Reflecting on Basic Income
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Wall Street Uses "Liberal" Front Group to Lead Its Assault on Social Security

Here are key excerpts from their web site identifying their board.
• John L. Vogelstein

Mr. Vogelstein is the Chairman of New Providence Asset Management, LLC and Senior Advisor to Warburg Pincus, LLC. [He co-managed that huge private equity firm.]
• Bernard L. Schwartz

Mr. Schwartz is Chairman and CEO of BLS Investments, LLC.
• David Heller

Mr. Heller … was … the Global Head of Equity Trading for Goldman Sachs.
• Georgette Bennett

Dr. Bennett—an award-winning sociologist, criminologist, and journalist…. [Yeah criminologists!]
• William D. Budinger

William D. “Bill” Budinger is the founder of Rodel, Inc., where he served for 33 years as its chairman and CEO. [Rodel manufactured semi-conductors.]
• David A. Coulter

Mr. Coulter serves as Managing Director and Senior Advisor at Warburg Pincus, focusing on the firm’s financial services practice.

Mr. Coulter retired in September 2005 as vice chairman of J.P. Morgan & Chase Co. He previously served as Executive Chairman of its investment bank, asset and wealth management, and private equity business.
• Jonathan Cowan

Prior to co-founding Third Way, Mr. Cowan founded and ran Americans for Gun Safety…. In 1992, he co-founded Lead…or Leave, which became the nation’s leading Generation X advocacy group. [He lobbied to protect “second amendment rights” to bear arms and led a Pete Peterson inspired group urging “Gen X” members to unravel the safety net.]
• Lewis Cullman

Mr. Cullman was the Founder and President of Cullman Ventures, Inc., a diversified corporation that included the At-A-Glance group, which manufactures and markets diaries….
• William M. Daley

William Daley served as President Obama’s Chief of Staff from January 2011 until January 2012.
Prior to his Chief of Staff role, he was Vice Chairman … of … JPMorgan Chase, from 2004 until 2011.
As Special Counsel to President Clinton in 1993, Daley coordinated the successful campaign to pass the North American Free Trade Agreement (NAFTA).

He was co-chair of the US Chamber of Commerce Center for Capital Markets Competitiveness. [This is code for deregulation of finance.]
• John Dyson

Mr. Dyson is Chairman of Millbrook Capital Management, Inc. (MCM), a private investment firm.
• Robert Dyson

Mr. Dyson … is Chairman and CEO of the Dyson-Kissner-Moran Corp., a privately owned, diversified investment holding company….
• Andrew Feldstein

Andrew Feldstein is the CEO and Chief Investment Officer of BlueMountain Capital Management….
Prior to co-founding BlueMountain in 2003, Mr. Feldstein spent over a decade at JPMorgan where he was a Managing Director and served as Head of Structured Credit; Head of High Yield Sales, Trading and Research; and Head of Global Credit Portfolio. [“High yield” is a euphemism for junk bonds.]
• Brian Frank

Mr. Frank is a Director and Portfolio Manager at MSD Capital, L.P., the private investment firm founded by Michael Dell.
• Michael B. Goldberg

Mr. Goldberg joined Kelso & Company in 1991 as a Partner and Managing Director. [Private equity.]
• Peter A. Joseph

Mr. Joseph has been in the private equity investment business for over twenty years….
• Derek Kaufman

Derek Kaufman is Head of Global Fixed Income at Citadel LLC. He is a member of Citadel’s Portfolio Committee.
Prior to joining Citadel in 2008, Mr. Kaufman was a Managing Director at JPMorgan Chase….
• Derek Kirkland

Mr. Kirkland is a Managing Director and Co-Head of the Global Financial Institutions Group at Morgan Stanley’s Financial Institutions Group in Investment Banking.
• Ronald A. Klain

Ronald A. “Ron” Klain is President of Case Holdings, and General Counsel of Revolution LLC. [Case is an investment fund for the holdings of AOL’s founder.]
• Thurgood Marshall, Jr.

