Robotics and Artificial Intelligence may eventually cause enough labor dislocations that we have to resort to something like this. But right now, that automation is going to be occurring overseas. We won't even have a tax basis.
And you need a strong tax basis to give a guaranteed income. No income is guaranteed if wealth isn't generated here.
America running out of jobs?!
Hasn’t this author listened to any of O’s numerous speeches about how wonderfully he’s restored our economy?
And his labor department issues official statistics every week showing almost Zero unemployment...
It has become comical to read some of the things that are lofted to fix things these days.
Plenty of jobs here, don’t know what yo’all are talking about:
http://www.indeed.com/jobs?q=&l=76208
http://www.indeed.com/jobs?q=&l=75221
http://www.indeed.com/jobs?q=&l=76102
How about you either work, pay taxes, and have kids, or you play, receive benefits, and be sterilized?
Because universal basic health care is working out so well.
Yes, Mr. Cooper, and if minimum wage is set at $1,000,000 per hour, we can all be as rich as Bill Gates.
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And now back to reality:
From an economic standpoint, the amount at which the “guaranteed minimum income” is set becomes the new zero.
No, you just print more money, silly!
I read about something called “feminist economics” where more money is magically produced with mouse clicks. Kind of like unicorns that crap Skittles.
A socialist citing Marx - who’d a thunk it? BTT
It’s not yet time for a GAI. As long as someone else has to work to provide an income for you it’s simply not fair! It turns you into a slave.
I just posted the following on another thread..seems a good fit for this one as well.
By 2050 there won’t be any light manufacturing anywhere.
Small items will be made right in the home using a desktop assembler, imagine a very, very advanced 3D printer able to make everything from medicine and tools to the family dinner.
The age of automation will be in full swing.
Most nations will have a guaranteed annual income... no, not welfare. It will be one of the results of full automation.
It actually will be the beginnings of an age where money does grow on trees, so to speak.
Socialists will hate it because advanced automation means people won’t need government to take care of themselves.
2050 will be nothing like 2014.
Nearly everything will be made by automated machines. Houses, cars, aircraft, toys, general electronics, food, roads, clothes... All at nearly zero cost. Almost everything will be disposable. Two things will be in demand..raw materials and energy. Raw materials will be harvested and processed automatically. Unless there is a fusion energy breakthrough then manufacturing will run on solar. I know many scoff at solar but solar gets cheaper every day and it will become a LOT cheaper than fossil fuel energy in a few decades.
There will be almost no low-skill or manual labor jobs.
It is all inevitable.
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Basically paid for by the machines. It’s an alien concept because we have never had such capabilities before. You can certainly see the beginnings of it now and it will scale up very quickly.
Now we have people working, paying taxes, and using their income to buy manufactured goods. In a few decades it will no longer be people working, it will be mostly machines. Now people pay taxes, with automation it will be the machines that pay taxes, in a sense. That is where the guaranteed income comes from.
It is hard to get your head around but it is inevitable so we will have to make it work.
Someday there actually will be a free lunch. Computer controlled automatons will be like slaves who never tire. They will both construct and drive our cars. They will build and clean our houses. They will grow, harvest and prepare our meals. They will repair our bodies at a cellular level.
Technological advancement is no longer linear. There will be a FAR greater advancement in technology between now and 2050 than there was between the time of Christ and now.
The politics of a guaranteed income get a lot easier when you acknowledge that the U.S. is no longer the land of opportunity
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It’s the land of Big Government, which can’t be sustained.
Hey, this sounds good. Give me money. :)
Get government out of business. Stop crony tax shelters and non-crony penalties. Cut all taxes and raise tariffs. Stop giving away our technology via colleges and hiring foreigners who take knowledge back to the garbage can they came from.
I was in sixth grade in 1966. I remember asking the question, “What will people do for work when machines do everything, even manufacturing and repairing machines?”
I was told I was being over-simplistic. That there are always things that require a human being to be completed.
Not as long as there are sidewalks in the major cities.
IRS wants to tax lunches provided by employer.
Not a far leap to tax the ‘labor’ of the robots. They work for free.
No more H1B visas. Most new high-tech jobs are taken by Asian and Indian immigrants and their relatives (via chain migration). They feed off of corporate corruption and the unspoken minority hiring quotas, which companies get around by hiring foreign workers from overseas.
Even if you get an interview, it is likely just to satisfy diversity requirements, and you have a zero percent chance of actually getting the job.
That stuff when it takes off will hit like a nuclear bomb. It will be fast and devastating.
Remember how cell phones started? In the beginning a few folks had them in cars then big satchel phones then huge handhelds and a few years later smaller and more people owning them then all of the sudden everyone had them and now phone landlines are akin to buggy whips.
It has started slowly but it is gathering momentum and now with this 15 buck minimum wage B.S. Robotics/Automation is gonna explode.
I predict by the mid 20s most of what we consider now as low-paid menial jobs will not be done by humans at all in the Western countries. It will definitely change the world we live in.
It is time to get rid of the communists/liberals and the politicians that sell out this country to foreign interests.