Floyd Marinescu 🔰
@floydmarinescu
@InfoQ & @QCon co-founder, Founder of @UBI_Works, @CommonWealth_ca - Into health, wealth (economics), knowledge of Self.
Many people including CEOs have come to me asking about Sam Altman's UBI pilot. Unlike most critics, we actually read the research. Basic income ended poverty with minimal impact on work beyond single parents. People took risks to find better jobs, retrain & escape abuse. 1/🧵
There's so much talk about taxing away wealth. But by far the #1 source of wealth and poverty in our economy is rising land prices.
It wouldn't come close to actually fixing the biggest problem: housing x.com/floydmarinescu…
Practically none of Canada's housing pundits and politicians are acknowledging the elephant in the room: land. We can tax away every billionaire's net worth and it wouldn't come close to the impact of a land value tax to fix housing and lower taxes on jobs and homes.
There's a HUGE blindspot in the inequality debate The #1 source of wealth is owning homes. The #1 source of poverty is high housing costs. Why do we keep taxing Canadian workers so much more than real estate gains?
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
UBI is making sure you are paid for your contributions to creating the new technologies. These technologies feed off of your data - your work. We all deserve to be paid our part. The technologies are nothing without our input (our collective work).
AI will bring massive abundance It's better to share it
The scary part is that nobody is surprised, and nobody expects the trend to reverse anytime soon This is an important thread🧵
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
Canada's not even on the chart, yet we're one of the most resource-rich nations what are we even doing? Every Canadian should be getting dividends from sovereign wealth funds
Can’t fix housing if the business model is the crisis
The recent housing report by Realosophy President John Pasalis is a masterclass on speaking the truth, when financial & political forces keep most housing 'experts' quiet. "Canada has built an economy where the best way to get rich isn’t to invent, create, or build anything—it’s…
AI will trigger 'most profound restructuring of labor and capital' since 17th Century. — Pete Buttigieg Asked about UBI, he said he wants to "deal the people in on the value being created with intellectual property that the taxpayer paid for, specifically the internet and AI."
Canada: where you get rich by sitting on land, not by building anything
This is shocking but not surprising The purpose of AI is to get more done with less work For businesses, more profit with fewer workers What's scary is there's almost no media coverage The benefits of automation need to be more broadly shared than extractive like this
ngl we're pretty proud of this our supporters have mailed our factsheet and a personal letter to their MP in 15% of Canadian ridings who's ready to join us?
It doesn't get much clearer than this why Land Value Tax is key to fixing the housing crisis Less gain from holding land, more from building. Punish vacant lots and give tax relief to those who use land better, like multi-family housing. (farmland can be exempt from LVT)
@MPelletierCIO an interesting article.
The recent housing report by Realosophy President John Pasalis is a masterclass on speaking the truth, when financial & political forces keep most housing 'experts' quiet. "Canada has built an economy where the best way to get rich isn’t to invent, create, or build anything—it’s…
A must read. ⬇️
The biggest myth about Universal Basic Income is that it’s “redistribution from the productive to the unproductive.” #UBI 🧵