Tweet arguing taxes hit work most and calling for a land value tax instead of taxing labor and capital.
We're taxing what people do earn from work MORE than what people don't earn from land.
It's the opposite of what we should do and what's driving the housing crisis and poverty.
Jens Stoltenberg beside quote on Norway taxing oil profits, arguing natural resource rents belong in common to the people.
Norway's sovereign wealth fund reflects a shared belief that the value of nature is something owned in common.
It's time Canadians shared this mindset of safeguarding, not squandering, our natural resource wealth.
Post by Ken Yang: Chart shows corporate profits rising since 1980 while labor compensation share declines.
The only real answer is UBI as a dividend to citizens as shareholders
i hope we dont have to prove this many more times before anyone decides maybe its actually true.
UBI is the collective bargaining of the AI economy.
It’s no longer workers against employers -- it’s humans against machines.
And none of those jobs will be available elsewhere, as AI takes them all.
UBI, NOW!
#Canada
If I had UBI, I'd still be working at my old retail job
I only left cuz I was paid shit & the bosses thought they could treat me like shit, too.
With UBI, bosses need to make their company a good place to work cuz there's nothing keeping people there.
UBI is a freedom dividend making everyone a shareholder in our economy
Humanoids are already in our factories and it's only going to ramp up from here.
In the 90s-2000s, globalization and automation displaced millions in manufacturing, including my dad and uncle whose incomes never recovered. The impact of humanoids is going to be way bigger.
Vendasta cuts 20 jobs in Saskatoon as the company pivots to AI, per CTV News
"Statistics Canada estimates about 60 per cent of Canadian workers are in jobs highly exposed to AI-related transformation."
Vinod Khosla says AI will require rethink of capitalism, because more and more wealth will go to capital and not labour
Suggested ending income tax on workers and exemption on capital gains
He's also pro-UBI
"How do we help the at-risk youth with housing?!"
"Well these programs where they just give them money with no strings attached while they get things together seems to help."
"....If only there were a way. Let's do more research."
Superhuman robot *swaps own battery to work 24/7* - already deployed in factories today
No job is safe
We can have UBI and free humans from drudgery to seek higher pursuits
"Across the UK, up to 3m low-skilled jobs in trades, machine operations and admin roles could disappear by 2035 because of automation and AI"
Could Canada experience the same? Many CEOs are calling for UBI.
"we have a moral, social and economic duty to act" - London Mayor
The Late, Great Progressive Conservative Senator Hugh Segal
He was a staunch champion of UBI because it's pro-freedom, pro-worker, and pro-markets.
Here are his last 2 speeches, recorded at our Toronto rallies in 2021-22
https://youtu.be/8hx0Lwe6fSI
This is the Don't Look Up moment for AI
"technology that might do to the workforce what an asteroid did to the dinosaurs"
"There's no shortage of ideas about what to do... [UBI], benefits that don't depend on employers, lifelong retraining, a shorter workweek."
Thanks for the share! It's up on website without the pay wall now: www.gensqueeze.ca/globe_mail_b...
"Wealthy on paper, but poorer as a society. That is the paradox of Canada’s housing market."
www.thestar.com/opinion/cont...
Why have babies when you can pay rent instead
"National Bureau of Economic Research, which found that a $10,000 increase in house prices leads to a 2.4 per cent decrease in the fertility rate of nonhomeowners."
www.thestar.com/opinion/cont...
Vinod Khosla (Stripe, DoorDash, Sun Microsystems) wants to stop taxing workers, in a future where machines do most of the work
More and more wealth will concentrate in land and capital. The best wealth tax is a land tax, because land can't move and it's the #1 cost of living.
He's pro-UBI
Screenshot of Globe and Mail article titled “Building more homes alone won’t fix affordability” by Paul Kershaw
One of the few very visible Canadians shedding light on the hard truth about housing.
UBC's Dr. Paul Kershaw, founder of Generation Squeeze
"We cannot reward housing speculation with tax breaks without expecting home values to outpace local earnings."
Torontonians are also selling blood plasma to make ends meet. People are desperate.
The extra income boosted the local economy, cut crime, and replaced predatory payday loans.
UBI has the same proven benefits without needing to sell your body. It's obvious what we need to do.
JP Morgan CEO Jamie Dimon said mass AI job automation will cause civil unrest
"you can't layoff 2,000,000 truckers tomorrow"
Hints at UBI (income assistance)
Said even his company will have fewer workers
✨ Bottom Line: Guaranteed income isn’t a work disincentive — it functions as real employment infrastructure, giving people the financial stability to seek better work, invest in skills, and participate more fully in the labor market.
💡 A fresh brief from @economicsecurityproject.org shows what the evidence is actually telling us about guaranteed income (GI) and work — and it debunks common myths with real data from California’s pilots:
economicsecurityproject.org/resource/gua...
The next Einstein is out there. The first person to walk on Mars is out there. But we're all so busy trying to survive paycheck to paycheck that we'll never know, and these amazing people will instead live miniaturized, frustrated, and short lives.
This is about UBI.
When you push for universal basic income, remember: NO means testing. Whatever reason you have that blank shouldn’t have it, forget it. UNIVERSAL. Don’t give a micron in advance.
Yep. UBI is one of my big ones if I'm entirely honest, people just no longer being made to join a coercive work force.
US economy analysis: If AI makes human labor obsolete, who decides who gets to eat? — Eduardo Porter
If only there was a way to distribute the gains of AI broadly... 🤔
love seeing influencers boosting UBI
