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I see. So, if there will be these profitable companies which profit from building and maintaining automation technologies, will they be so small that anyone can
by anotherbrownguy 9y ago
I see. So, if there will be these profitable companies which profit from building and maintaining automation technologies, will they be so small that anyone can start their own automation company or be so big that they will require huge investments and go public?
In the first case, many people will be owners of such businesses and many people will profit from it... in the second case, people will buy stock of those companies and will profit from it. So, it seems like the money will be distributed over many people, basically anyone who is willing to invest. So, no universal basic income required.
However, that is not even the main problem of the idea of universal basic income. The main problem is that governments don't have any money to give out to anyone. Governments rely on people's money to operate. So, if people won't have any jobs, they will pay no taxes and governments won't have any money to operate, let alone give it back to people.
If they are going to tax businesses, people won't invest. Also, businesses don't want to pay taxes, so they would rather spend the money in expanding themselves than pay taxes on profits.