I agree with you that AI will probably replace a lot of white-collar jobs by 2035, which is not that far away, and it will necessitate political change.
I also consider that UBI (Universal Basic Income) is probably the most natural way forward. It pays a constant amount to each person per month, based on money collected through a wealth tax. It does not have to be implemented all-at-once, but can be gradually introduced. I.e. only provide $200/(person*month) in the beginning, and then continuously scale up as needed.
The wealth tax is needed simultaneously because the money has to come from somewhere. Printing money anew is not great because it leads to steep inflation.
Exactly, and as automation gradually makes profits obsolete, the wealth tax and UBI should evolve from money into a basic right to receive goods produced by the automation. Money is really just a middleman. If we eliminate scarcity we won’t need it.
I agree with you that AI will probably replace a lot of white-collar jobs by 2035, which is not that far away, and it will necessitate political change.
I also consider that UBI (Universal Basic Income) is probably the most natural way forward. It pays a constant amount to each person per month, based on money collected through a wealth tax. It does not have to be implemented all-at-once, but can be gradually introduced. I.e. only provide $200/(person*month) in the beginning, and then continuously scale up as needed.
The wealth tax is needed simultaneously because the money has to come from somewhere. Printing money anew is not great because it leads to steep inflation.
Exactly, and as automation gradually makes profits obsolete, the wealth tax and UBI should evolve from money into a basic right to receive goods produced by the automation. Money is really just a middleman. If we eliminate scarcity we won’t need it.