Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.
And not only was there no progress regarding universal income, but basically all productivity increases of the last decades went directly and mostly untaxed to the top. All while wages (and social and health contributions, lots of taxes and sometimes even pensions linked to them) are stagnating.
So we are not only doing nothing to account for that issue, we are in fact already moving in the wrong direction for quite some time. And we are already reaching the point were a lot of Western countries are now loudly telling the fairy tale of how demographics are the problem that makes existing system unsustainable, when in reality the blatant transfer of economic output to the upper 0.X% is the issue.
And not only was there no progress regarding universal income, but basically all productivity increases of the last decades went directly and mostly untaxed to the top. All while wages (and social and health contributions, lots of taxes and sometimes even pensions linked to them) are stagnating.
So we are not only doing nothing to account for that issue, we are in fact already moving in the wrong direction for quite some time. And we are already reaching the point were a lot of Western countries are now loudly telling the fairy tale of how demographics are the problem that makes existing system unsustainable, when in reality the blatant transfer of economic output to the upper 0.X% is the issue.