> a tenfold increase in GDP represents a very conservative estimate of how much full automation could increase economic output. If this modest increase were re

> a tenfold increase in GDP represents a very conservative estimate of how much full automation could increase economic output. If this modest increase were reflected proportionally in US tax revenues we could resolve all current Social Security funding shortfalls This would require a fundamental rewriting of Social Security funding law. Right now it's funded solely by payroll taxes. Read: mass automation will be utterly devastating for Social Security because there will be no paychecks to withhold taxes on. If the author's predictions actually come to pass, it will look a lot like a wealth tax. The current political and economic elites are extremely allergic to anything resembling that. > Progressive income taxation is a central pillar of government revenue in most high-income countries around the world. If the rich could effectively coordinate to eliminate income redistribution, they would have abolished this system long ago Hopelessly naive. Rich people are rich because of their assets. Not their income.