UBI represents a failure of imagination. We can do better. If it’s established beyond reasonable doubt that the next three decades will lead to extremly high levels of unemployment due to automation, AND that higher taxes on corporate incomes will be necessary worldwide to fund the inequities these cause, then two other solutions come to mind:

  1. Just because something CAN be automated doesn’t mean it SHOULD be automated. When self-driving trucks become available, that would put 1.5 million families who depend on trucking for a middle-class lifestyle into fast food jobs. So….how about if we just don’t legalize self-driving trucks? That’s a much more straightforward “solution” then some sort of tax and transfer scheme.
  2. Again, if unemployment is bound to increase and taxes bound to increase to compensate, then about how broad increases in government employment that would actually provide value to the society and nation in general? Government funded hospital workers, teacher’s aides, day care workers, and massive infrastructure construction projects? You build (literally) a better society, and people still have the pride of a doing a job.

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.