Facebook Co-Founder Wants Universal Basic Income

[floridafan]

Obviously the concept of per capita means little to you!

2013?

[Flash]

Love to see your info, 95% of inmates get no trial.

https://thefreethoughtproject.com/du...eceived-trial/

“The reality is that almost no one who is imprisoned in America has gotten a trial,” explains award-winning journalist, Chris Hedges, in a recent Truthdig column. “There is rarely an impartial investigation. A staggering 97 percent of all federal cases and 95 percent of all state felony cases are resolved through plea bargaining.” Of those millions who bargained away their right to a trial by accepting plea deals, “significant percentages of them are innocent.”
https://thesandtrap.com/forums/topic...-plea-bargain/

Yes, I agree with your statement. About 85-95% of all court cases never go to trial. Criminal defendants plead guilt and civil cases are settled out of court. Those defendants plead guilty because if they go to trial they may get a tougher sentence than the plea they are offered; for example, life vs. death penalty. If the case is weak it often gets dismissed before it gets that far (20-25% dismissed). They plead guilty because the state has a strong case against them. They don't have to bargain away their right to a trial--they can always plead not guilty and it will go to trial.

My statement referred to criminal cases that actually go to trial. Most are handled by government appointed attorneys meaning the person was indigent. Defendants with private attorneys and government appointed attorneys had the same conviction rate (4.3%) of all felony cases (70% plead guilty) and 23% dismissed [Source: Bureau of Justice Statistics]

[Flash]

Deeply red southern bible belt states are welfare states and eveyone knows is.

They are also small states with many fewer people on welfare than the large blue states. According to the Census Bureau, California has the highest poverty rate when cost of living is factored in. The red Southern states are also retirement states with a lot of that federal money being Social Security which would follow those retirees to whatever state the live in.

[The Ugly Truth]

This guy has written a book arguing for a Universal Basic Income. I've heard a couple of Libertarians argue on behalf of an UBI before but I've also heard the counter argument that an UBI will fail to instill in a person the pride that comes from getting a job and earning their money. An UBI is not imminent but it is getting discussed more.




Facebook co-founder on his $430 million fortune: 'The only thing we can call it is a lucky break'


Chris Hughes went from living in a small town in North Carolina to attending Harvard on a scholarship. During his freshman year, Hughes met Mark Zuckerberg.
His life changed forever.

Hughes became a co-founder of Facebook with Zuckerberg and made "half a billion dollars for three years of work," according to a February 2018 LinkedIn post by Hughes.

It does not go unnoticed by Hughes, how crazy that is.

"You know, the only thing we can call it is a lucky break," Hughes says of his wealth — $430 million as of December 2016, according to Forbes — on a recent episode of Kara Swisher's Recode Decode podcast.

"I grew up in a little town, Hickory, North Carolina. It's at the foothills of the Appalachian Mountains … I grew up there, my mom was a public school teacher, dad was a traveling paper salesman, but then I got a scholarship to go to a fancy boarding school, Phillips Andover, up in Massachusetts," Hughes says.

"It was there where I lost the accent and then later got a scholarship to go to Harvard and met Mark Zuckerberg, freshman year. We ended up roommates sophomore year, started Facebook in February of 2004, the rocket ship took off and my life changed pretty dramatically," he explains.

Though Zuckerberg famously dropped out of Harvard to pursue Facebook, Hughes graduated. In 2007, Hughes left Facebook to work for then-Senator Barack Obama's first presidential campaign.

More than a decade later, Hughes has become an advocate for universal basic income, a cash payment distributed to everyone irrespective of employment status. He wrote a book promoting the idea, "Fair Shot: Rethinking Inequality and How We Earn," which was published in February 2018.

"I ended up wanting to write the book in order to partially tell my story and be clear that the financial reward that I got from three years' worth of work at Facebook was entirely disproportionate to the time and effort put in," says Hayes.

"I might be extreme but I don't think my case is actually that unusual. A small group of people are getting very, very wealthy while everybody else is struggling to make ends meets," Hughes continues.

Zuckerberg also admitted the inequity of his own wealth in his Harvard commencement speech delivered in May.

"Let's face it. There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't afford to pay off their loans, let alone start a business," Zuckerberg said in his commencement address.

