Tag Archives: free

Facebook Co-Founder: Tax The Rich 50

 … to give $500-a-month free cash and fix income inequality.

Facebook co-founder Chris Hughes thinks the government should give cash handouts to people with the lowest incomes in order to fight income inequality. And he thinks the money should come from higher taxes on wealthy individuals and even big tech companies, like Facebook.

Hughes, 34, was one of Facebook’s co-founders, along with Mark Zuckerberg and three of their Harvard classmates, in 2004. He was Facebook’s spokesperson for the company’s first three years, before leaving to finish his Harvard degree and then to work on Barack Obama’s 2008 presidential campaign as a media strategist.

He says he's made "half a billion dollars for three years of work" based on the value of his initial stock in Facebook, and his "lucky break" is exactly what's wrong with America today.

“That is indicative of a fundamental unfairness in our economy. Income inequality in our country has not been this bad since the Great Depression. And even though we’re reading the headlines that unemployment is at 3.9 percent and the stock market is at record highs, what’s actually happening is that the median incomes in our country haven’t budged in nearly 40 years. At the same time stories like mine create an illusion of economic opportunity," he told Techcrunch contributors Adriana Stan and Tom Goodwin on their "Interesting People in Interesting Times" podcast.

Mark Zuckerberg: Alaska's cash handout program "provides some good lessons for the rest of the country" from CNBC.

Hughes, author of “Fair Shot: Rethinking Inequality and How We Earn," is not necessarily a believer in the idea of universal basic income (UBI) — championed by entrepreneur Andrew Yang and also supported by billionaires such as Richard Branson and even Facebook’s Zuckerberg — which would see a standard cash payment handed out to all citizens no matter their employment status. UBI “is infeasible in America today,” Hughes explained on the podcast, because making payments to everyone in the U.S. is an “unaffordable” proposition.

Pay close attention to this in particular, as it pertains to the current state of affairs with respect to privacy and security or personal data and Facebook:

Hughes also proposed further changes to the U.S. tax code that could generate enough money to guarantee an income floor for working Americans. “You could tax data and distribute a check to everybody,” he said, which would see the government tax companies on the data they collect from customers, which is often sold to third parties such as marketers and advertisers.

For more information, and the rest of the article: http://hive.pe/z0

TP

Another Creative Blockchain Rewards Concept

Demistifying Blockchain with Free Coffee App

Kudos for thinking outside the box! The possibilities for blockchain = ENDLESS! Another example of rewarding people to learn.

Gowling WLG has launched a new incentives scheme designed to introduce staff to the basics of blockchain technology while also offering them tokens for free drinks. The 'Gowling WLG Reward Token Scheme' scheme, which launched this week, enables employees to exchange tokens on a blockchain platform, which can be cashed in for hot drinks at the firm’s onsite restaurants in London and Birmingham. 

All UK-based Gowling WLG employees have been invited to download an app onto their mobile phones, register with the firm’s blockchain platform, and set up a digital ‘wallet’ in which the tokens are held. Before employees can start trading tokens, they are required to watch a two-minute introductory video on blockchain technology, after which they will earn two tokens, which they can exchange for a drink or anonymously gift to colleagues. The firm believes blockchain technology will play a key role in the UK's professional and commercial future and wants to ensure staff are up to speed with the basics of a subject that has attracted much attention but remains a mystery to many. The scheme has been led by corporate partner David Brennan, the co-chair of Gowling WLG's tech group. Gowling WLG architecture and innovation head Jody Jansen added the scheme was about showing staff that, while the tech might seem difficult and inaccessible, "using it isn't". Take-up of the scheme has been strong, with 200 employees across both the City and Midlands bases already registered – a trend which Jansen expects to continue. "In addition to our existing reward schemes, we wanted an instant reward scheme, where rewards can be made not just up-to-down, but upwards too – a 360-degree reward scheme. "On Monday, we held a lunch-learn session, and it's been a hit topic. People have been asking questions, and now it is all much more visual to them." 

For further information: https://finance.yahoo.com/news/gowling-wlg-aims-demistify-blockchain-113056780.html

TP