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by susan_hall
3559 days ago
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> where would the income come from You are confusing money with wealth (stuff people want). The money would come from the government, which can simply print it. Take a hypothetical situation where robots cause the total amount of wealth (stuff) created, in one year, to increase by 100%. Now assume the government prints enough money to increase the total amount of money by 100%. In this case, wealth has increased by 100%, and money has increased by 100%, so people's ability to get stuff has increased 100%, with 0% inflation. In the real world, things never work out so cleanly, but the above offers a simplified model of what could happen. |
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