Tuesday, February 14, 2017

Money Town

Some people never learn:
"We are a laboratory for the Brazilian left," says Washington Quaqua, who introduced the experiment as mayor in December 2015 before stepping down. He was replaced by another candidate from the leftist Workers' Party, Fabiano Horta.

The idea of a universal basic income isn't new, but long-considered as a potential tool for social equality and redistribution of wealth.

The concept has gained traction more recently among high-powered business thinkers, especially in Silicon Valley, as they ponder how society will cope with the ever-expanding role of automation -- a trend some futurists believe may create mass unemployment.

In Marica -- a surviving Workers' Party bastion in increasingly right-leaning Brazil -- the basic income idea fits in well with the leadership's socialist fervor.
And when it doesn't work, they'll gladly shift the blame...

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