Caitlin Johnstone

About Caitlin Johnstone

Caitlin Johnstone is a Melbourne-based journalist who specialises in American politics, finance and foreign affairs. You can find her on Twitter at @caitoz Her website at Or on Patreon at Her new book ' Woke: A Field Guide for Utopia Preppers' is now available on Amazon at:

If America implements a universal basic income, the working class will be short-changed

A universal basic income may seem like a win for the common man, however, it’s worth noting that billionaires in support of the plan are interested in their ends, not ours.



Americans are discussing the possibility of a universal basic income (UBI) more seriously than ever before, largely due to the surprisingly popular campaign of Democratic presidential candidate Andrew Yang. Yang has made UBI the central issue of his platform, promising a “Freedom Dividend” paid for by a Value Added Tax on businesses which would give every American over the age of 18 an unconditional $1,000 a month to help offset the looming crisis of automation replacing US jobs.

“In the next 12 years, 1 out of 3 American workers are at risk of losing their jobs to new technologies — and unlike with previous waves of automation, this time new jobs will not appear quickly enough in large enough numbers to make up for it,” Yang’s campaign site argues. “To avoid an unprecedented crisis, we’re going to have to find a new solution, unlike anything we’ve done before. It all begins with the Freedom Dividend, a universal basic income for all American adults, no strings attached — a foundation on which a stable, prosperous, and just society can be built.”

Yang is absolutely correct that automation is going to be replacing the jobs of many people in the very near future, and he is absolutely correct that new solutions unlike anything ever tried before are going to be necessary to help address this problem. But his plan, and indeed all the most publicised plans which involve the implementation of a universal basic income, will necessarily lead to an oppressive oligarchic dystopia unlike anything we’ve ever seen before.

Do you know who supports the implementation of a UBI besides Andrew Yang? Billionaires. Lots of billionaires, especially the new money tech billionaires who are positioning themselves to inherit the earth in the transition to a new paradigm dominated by automation and artificial intelligence. Billionaires like Jeff BezosPierre OmidyarMark ZuckerbergJack DorseyElon MuskRichard BransonBill GrossTim Draper, and more moderately Bill Gates have all been seen advocating for a policy that is now being popularized as one which would level the economic playing field and take power away from the billionaire class.

Now why would that be? Why would a group of people who’ve clawed their way up to positions of immense wealth control, enabling them to live as modern-day kings, be so eager to suddenly give away that power? Why would they break with the trend we’ve consistently observed in rulers since the dawn of recorded history and voluntarily relinquish the power they fought to claim without a fight? Are billionaires just naturally good people inherently predisposed to compassionate action and wealth redistribution? Have we been wrong about Jeff Bezos being a real-life supervillain this entire time?

Of course not. This increasingly powerful class of new money tech plutocrats are not pushing to give power away, they’re pushing to secure more. As Jimmy Stewart’s character says in It’s A Wonderful Life, Potter isn’t selling, Potter’s buying.

Think about what would happen in that situation if people decided they weren’t being treated fairly by the existing system. What recourse would they have? They can’t organise labour strikes if they have no labour.

I am not arguing against the general principle of universal basic income here. If humanity is to learn to collaborate in a healthy way with the ecosystem in which we evolved, a lot more of us are going to have to start doing a lot less. But imagine what will happen with a system of the kind Yang and the tech billionaires are proposing.

Imagine what will happen in a society where people are no longer necessary and have nothing that the powerful need. Imagine what will happen when people become dependent on a subsistence UBI set up by the already plutocrat-controlled government that renders their labour completely moot.

Think about what would happen in that situation if people decided they weren’t being treated fairly by the existing system. What recourse would they have? They can’t organise labour strikes if they have no labour. They can’t boycott if everything is made by the system. Mass demonstrations and civil disobedience would go unnoticed by a power structure that needs nothing from its populace.

Now imagine how that would dance if you add in the sort of narrative domination that advanced artificial intelligence programs would allow, as Julian Assange warned shortly before his silencing. We are already seeing such programs being developed by shady government agencies, along with increasingly Orwellian high tech surveillance systems.

That’s what the billionaires are going for. That’s what Potter’s buying.

The rich and powerful have always feared two things: death and the public. Because both of those things can take away everything they’ve stolen. Our current rulers, the billionaire class, are currently working on unlocking the secret of immortality in a number of creepy ways, and they’re working on addressing the problem of the public in the way I just described. Someday Jeff Bezos and his ilk hope to become the first rulers in history who get to rule without the threat of losing it all to death or to revolution.





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