[JoeAltmaier]

Yeah no. Its a new system of course, not the same as the one we are in. To work indefinitely, and not just through a tax or currency scheme, the results of automation would have to be reconsidered. Now if somebody builds a factory, the factory belongs to them but also the output of the factory forever belongs to them. This creates a huge imbalance, with some folks 'earning' hundreds of millions a year forever, for no real effort beyond the initial investment.

If something like VAT were used, it would change things. Without dis-incentivizing real work. This system is already in use around the world, just not in America at the moment.

[notahacker]

I live in a post-industrial, omnipresent-VAT European world, and it doesn't make UBI any more affordable in the foreseeable future.

I think we can consider the results of just-around-the-corner-for-200-years automation-induced mass unemployment if and when it actually happens, although I'm still unconvinced that delinking benefit income from desire to actually find work or any other kind of demonstrable need would be the best solution.