An economist warns that "advances in technology and automation are set to wipe out up to half of all jobs in the developed world."

RBS Warns: Sell Everything
A small bit from the article:
Also reason why all corporations should pay a minimum tax and not be able to deduct their way out of paying any taxes or, worse, get a rebate or, worse yet, offshore profits or be able to.
Another good, related article:
The current rout in oil prices has obvious implications for the giant oil firms and all the ancillary businesses — equipment suppliers, drill-rig operators, shipping companies, caterers, and so on — that depend on them for their existence. It also threatens a profound shift in the geopolitical fortunes of the major energy-producing countries. Many of them, including Nigeria, Saudi Arabia, Russia, and Venezuela, are already experiencing economic and political turmoil as a result. (Think of this, for instance, as a boon for the terrorist group Boko Haram as Nigeria shudders under the weight of those falling prices.) The longer such price levels persist, the more devastating the consequences are likely to be.
If anything like or near these "worst case scenarios" take place, governments and corporations the world over may HAVE to give and require a minimum payout to their citizens, just to keep the economic world spinning.
Here's a perfect example and it's from a current article.
If corporations and nations don't give a minimum payout to their citizens, who will be able to buy the products that keep this whole merry go round turning?
The current rout in oil prices has obvious implications for the giant oil firms and all the ancillary businesses — equipment suppliers, drill-rig operators, shipping companies, caterers, and so on — that depend on them for their existence. It also threatens a profound shift in the geopolitical fortunes of the major energy-producing countries. Many of them, including Nigeria, Saudi Arabia, Russia, and Venezuela, are already experiencing economic and political turmoil as a result. (Think of this, for instance, as a boon for the terrorist group Boko Haram as Nigeria shudders under the weight of those falling prices.) The longer such price levels persist, the more devastating the consequences are likely to be.
If anything like or near these "worst case scenarios" take place, governments and corporations the world over may HAVE to give and require a minimum payout to their citizens, just to keep the economic world spinning.
Here's a perfect example and it's from a current article.
Chinese factory replaces 90% of humans
with robots
A nation of more than 1.4 billion people and the companies, the corporations replaced, as the headline shows, the vast majority of the employees with machines.
If corporations and nations don't give a minimum payout to their citizens, who will be able to buy the products that keep this whole merry go round turning?








"I am opposed to millionaires, but it would be dangerous to offer me the position." 





