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We need a future where the robots benefit all of us, not just the rich
- rdlecler1 12y agoThe problem with a universal wage is that it doesn't increase the availability of things like real estate, education, and healthcare. As more people have money it will create more inflation on these goods and services and then we are back to where you started except that $2,000/month will be worth the equivalent of $200/month. I think we would be better off with free education, expand housing stock in growth centers like NY or SF to bring down the cost of living.
- huherto 12y agoYeah, these are the three things I worry the most about. Some popular proposals... - Health care. Single payer system. Perhaps expand Medicare by lowering the age to 60, 55, 50, etc. - Subsidized education rather than the current loan based system. Start with the free community college proposal. - Real Estate. This is a hard one. Invest on schools even if they are not in the good districts. Build appropriate housing for seniors.
- cratermoon 12y agoRicardian scarcity really only applies to one of the categories, and even then, there are well-known mitigation strategies.
- jgmmo 12y agoThey misunderstand the negative income tax. My understanding is it doesn't require work necessarily. In function, it's a guaranteed basic income. Milton Friedman on Negative Income Tax -- https://www.youtube.com/watch?v=xtpgkX588nM https://www.youtube.com/watch?v=xtpgkX588nM
- mycroft-holmes 12y ago> We have achieved a level of social equality barely imagined by progressives 50 years ago, but economic equality has gotten much worse. The is essentially the main point of the op-ed. I wish everyone could read PG's How to Make Wealth. http://www.paulgraham.com/wealth.html http://www.paulgraham.com/wealth.html
- tomjen3 12y agoThat seems like a problem of envy then, which is fine since the onus is now on the person to solve that himself.