One can make a fundamental assumption that people want to work as opposed to being on the dole. And make no mistake, any sort of “Guaranteed Basic Income” is welfare with a fancier name.

The fundamental problem is not in doubt. We are rapidly careening to a “Blade Runner” society, where 20% of the population with enough chops to get a STEM degree or an MBA (both may be required in the near future) make all of the serious income, and 80% are making up hotel beds (burgers will be automated, too) :-(.

So, obviously, we are moving to a world where the taxation on the individuals and the corporations is going to have to pay enough to the 80% to maintain a civil society.

Wouldn’t taxes have to rise?

And if they have to rise……would it perhaps not be better to simply say “don’t automate that — — if you do, you’re going to have to pay the same in taxes for that robot as you would for the worker.”?

And wouldn’t that be better for society, looking at the example of the Soviet Union, and the rampant drunkedness which accompanied forced full employment?

Gotta think outside the box, in my view. Automating jobs away is not inevitable.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store