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by m4nu3l 2426 days ago
As a moderate Libertarian tech worker I would have to give the same answer. I hold my position not just because I don't want to pay too many taxes, but because I find the position to be the correct one.

I think that pay has very little to do with effort of the worker. As you mentioned, lot of people work harder and put more effort while making less money than others. IMO the argument that effort should be used as a measure for pay can easily be invalidated with this reductio ad absurdum: If you pay me for the effort I put on my work I would make more money by carrying a heavy rock back and forth all day than to work on most of the jobs available today.

As economy theory goes, labor is a commodity and, as such, subject to the law of supply and demand. That's really it, there is no other way at the moment to assign salaries. Yes you can reduce inequality with taxation. But there is an inverse correlation between taxation an economic growth, even though there are some exceptions.

My thoughts on automation are that, yes, automation displaces jobs, but it also reduce prices (not just of the final products but those of capital goods used to produce them too), so, while I don't know how a close-to fully automated society will look like I'm sure resources will still need be allocated based on demand from consumers and the economic output will be limited, hence there will still be a concept of markets and currencies. My guess is that Capitalism will be partially automated itself. We will probably need some limited redistribution for those that initially own no shares in automated companies, allowing them to live and invest in these, or to buy automation capital goods to create new automated companies.