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originally posted by: JinMI
Earning your own has been ingrained from an early age but eventually the population WILL outweigh available jobs.
originally posted by: seasonal
Big changes are coming, how we deal with it is going to be interesting. We can be proactive or re-active.
I can't imagine a politician even whispering ending social security or medicare, that would take bold leadership. Look at the goat screw medical insurance under the ACA is, it was a 1/2 a goat screw before the ACA but now it is crushing people. If our elected "officials" can't handle that I have little faith they can take on this.
Where is the $ going to come from, cutting other government programs? Taxes on automated processes? If we have huge swathes of people getting canned due to robots, taxes revenues will crash. The money has got to come from some where. And with huge companies using tax inversion strategies I wouldn't count on a willing partner there.
There used to be a symbiotic relationship between companies and their employees. Pay them and they then buy stuff with that pay. But it seems the golden goose has been disemboweled using outsourcing, tax inversion schemes and now/later automation. If companies don't want to help pay people to work, are they going to want to help pay them not to?
I have a feeling this whole thing is going to be an ugly affair.
First, my big caveat: A UBI will do the good things I claim only if it replaces all other transfer payments and the bureaucracies that oversee them. If the guaranteed income is an add-on to the existing system, it will be as destructive as its critics fear.
originally posted by: DBCowboy
a reply to: Aazadan
Name me a single government program that came in under budget and on time.
The costs would necessitate higher taxes, and everyone getting a "living wage" would also require government intervention into every aspect of our lives.