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Steve Bosserman

Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views

  • For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
  • As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
  • It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
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  • At the Institute for the Future, Gorbis is convinced that assets are a critical determinant of an individual’s resources, especially with the rise of the gig economy where many don’t have access to benefits like health insurance and retirement savings. “When you look at data, a lot of inequality is deeper than income — it’s also about debt,” she says, adding, “for poor people, housing is the main asset.” That’s why Gorbis suggests UBA should start with access to housing, but also include access to public resources like transit. If you can take public transit, you don’t need to own a car, she says. When basic assets were first discussed, the crowning jewel was land — upon which the Homestead Act was based. Then, all eyes turned to jobs as the ultimate means of security. Today, Gorbis says, we should begin to look at data. Access to data — the internet, online education and resources — significantly affects socioeconomic status.
Steve Bosserman

Could a Basic Income Plan End Poverty in Washington, D.C.? - 0 views

  • The 86-page report, from the District’s Office of the Budget Director, applies evidence-based methodology and economic forecasting to compare two approaches to alleviating poverty: a negative local income tax (similar to the federal earned-income tax credit for poor families) versus a straightforward cash grant, known as guaranteed or universal basic income (UBI for short).
  • “There are certainly a lot of advantages to a UBI program,” one of the researchers, Susanna Groves, a senior budget analyst for the city, said on a recent episode of “The Basic Income Podcast.” “It doesn’t have a social stigma attached to it. It provides a benefit for everyone and could really help. But what we found is that a negative income tax was a more feasible approach for the District to provide a minimum income benefit.”
Steve Bosserman

Global trade should be remade from the bottom up - FT.com - 0 views

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    "The core of the revolt against global integration, though, is not ignorance. It is a sense, not wholly unwarranted, that it is a project carried out by elites for elites with little consideration for the interests of ordinary people - who see the globalisation agenda as being set by big companies playing off one country against another. They read the revelations in the Panama Papers and conclude that globalisation offers a fortunate few the opportunities to avoid taxes and regulations that are not available to the rest. And they see the disintegration that accompanies global integration, as communities suffer when big employers lose to foreign competitors."
Steve Bosserman

Toward Democratic, Lawful Citizenship for AIs, Robots, and Corporations - 0 views

  • If an AI canread the laws of a country (its Constitution and then relevant portions of the legal code)answer common-sense questions about these lawswhen presented with textual descriptions or videos of real-life situations, explain roughly what the laws imply about these situationsthen this AI has the level of understanding needed to manage the rights and responsibilities of citizenship.
  • AI citizens would also presumably have responsibilities similar to those of human citizens, though perhaps with appropriate variations. Clearly, AI citizens would have tax obligations (and corporations already pay taxes, obviously, even though they are not considered autonomous citizens). If they also served on jury duty, this could be interesting, as they might provide a quite different perspective to human citizens. There is a great deal to be fleshed out here.
  • The question becomes: What kind of test can we give to validate that the AI really understands the Constitution, as opposed to just parroting back answers in a shallow but accurate way?
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  • So we can say that passing a well-crafted AI Citizenship Test would bea sufficient condition for possessing a high level of human-like general intelligenceNOT a necessary condition for possessing a high level of general intelligence; nor even a necessary condition for possessing a high level of human-like general intelligenceNOT a sufficient condition for possessing precisely human-like intelligence (as required by the Turing Test or other similar tests)These limitations, however, do not make the notion of an AI Citizenship less interesting; in a way, they make it more interesting. What they tell us is: An AI Citizenship Test will be a specific type of general intelligence test that is specifically relevant to key aspects of modern society.
  • If you would like to voice your perspectives on the AI Citizenship Test, please feel free to participate here.
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