The short of it: in a fully automated society, it is simply infeasible to have 100% (or even 50%, with most jobs moving into the service sector) employment. Th

The short of it: in a fully automated society, it is simply infeasible to have 100% (or even 50%, with most jobs moving into the service sector) employment. Thus he proposes a $25,000/yr/person stipend funded from a combination of sources, including high marginal rates on new tax brackets for multi-million-dollar corporate salaries, various sales taxes, and the full reallocation of social spending in almost all other areas. The result would be a complete elimination of poverty, the stigma of welfare, wage slavery, and the social security solvency problem, leading to a "supercharging" of capitalism via massive increases in consumption and ultimately "true economic freedom". I find this proposal very appealing, yet lacking in other core respects; e.g., those countries and entities with the greatest access to natural resources will continue to be the root sources of growth, and as money is simply a tool for distributing wealth, it inevitably adapts to reflect the availability of wealth. Maybe he's also assuming energy from pervasive nuclear fusion? I was waiting for him to mention gift economies, but he seems to love the profit system too much to accept its fundamental infeasibility in the long term.