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by DickingAround 2270 days ago
UBI as payment for automation seems like a dream when you imagine getting free money/stuff. If you're the one that creates life-changing automation and now you have to pay more because you invented, it's a nightmare. A nightmare that discourages invention. The nightmare gets worse when you imagine that now a government with a history of incompetence, violence, and corruption is in charge of collecting and redistributing vast wealth. I wouldn't trust any person, and collection of people, or the populace as a whole to tax and redistribute that much wealth; it will bring out only the very worst people to want that power.
1 comments

If you are the one that creates life-changing automation, in most cases you've probably signed over your invention to the corporation that you work for, they give you a one-time bonus and get all of the rights. The owners then use the government to get a monopoly to use that invention, denying it to others. Automation takes capital to deploy effectively, and most of the rewards go to the owners of that capital, with relatively little going to the inventor.