The UBI already exists for the 1%

I’m starting to now track the idea of a basic income with its own dedicated collection: the Universal Basic Income Collection. đŸ™‚

To kick it off, here’s a good one:

Don’t like Basic Income because pay should be tied to work? This article might change your mind.

In 2015, according to PSZ, the richest 1% of people in America received 20.2% of all the income in the nation. Ten points of that 20.2% came from equity income, net interest, housing rents, and the capital component of mixed income. Which is to say, 10% of all national income is paid out to the 1% as capital income. Let me reiterate: 1 in 10 dollars of income produced in this country is paid out to the richest 1% without them having to work for it.

Oh, and if you want to know how we generate this massive passive income for the 1%, read this:

https://www.the-vital-edge.com/stock-market-concentration-of-wealth/

#basicincome #UBI

https://medium.com/@MattBruenig/the-ubi-already-exists-for-the-1-d3a49fad0580#.1jjbm0hcq
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