Roderick Benns recently interviewed Michael Schmidt, a Canadian entrepreneur, chemist and engineer. He was previously the founder and CEO of Listn, a mobile music startup based in Los Angeles California before its multimillion dollar acquisition by Robert Sillerman’s SFX Entertainment. He is now the CEO of Dovetale.com, a partner at PurifAid, a board member of K-Swiss and a member of the Canadian Leadership Committee for the G20.
Benns: From your perspective as an entrepreneur, why is the concept of a basic income guarantee useful to society?
Schmidt: Basic income is all about voice. Some people want more while some people want less. By guaranteeing everyone has the absolute minimum you can guarantee, as a nation that the basic needs of life are met. It’s a win-win for the market and those who are in the market. It’s a fundamental improvement on capitalism and even democracy, because everyone now has a minimum amount of voice.Read more