#7: The colossal problem with universal basic income

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  • Big Think’s #7 most popular video of 2019 features Douglas Rushkoff, who says universal basic income is a band-aid solution that will not solve wealth inequality.
  • Funneling money to the 99% perpetuates their roles as consumers, pumping money straight back up to the 1% at the top of the pyramid.
  • Rushkoff suggests universal basic assets instead, so that the people at the bottom of the pyramid can own some means of production and participate in the profits of mega-rich companies.

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