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Old 11-07-2016, 01:24 PM   #4399
Locke
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Quote:
Originally Posted by GGG View Post
It my magical fantasy world a progressive consumption tax would likely be the best way to deal with income inequality which would pay for a guaranteed income.

This issue though exists with or without the discussion around automation. The question of distribution of wealth within a capitalist society has always been and will always be an issue. The goal should be to perform this equalization in a way that hits economic expansion in as minimal of way as possible.

The problem with limiting automation is that you are paying someone to do nothing but making them do something. This means they can't be doing something else. We also then need to train people to replace the people doing nothing thus investing shared resources into the creation of nothing. If we are going to pay someone to do nothing lets pay them to do nothing and maybe in their spare time they will find something to do.

Essentially as confusing as the above paragraph is if we have to pay people to do nothing we need to be as efficient about it as possible. Limiting automation is the least efficient way to pay someone to do nothing.
This is what I keep saying, but they keep hiring Government workers.
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