and where are we headed? To understand this, one must go back to the year of 1651 to provide an account of political development of Europe and North America. A historian, Samuel Finer, left behind the history of government from the earliest times in a 1,701 page book, which went through the Liberal Revolution of the late 198th and 19th centuries that replaced the Patronage system with Meritocratic and a smaller government. Then the Fabian Revolution in the early 20th century created the modern welfare state. Margaret Thatcher and Ronald Reagan changed this government style to market/corporate-oriented governance. Each revolution tried to answer a basic question: what is a state for? Regarding liberty, in 1859 John Stuart Mill argued that the state was to prevent people from doing harm to others, which did some good, but as he grew older he became troubled by some profound questions. The questions mainly had to do with the persistence of poverty. Mill then wrote Mil...

Putting Workers First

The best chance for wage slaves to prevail in their fight for higher wages can be found in the tireless work of two women: Kshama Sawant in Seattle, WA, and Marilule Wili in Switzerland. Sawant is a Seattle city council member and Wili is a waitress and musician and a member of the organization, Generation Basic Income, an activist group trying to persuade voters to amend Switzerland’s Constitution to guarantee every citizen a yearly income of $33,000 a year whether they work or not. They have gotten the necessary 100,000 signatures to place the initiative on the ballot to put it before the country’s voters. The vote will be in two or three years. Philosophically, the idea of equality has a long history drawing support from the likes of the English/American revolutionary Thomas Paine and economist Milton Friedman. The best minimum wages are in Denmark, which gives its poorest citizens $1,800 a month; enough to keep their citizens out of poverty. This all can be financially feasible by...