"We all know we don't succeed just by having a good idea or working hard. We succeed by being lucky too. If I had to support my family growing up instead of having time to code, if I didn't know I'd be fine if Facebook didn't work out, I wouldn't be standing here today. If we're honest, we all know how much luck we've had," Zuckerberg said.

Zuckerberg also advocated for new societal structures to encourage individuals to experiment, like cash handouts. "We should explore ideas like universal basic income to give everyone a cushion to try new things," the Zuckerberg said.

Hughes says same system that allowed people like Zuckerberg and him to get rich has also left many working people stranded.

"America has created and supported powerful economic forces—specifically globalization, rapid technological development, and the growth of finance—that have made the rise of Larry Page, Jeff Bezos, and other new billionaires possible," Hughes writes on LinkedIn.

"The companies we built went from dorm room ideas to assets worth hundreds of billions of dollars because America provided the companies with a fertile environment for explosive growth."

However, "The same forces that have given rise to massive companies and concentrated wealth have made it more difficult for working people to benefit from the economic opportunity they expect and deserve," he writes. "Something is profoundly wrong with our economy and in our country, and we have to fix it."

In December 2016, Hughes co-founded theEconomic Security Project, an initiative which aims to increase the visibility of universal basic income as a solution.
Currently, the Economic Security Project is partnered with Stockton, Calif., Mayor Michael Tubbs to institute a cash handout program there, called the the Stockton Economic Empowerment Demonstration (SEED). For the program, 100 residents of Stockton will receive $500 a month for a year and a half. The payments will be distributed by early 2019, according to the SEED website.

Hughes says he is not the only person to have made a lot of money very quickly in tech who is aware of the oddity of their own quick trip to extreme wealth.
"A lot of the people that I talk to are cognizant of a sense of responsibility they have to other people. It's in San Francisco, it's in New York. ... I think that there is a sense, particularly amongst people who have been successful in technology, that the rewards that have come are very much historically unique," says Hughes on Recode Decode.

"We've never lived in a time where 20-year-olds are able to go from zero dollars to hundreds of millions of dollars, billions of dollars, before. Royalty is like the closest thing, hundreds of years ago, and so that is ... I do think that there's a widening sense that something is happening in the economy that makes that possible, and it's happening at the exact same time that everybody else is having a hard time making ends meet."


https://www.cnbc.com/2018/04/20/face...twitter%7Cmain

Are he and Mark going to share their millions with me? Somehow, I doubt it.

[Flash]

Are he and Mark going to share their millions with me? Somehow, I doubt it.

He wants everyone to have enough money for a computer and internet access so they can get on Facebook.

[The Ugly Truth]

He wants everyone to have enough money for a computer and internet access so they can get on Facebook.

LOL! No doubt.

[leaningright]

This guy has written a book arguing for a Universal Basic Income. I've heard a couple of Libertarians argue on behalf of an UBI before but I've also heard the counter argument that an UBI will fail to instill in a person the pride that comes from getting a job and earning their money. An UBI is not imminent but it is getting discussed more.




Facebook co-founder on his $430 million fortune: 'The only thing we can call it is a lucky break'


Chris Hughes went from living in a small town in North Carolina to attending Harvard on a scholarship. During his freshman year, Hughes met Mark Zuckerberg.
His life changed forever.

Hughes became a co-founder of Facebook with Zuckerberg and made "half a billion dollars for three years of work," according to a February 2018 LinkedIn post by Hughes.

It does not go unnoticed by Hughes, how crazy that is.

"You know, the only thing we can call it is a lucky break," Hughes says of his wealth — $430 million as of December 2016, according to Forbes — on a recent episode of Kara Swisher's Recode Decode podcast.

"I grew up in a little town, Hickory, North Carolina. It's at the foothills of the Appalachian Mountains … I grew up there, my mom was a public school teacher, dad was a traveling paper salesman, but then I got a scholarship to go to a fancy boarding school, Phillips Andover, up in Massachusetts," Hughes says.

"It was there where I lost the accent and then later got a scholarship to go to Harvard and met Mark Zuckerberg, freshman year. We ended up roommates sophomore year, started Facebook in February of 2004, the rocket ship took off and my life changed pretty dramatically," he explains.

Though Zuckerberg famously dropped out of Harvard to pursue Facebook, Hughes graduated. In 2007, Hughes left Facebook to work for then-Senator Barack Obama's first presidential campaign.

