by Scott Santens | Jul 15, 2026 | News
Imagine two plots of land in the heart of a big city, side by side, the exact same size. On one stands a gleaming fifty-story tower full of offices and apartments and shops. On the other sits a zero-story parking lot.
Now ask yourself: which owner pays more in taxes?
The tower owner does. We tax the building, so the more you build, the more you owe. The parking lot owner, who built almost nothing, pays almost nothing, even though the dirt beneath that asphalt is worth a fortune precisely because it sits in the middle of a thriving city that everyone else built up around it. So the parking lot just sits there. Year after year. The owner pays their small tax, and watches the land’s value climb—value they did nothing to create, mind you—waiting to sell for a huge windfall.
I think that’s pretty perverse, and a land value tax (LVT) is built to fix it.
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by Scott Santens | Jun 6, 2026 | Opinion
A 1.5% annual stock dilution tax on corporations with revenue over $100M would raise over $1.4 trillion a year — enough to send every American about $365 a month, automatically.
Corporations issue new stock all the time — to raise cash, to pay executives, to swallow up other companies. So here’s a question: what if they had to issue a little new stock to the rest of us, too? I call it a stock dilution tax, and I think it’s the cleanest way to pay for a universal basic income (UBI) with a wealth tax. Make every large corporation mint 1.5% in fresh shares each year, sell them off slowly, and hand the proceeds to every American — roughly $365 a month, with no new bureaucracy and nowhere for the wealthy to hide from it.
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by Scott Santens | May 17, 2026 | News, Opinion
Imagine a room with a thousand people. You know that 999 of them need something to survive, and one of them doesn’t. You have two options. Option one: give the same thing to all 1,000 people, and when they leave through a door where everyone’s income is already being checked, take a bit more from the one person who didn’t need it. Option two: before giving anything to anyone, set up an additional checkpoint inside the room, hire people to run it, create paperwork, establish eligibility rules, and test all 1,000 people — knowing that the test will incorrectly fail dozens if not hundreds of people who actually need help — all to avoid giving something to one person for whom the amount is a rounding error.
That is the choice between universal basic income and means-tested anything. When you frame it honestly, the answer is obvious. But we don’t frame it honestly. We frame it as responsible budgeting versus reckless spending. We frame it as helping the deserving versus subsidizing the rich. We frame it in ways that serve the interests of the people who benefit most from the means-tested version. And those people, as I’ll explain, are not the poor.
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by Scott Santens | Apr 28, 2026 | News
AI leaders keep saying UBI is necessary. This pledge asks them to prove it.
I’ve been working on universal basic income full-time since 2013. Thirteen years. In that time, I’ve watched the conversation shift from “that’s a crazy idea” to “that’s inevitable.” Especially among the people building AI. And I’ve watched that shift accomplish very little.
That’s the problem I want to talk about today.
It is now routine for AI leaders to say that something like UBI will be necessary. Elon Musk recently posted that “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.” He’s been saying versions of this since 2016. Demis Hassabis, CEO of Google DeepMind and a Nobel laureate, told CNN we may need “universal high income” so that AI’s productivity gains are distributed across the economy. Mustafa Suleyman, now CEO of Microsoft AI, warned in 2023 that AI would create “a serious number of losers” and called UBI a measure we need to start talking about “in a serious way.”
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by Scott Santens | Apr 20, 2026 | News
Two guys in papier-mâché masks from Saguenay, Quebec, have been playing music together for 20 years since they were 13 years old. For most of that time, they existed in relative obscurity. Then, KEXP posted a video of them playing four songs and the internet lost its mind. As of this week, that video has over ten million views and their song Fabienk is No. 1 on Spotify’s Viral 50 – Global chart. Dave Grohl of Nirvana and Foo Fighters fame has said they “absolutely blew his f*cking mind”. The band is Angine de Poitrine, and if you haven’t watched the full set yet, stop reading this, go watch it, and then come back. I’ll wait. Or just listen to it while you read this essay
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