3 ms·
>Where does the money come from to support everyone? In the context of an article on the mechanization of everything, the answer would be that economic value w
by auxym 12y ago
>Where does the money come from to support everyone?
In the context of an article on the mechanization of everything, the answer would be that economic value would be created largely automatically by computers and machines. In a capitalist state, these means of production are owned by private parties and presumably taxed by the government who would then redistribute a basic income. Presumably, corporate tax rates will have to be boosted a lot to compensate for the almost complete loss of income and payroll tax.
- Spooky23 12y agoThat's the scary part. Planned economies at the national and corporate level don't work out so great, IMO. Imagine your life being managed by the same type of process that manages facilities at the Fortune 500 or big government bureaucracy. Yuck.
- s73v3r 12y agoScarier than having to participate in Hunger Games style competition because no one can afford food?