Tag Archives: automation

Chinese New Year: an uncertain future for Taipei’s street markets

Taipei Street Market

A hot and noisy (熱鬧/rènào) atmosphere in my local neighborhood street markets this morning as people made their last-minute purchases in preparation for this evening’s Chinese New Year Eve feast. Plenty of fresh and succulent meat, fish, vegetables, and fruit to choose from in the busy stalls!

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Robots and taxes: how to fund the universal basic income?

One of the most daunting challenges of introducing a Universal Basic Income is figuring out how to fund it. If millions of people are going to be thrown out of work by automation and AI, government budgets will already be hit by the double-whammy of a precipitous decline in tax revenues caused by a dramatic rise in unemployment combined with a huge increase in expenditures to cover the resulting additional welfare costs. Where would the money come from to fund such a significant new initiative at the same time? Continue reading Robots and taxes: how to fund the universal basic income?