You do realize this is a small government capitalistic policy right?
@Soteris - what are you talking about? Since when does GIVING away money to people who never earned it, constitute a capitalist policy? That's flat out Socialism that a couple Presidential Demon-rat candidates are pushing. ALL of them are pushing to overthrow the US government, trash the Constitution, and turn the US into a socialist country, with their ideas. That starts with Bernie, and Biden and goes all the way to Warren and Yang.
Well as it turns out capitalism is unsustainable without a means such as this to redistribute wealth in the case where for example human jobs are being replaced by automation. You either have to change out capitalism or do something like this to support the capitalistic system. Hence this is very much a capitalistic policy in today's context.
It's a response to robotic encroachment. There's this myth that there will always be employment, but virtually all industries are being automated including programming and repair of robots. This idea that there will always be work is probably myth... Therefore there must be working solution. This is one that has been worked out.
@Anpu23 Granted this is the solution worked out if you want to maintain capitalism. Another option is just to rework the whole economy and drop the competitive market.
@Soteris @Soteris yes, but altruistic socialism simply does not work. Too much social responsibility for most people. Goods and services have to come from somewhere. Yes we are heading into a slave state where robots are the source of the goods. But without a system to allow those displaced to continue you just increase homeless and absolute poverty. I havs yet to see any other viable option. Fewer and fewer jobs more and more people anf it's a recipe for disaster. Those who start talking about jobs in the future just aren't seeing the reality. It's like running into a forest to avoid a rainstorm thinking if THIS tree gets wet there are all of these other trees. There is not one industry that someone somewhere is building a robot to do.
As to the source of funds it's a CORPORATE tax to ofset the social costs of robotic encroachment. A company wants to replace you with a robot, fine but now the company must pay to halp support you. Better than the average tax payer paying into a welfare system. That just gets bogged down as more people lose their jobs and tax the people who are still working. Soon there just won't be enough workers to support those who are displaced. So who covers them? Family and friends, government through the modern tax, or corporations through tax rates based on robot production?
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Unlikely. It would be hard to milk that money since most of it would just go straight into paying off debts.
@Soteris lol.. ok
I should probably clarify that its not my prefered idea and certainly there are very good reasons why it might not work out very well but it does solve a lot of problems in a very straight forward way, there is a lot to like about it.
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