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I Have A Basic Income, Karl Widerquist

Karl Widerquist

In a period of about eight months, I managed to save and invest enough money to get myself a small personal basic income. It was easy—if you get the kind of lucky breaks I got. I’m telling you this story only because it illustrates how much our economic fortunes are determined by luck, how favorably our laws treat people who own stuff (people who have obtained control of natural resources) and how much unearned income is available for redistribution.