Universal Basic Income

I’m aware the topics I’ve been posting on have been very wonkish and policy-orientated recently. I’ll do something less serious next time, but I thought I’d give my take on an increasingly popular idea amongst economics. Also be warned, the post is necessarily lengthy.  Perhaps the most glaring contradiction of present-day ‘late’ capitalism is the …

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The under-taxation of tech companies and online retailers

As a general rule, I don’t believe in high taxes. Partly because I believe they make economies less vibrant by discouraging investment and reducing disposable income. But also because of the principle that people, for the most part, have a right to keep what they have earned. Governments should only take what is necessary to …

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Why do we still change our clocks in Autumn and Spring?

In the 19th century, the railroad connected people across distances so great that time zones needed to be implemented to align rail schedules. In the 20th century, the aeroplane eliminated all time zones, at least for pilots and airport personnel. Time is about coordination. Some people think that daylight saving time (DST) nowadays does more …

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The end of liberal democracy and humanism? (Part 2)

Continued. from yesterday: Writer Huval Noah Harari sees three broad directions for humankind: 1. Humans will lose their economic and military usefulness, and the economic system will stop attaching much value to them. 2. The system will still find value in humans collectively but not in unique individuals. 3. The system will, however, find value …

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