As Our Jobs Are Automated, Some Say We'll Need a Guaranteed Basic Income
&quot;Take an IPhone - you find a variety of technologies - each one was created by some government grant... The collective production of wealth, which is then privately appropriated.. it&#x27;s very easy to start thinking of basic income as a dividend that goes to the collective that was responsible for collectively producting the wealth.&quot;<p>&quot;We need to create a system whereby society stakes a claim to the returns to aggregate capital, and this claim becomes an income stream that goes to everyone. I don&#x27;t see why my children and your children have a right to a trust fund [or] why Paris Hilton has a right to a trust fund, when nobody else does, or very few people do.<p>Think of basic income as a trust fund for all our children - to be financed by dividends from our aggregate capital, which was after all, created collectively.&quot;<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=B1eOVU61mZE&amp;feature=youtu.be&amp;t=11m12s" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=B1eOVU61mZE&amp;feature=youtu.be...</a><p>- Varoufakis