More than a decade later, Hughes has become an advocate for universal basic income, a cash payment distributed to everyone irrespective of employment status. He wrote a book promoting the idea, "Fair Shot: Rethinking Inequality and How We Earn," which was published in February 2018.

"I ended up wanting to write the book in order to partially tell my story and be clear that the financial reward that I got from three years' worth of work at Facebook was entirely disproportionate to the time and effort put in," says Hayes.

"I might be extreme but I don't think my case is actually that unusual. A small group of people are getting very, very wealthy while everybody else is struggling to make ends meets," Hughes continues.

Zuckerberg also admitted the inequity of his own wealth in his Harvard commencement speech delivered in May.

"Let's face it. There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't afford to pay off their loans, let alone start a business," Zuckerberg said in his commencement address.

"We all know we don't succeed just by having a good idea or working hard. We succeed by being lucky too. If I had to support my family growing up instead of having time to code, if I didn't know I'd be fine if Facebook didn't work out, I wouldn't be standing here today. If we're honest, we all know how much luck we've had," Zuckerberg said.

Zuckerberg also advocated for new societal structures to encourage individuals to experiment, like cash handouts. "We should explore ideas like universal basic income to give everyone a cushion to try new things," the Zuckerberg said.

Hughes says same system that allowed people like Zuckerberg and him to get rich has also left many working people stranded.

"America has created and supported powerful economic forces—specifically globalization, rapid technological development, and the growth of finance—that have made the rise of Larry Page, Jeff Bezos, and other new billionaires possible," Hughes writes on LinkedIn.

"The companies we built went from dorm room ideas to assets worth hundreds of billions of dollars because America provided the companies with a fertile environment for explosive growth."

However, "The same forces that have given rise to massive companies and concentrated wealth have made it more difficult for working people to benefit from the economic opportunity they expect and deserve," he writes. "Something is profoundly wrong with our economy and in our country, and we have to fix it."

In December 2016, Hughes co-founded theEconomic Security Project, an initiative which aims to increase the visibility of universal basic income as a solution.
Currently, the Economic Security Project is partnered with Stockton, Calif., Mayor Michael Tubbs to institute a cash handout program there, called the the Stockton Economic Empowerment Demonstration (SEED). For the program, 100 residents of Stockton will receive $500 a month for a year and a half. The payments will be distributed by early 2019, according to the SEED website.

Hughes says he is not the only person to have made a lot of money very quickly in tech who is aware of the oddity of their own quick trip to extreme wealth.
"A lot of the people that I talk to are cognizant of a sense of responsibility they have to other people. It's in San Francisco, it's in New York. ... I think that there is a sense, particularly amongst people who have been successful in technology, that the rewards that have come are very much historically unique," says Hughes on Recode Decode.

"We've never lived in a time where 20-year-olds are able to go from zero dollars to hundreds of millions of dollars, billions of dollars, before. Royalty is like the closest thing, hundreds of years ago, and so that is ... I do think that there's a widening sense that something is happening in the economy that makes that possible, and it's happening at the exact same time that everybody else is having a hard time making ends meet."


https://www.cnbc.com/2018/04/20/face...twitter%7Cmain

This is just so wrong.

[Truth Detector]

With rare exceptions, if a job can be that easily taken over by a machine, it was already on it's death bed.

Excellent point.

[Truth Detector]

You send it to the plutocrats . That is OK. They are gobbling up money and power and you are happy about that. But it portends a real problem in the future. I know you cannot understand that. It involves thinking and projecting into the future. Hate is so ,now. But the wealthy are not constrained by your lack of knowledge. they are thinking of self preservation. this thread is about billionaires wanting to send them their money. Not mine, not yours.

Thank you Comrade NOTHINGberger.

[Truth Detector]

They are also small states with many fewer people on welfare than the large blue states. According to the Census Bureau, California has the highest poverty rate when cost of living is factored in. The red Southern states are also retirement states with a lot of that federal money being Social Security which would follow those retirees to whatever state the live in.

Spot on; I noticed the idiot on steroids groaned you.

[CFM]

I read the same article as you did, and the references were to 2010, 2018, 2015, and a bit of 2014. Nothing referred to the year 2013 as you originally stated.

Can't do the math or too stupid to understand the truth, boy?