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I disagree and I think if you follow the points I laid out, it’s pretty clear that the outcome is fairly obvious from someone who looks from above the system pe
by bumby 3y ago
I disagree and I think if you follow the points I laid out, it’s pretty clear that the outcome is fairly obvious from someone who looks from above the system perspective.
When your system is predicated on taxes borne from income, and you implement a disturbance that displaces that income, it doesn’t take a rocket surgeon to see there will a problem looming on the horizon. It’s really just connecting two very obvious points that doesn’t need hindsight centuries later to see. People have been ringing the alarm for decades now, policy makers just found it easy and expedient to ignore them.
I think many politicians knew this but policy development has a different wrinkle. Politicians are incentivized to take a short term perspective because election cycles don’t operate on the same time scale as large scale societal issues. It’s the same reason they are incentivized to raid the general coffers for projects that will be completed during their tenure and leave long time horizon problems for someone else to fix. (If you disagree, look at Illinois and their public pension issues)
(And not to be pedantic, but automation dates back a couple thousand years, at least to the use of water wheels to automate grain flour production. The industrial revolution dates to the late 18th century. While they are related, they aren’t the same thing)