Quote:
Originally Posted by GGG
I don't think anyone disagrees that humans being replaced by machines is an issue that will need addressing. The answer has never been nor ever will be make automation more expensive.
If a person is doing a task that a machine can do cheaper they aren't doing work. let me ask you this: Why does an economy grow?
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Why does any economy grow? Because the conditions exist for growth. How does our economy grow? Currently it's by increased consumer spending which provides greater revenue for businesses, which can create an opportunity for expansion.
How does an economy grow by having less employed people contributing through consumerism and more unemployed people needing subsidy without any other influx to boost consumerism?
This idea of a consumption tax to pay for maintaining minimum living standards for those now unemployed does not promote growth, it would temporarily slow the bleeding at best. The folks being subsidized would have nothing to contribute to the economy, all the while people and employers paying to subsidize them would have less to contribute to economic growth as well.