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by JoachimS 4382 days ago
Ok, where are the money for the basic income coming from?

All the people getting replaced by automation will be less able economically to buy stuff, use services - and pay taxes. Automation removes a lot of costs, frees up a lot of resources and increases profits. But all those positive effects does not compensate for the negative effects unless there is real net gains. For most of the society.

1 comments

A long term stable basic income would be paid for by an income tax + a wealth tax. Suppose you set those numbers at 5% income tax and a 0.1% wealth tax. Now today that's not going to pay for much of a basic income, however it's better than a farmer in 1800. Keep pushing effecency and your quality of life keeps going up.