Jeff Atwood

Thank goodness someone is finally standing up for us temporarily embarrassed billionaires

TechCrunch

An AI startup founder says he's planning a 'March for Billionaires' in protest of California's wealth tax | TechCrunch

The organizer of the event swears it's not a joke.

If RGMII and GiveDirectly / OpenResearch can deliver 90+ cents on the dollar to those most in need via a means test (200% FPL), we create a benchmark that makes the government’s 70-cent efficiency look indefensible.

I'm starting to understand why the two words "means testing" are so triggering over on Reddit: The "Means-Testing Industrial Complex": Private contractors like Deloitte and Equifax make billions running the eligibility systems for Medicaid and SNAP. The Profit Incentive: In the business world, efficiency means "profit." For these contractors, complexity is profitable. The more complicated the eligibility rules, the more expensive the software and verification services they can sell to the state.

"Final Answer: Your GMI idea at the 200% level is improbable if funded solely by billionaire taxes. However, a GMI targeted at the 100% poverty line is completely financially viable if we actually enforced the tax code and enacted a wealth tax. We could end official poverty tomorrow; we just choose not to." 🤔

"When you empower a couple, you allow them to build a family. When you empower families, you allow them to build a community. When you guarantee a fundamental minimum income, you’re providing a foundation for those connections between us to grow and thrive, and that is the incredible power and value of community that we will unlock. That is what we’re investing in. Each other."

Rural Guaranteed Minimum Income Initiative • RGMII

Welcome to RGMII

Hello, and welcome to the Rural Guaranteed Minimum Income Initiative! What RGMII is an effort to provide a Guaranteed Minimum Income to folks in...