Mr. Marshall is a partner at Bingham McCutchen LLP, and a Principal of Bingham Consulting Group. Mr. Marshall counsels and devises strategies for advancing clients’ interests before Congress, the executive branch and independent regulatory agencies. [He is a lobbyist for a firm best known for representing financial firms.]
• Susan McCue

Ms. McCue is President of Message-Global, LLC, a strategic communications and public affairs firm she founded in January 2008 to advance progressive campaigns, activism and issue advocacy in the U.S. and globally.
• Herbert Miller

Mr. Miller, former CEO and Chairman of The Mills Corporation, one of America’s most innovative and successful mall developers and managers, founded Western Development Corporation (WDC) in 1967 and serves as its Chairman, Chief Executive Officer and Principal Stockholder.
• Michael Novogratz

Mr. Novogratz has been President and Director of Fortress Investment Group LLC….. Prior to joining Fortress, Mr. Novogratz spent 11 years at Goldman Sachs….
• Andrew Parmentier

Mr. Parmentier is a Founding and Managing Partner of Height Analytics. He and fellow Managing Partner John Akridge formed the company in January 2009. He has worked in the financial services industry since 1997….
• Kirk Radke

Recognized internationally as one of the top private equity attorneys during his 28 year career at Kirkland & Ellis….
Among professional activities, Mr. Radke is Co-Chair & Organizer of the International Bar Association Private Equity Symposium, Founder of the Private Equity General Counsel Network, Founder of Legal Series and Co-Founder of the Private Equity Law Firm Roundtable.
• Howard Rossman

Dr. Rossman is a President and Founder of Mesirow Advanced Strategies, Inc. and a Vice Chairman of its parent, Mesirow Financial Holdings Inc. He is responsible for all aspects of fund management, including manager due diligence, strategy analysis and asset allocation.
• Tim Sweeney

Mr. Sweeney has been President and CEO of the Denver-based Gill Foundation since October 2007. For more than 30 years, he has worked to advance equality for all people regardless of sexual orientation or gender expression.
• Ted Trimpa

Mr. Trimpa is a partner with the international law firm, Hogan Lovells LLP.
• Barbara Manfrey Vogelstein

She has over 24 years of experience in venture capital and specialized equity investing. [S]he was a Partner of Warburg Pincus, one of the world’s largest private equity firms.
• Joseph Zimlich

Mr. Zimlich is the Chief Executive Officer of Bohemian Companies, a group of family-owned real estate and private equity holdings.

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Reflecting on Basic Income
Our current economic world order is dying. To make sure lots of people don;'t die along with it a basic income has become critical. Without basic income there won't be anything resembling "civilization" on this planet 50 years from now.
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It's time to take 'free money' seriously | The New Daily

It's time to take 'free money' seriously | The New Daily | Reflecting on Basic Income | Scoop.it
Universal Basic Income, the idea that every citizen be granted a regular unconditional base wage, is rapidly pushing itself into mainstream politics.
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Universal Basic Income as an Alternative to Higher Minimum Wages — Steemit

Universal Basic Income as an Alternative to Higher Minimum Wages — Steemit | Reflecting on Basic Income | Scoop.it
Are minimum wage laws necessary after universal basic income is implemented? Below is the full audio (with text) of… by scottsantens
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Robots are the Ripple Effect of a Higher Minimum Wage

Robots are the Ripple Effect of a Higher Minimum Wage | Reflecting on Basic Income | Scoop.it
A new study published Tuesday by the NBER found that for every $1 minimum wage increase, the economy loses 0.43 percent of jobs that can b
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Universal Basic Income Needed to Break 'Addiction to Economic Growth Killing Us'

Universal Basic Income Needed to Break 'Addiction to Economic Growth Killing Us' | Reflecting on Basic Income | Scoop.it
Anthropologist Jason Hickel presents basic income as part of strategy of "planned de-growth," which will "increase human well-being and happiness while reducing our economic footprint."
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You're not imagining it: the rich really are hoarding economic growth

You're not imagining it: the rich really are hoarding economic growth | Reflecting on Basic Income | Scoop.it
Some of the most complete data on inequality ever is here, and it's staggering.
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The Moral Question of Using Unconditional Basic Income to Refuse Employment — Steemit

The Moral Question of Using Unconditional Basic Income to Refuse Employment — Steemit | Reflecting on Basic Income | Scoop.it
For Those Who Believe a Basic Income Would Be Morally Wrong You obviously have very strong feelings of morality, and… by scottsantens
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Universal Basic Income Is About Trust and Decency

Universal Basic Income Is About Trust and Decency | Reflecting on Basic Income | Scoop.it
Adopting a universal basic income requires experiments in building trust.
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How To Fix Poverty: Why Not Just Give People Money?

How To Fix Poverty: Why Not Just Give People Money? | Reflecting on Basic Income | Scoop.it
Forget food aid, cows and job training. An unprecedented 12-year experiment in Kenya tests the power of cash.
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How welfare's work requirements can deepen and prolong poverty: Rose's story

How welfare's work requirements can deepen and prolong poverty: Rose's story | Reflecting on Basic Income | Scoop.it
Only very low-income Americans who are working or looking for work are eligible for federal, time-limited welfare dollars. This restriction doesn't always help them get back on their feet.
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Automation in the workplace influenced the election of Donald Trump, says new Oxford Martin School research

Automation in the workplace influenced the election of Donald Trump, says new Oxford Martin School research | Reflecting on Basic Income | Scoop.it
A new research paper from the Oxford Martin Programme on Technology and Employment provides the first evidence that automation played a major role in voters' concerns in the 2016 US Presidential Election.

