I've heard this view before. It's what I have been saying for some time now: With vastly increased wealth for the richest due to technological leverage, what wi

I've heard this view before. It's what I have been saying for some time now: With vastly increased wealth for the richest due to technological leverage, what will need to be done is increased taxation, especially for the richest. The taxes can be used to pay for a "dividend" system, which could for instance be implemented through negative taxation up to a certain low income. We might not be there today, but it is where we'll end up if automation keeps spreading at the rate it has until now. Norway almost de facto has a system like this already (through an incredibly generous welfare system), but the only reason we are able to pay for it is through the huge petroleum income.