[brooklyndavs]

"Raising taxes is costly and so redistribution should be targeted to those who need help most." - Oliver Hart

So what if most people are out of a job in 50 years due to automation? What if "targeted to those who need help most" is 90% of all adults. Yeah raising taxes is costly, but considering owners of capital will most likely see most of the benefits from productivity gains in the future I'm sure they can afford it.

More from Mr Hart "Bill Gates would get 13K, which is crazy."

Um yeah, Bill Gates also will get social security and medicare (and he should). That's the whole point of a benefit. I wonder if Mr Hart is an advocate for means testings of these programs? How lovely is it that "experts" like this have the ears of our policy makers.