- Nov 20, 1999
Basic Income is one of the few economic reforms that you'll find support from both liberal and conservative academics. People complain about losing jobs to foreign countries where American workers have to compete with people making less than a dollar an hour. With advanced robotics/AI, you are competing with technology that doesn't need to eat, sleep, have insurance, support a family, buy useless shit, etc.We're losing our wealth creation and instead you want to focus on how we can seize and redistribute it without regard to who actually earned it?
Does the term "rearranging the deck chairs on the Titanic" mean anything to you?
Theoretically, when the AI revolution comes, everything we consume will be dirt cheap, but if there are no jobs, nobody will be able to afford it. Basic Income is the only solution to this.
What do you suggest, for example, for the people who work in the transportation when millions of them are put out of work when self driving cars and trucks are a reality? Turn them into soylent green?