The paper, Political Machinery: Automation Anxiety and the 2016 U.S. Presidential Election, authored by Dr Carl Benedikt Frey, Dr Thor Berger and Dr Chinchih Chen, all of the Oxford Martin Programme on Technology and Employment, looked at whether groups in the labour marke
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Universal Basic Income & Robots: How Technocrats will Sedate Millions of Jobless People

Universal Basic Income & Robots: How Technocrats will Sedate Millions of Jobless People | Reflecting on Basic Income | Scoop.it
Technocrats are calling for a Universal Basic Income for all when robots and thinking machines take over our jobs. Are these billionaires following Jesus’ path or leaning on their own selfish agenda?
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Billionaire Richard Branson weighs in on the idea of free cash handouts

Billionaire Richard Branson weighs in on the idea of free cash handouts | Reflecting on Basic Income | Scoop.it
First Elon Musk and Mark Zuckerberg supported the idea, now the iconic entrepreneur shares his thoughts.
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China: The State Council has issued its first ArtificiaI Intelligence development plan | Basic Income News

China: The State Council has issued its first ArtificiaI Intelligence development plan | Basic Income News | Reflecting on Basic Income | Scoop.it
The State Council of China released an Artificial Intelligence (AI) development plan on July 20, 2017, which aims to build a domestic industry worth almost $150 billion and positioning the country to become the world leader in AI by 2030. There are three steps in the plan. By 2020, the Chinese government expects its companies and research facilities to be
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Ep 7.1: Universal Basic Income - An Idea Whose Time Has Come

Stream Ep 7.1: Universal Basic Income - An Idea Whose Time Has Come by Upstream from desktop or your mobile device
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More and More Americans Prefer Not Working to Taking the Stingy Wages Employers Offer

More and More Americans Prefer Not Working to Taking the Stingy Wages Employers Offer | Reflecting on Basic Income | Scoop.it
They’re going Galt!
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What's the cost of universal basic income? A better question is what's the cost of not having it. — Steemit

What's the cost of universal basic income? A better question is what's the cost of not having it. — Steemit | Reflecting on Basic Income | Scoop.it
(This is an excerpt from my article titled " How We Can Transform America’s Broken Economic System to Work for… by scottsantens
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What If Government Just Gave Everyone Cash, No Strings Attached?

What If Government Just Gave Everyone Cash, No Strings Attached? | Reflecting on Basic Income | Scoop.it
The radical idea of a universal basic income is far from new, but it's finally being tested around the world -- even in America.
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Our Broken Economy, in One Simple Chart

Our Broken Economy, in One Simple Chart | Reflecting on Basic Income | Scoop.it
This chart captures the rise in inequality better than any other chart that I’ve seen.
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It’s Time to Shift the Economy into Fourth Gear Capitalism with Basic Income

It’s Time to Shift the Economy into Fourth Gear Capitalism with Basic Income | Reflecting on Basic Income | Scoop.it
The economy is in between gears right now, and that’s a growing problem because as is true with all higher gears, we could be accomplishing so much more with so much less and prosperity could be…
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Automate Nearly Anything with Universal Robots - Nanalyze

Automate Nearly Anything with Universal Robots - Nanalyze | Reflecting on Basic Income | Scoop.it
A company called Universal Robots is building "cobots" that will work for $15 an hour. These robots are filling factory jobs that nobody else wants to fill.
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Mayoral candidate Ingrid Lafleur proposes a universal basic income for Detroit

Mayoral candidate Ingrid Lafleur proposes a universal basic income for Detroit | Reflecting on Basic Income | Scoop.it
Write-in mayoral candidate Ingrid LaFleur recently announced her plan of action at the campaign office. It was her last co-creation session before the primary.
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How A.I. Will Deliver Universal Basic Income, Better Jobs, and Kinder Corporations | Joscha Bach

Read more at BigThink.com: http://bigthink.com/videos/joscha-bach-how-ai-will-reinvent-money-jobs-and-civics Follow Big Think here: YouTube
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Why capitalism needs socialism to survive

Why capitalism needs socialism to survive | Reflecting on Basic Income | Scoop.it
A top Peter Thiel adviser on the failures of the billionaire class.
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