The Right Road to Basic Income

I’m glad to see formal economic work being done on tech deflation. We have all understood that, beyond early ideas of a basic minimum income as a more open and equitable replacement for welfare programs, true basic income will result from full automation. This has been, for me at least, driven by the need to disconnect employment from basic living income as jobs disappear. The difficulty here is how to redefine governmental income redistribution after decades of concerted effort to protect the holders of vast wealth. need to look at how tech deflation is presented but that points toward a logical economic force that explains the lagging recovery and failure of zero or negative interest.

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Educator, CIO, retired entrepreneur, grandfather with occasional fits of humor in the midst of disaster. . .

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