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The Basic Income Illusion — NeilW

Summary:
Basic income is a monetary illusion. Here’s how the trick is done and why it always fails....Why the JG is superior to a BI. Basically, a JG increases productivity, offsetting resource use, whereas a BI does not. It's a matter of contribution to the economy — give and take — versus take only.Neil also makes the important point that rights entail corresponding responsibilities and emphasis on rights alone is a perversion of liberalism.  New WaylandThe Basic Income IllusionNeilW

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Basic income is a monetary illusion. Here’s how the trick is done and why it always fails....

Why the JG is superior to a BI. Basically, a JG increases productivity, offsetting resource use, whereas a BI does not. It's a matter of contribution to the economy — give and take — versus take only.

Neil also makes the important point that rights entail corresponding responsibilities and emphasis on rights alone is a perversion of liberalism. 

New Wayland
The Basic Income Illusion
NeilW
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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