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People aren't an economic game. Society has a pace at which it can absorb change, and a pace at which change is too fast causing too much harm to too many peop
by gnaritas 10y ago
People aren't an economic game. Society has a pace at which it can absorb change, and a pace at which change is too fast causing too much harm to too many people. I agree with you that BI or a negative income tax is a good option for distribution, however that money does have to come from somewhere and he's correct, those benefiting the most financially from automation are the ones who are keeping the gains that used to be salaries paid out to employees they no longer have.
Is that the best way to find the money, taxing progress? I don't think so either, but it's not at all irrational, though it is a bit indirect. I'd much prefer just taxing wealth directly, not income, wealth. In either case, heavier taxes on the wealthy in whatever means they come is preferable to the degradation of society at large due to mass unemployment which will lead to social unrest and eventually war.