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Give Workers 10,000 Pound To Survive Automation, British Top Think Tank Suggests (huffingtonpost.co.uk)
Britons should be able to bid for 10,000 pound (roughly $14,000) to help them prosper amid huge changes to their working lives, a leading think tank suggests today. From a report: The Royal Society for the Arts (RSA) has released research proposing a radical new sovereign wealth fund, which would be invested to make a profit like similar public funds in Norway. The returns from the fund would be used to build a pot of money, to which working-age adults under-55 would apply to receive a grant in the coming decade.
People would have to set out how they intend to put the five-figure payouts to good use, for example, by using the cash to undergo re-training, to start a new business, or to combine work with the care of elderly or sick relatives. It would be funded like the student grant system and wealthier individuals could be required to pay back more in tax as their earnings increase. Ultimately, the RSA paper suggests, the wealth fund would finance a Universal Basic Income (UBI) as the world of modern work is turned upside down by increased automation, new technology and an ageing population.
People would have to set out how they intend to put the five-figure payouts to good use, for example, by using the cash to undergo re-training, to start a new business, or to combine work with the care of elderly or sick relatives. It would be funded like the student grant system and wealthier individuals could be required to pay back more in tax as their earnings increase. Ultimately, the RSA paper suggests, the wealth fund would finance a Universal Basic Income (UBI) as the world of modern work is turned upside down by increased automation, new technology and an ageing population.
LOL
They're expert at thinking how to suck more from the government teat.
"I don't know, therefore Aliens" Wafflebox1
"Arts" in English refers to science and engineering too. That meaning is less common today but the RSA was founded in the 1750s. In fact it's full name is the "Royal Society for the encouragement of Arts, Manufactures and Commerce."
They should be popular with the Slashdot crowd, having previously worked on projects like re-thinking intellectual property rights from first principals. Their membership includes Tim Berners-Lee and Steven Hawking.
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
funny you use the word democracy then go on to describe a socialist system that completely removes a persons democratic rights. In the end someone has to pay, if it is the government then it is tax payers. perhaps you could take some basic economics courses before spouting off on topics you don't understand. The state has a social obligation to provide the basics of education, it has no obligation nor should it have to provide anything more.