Quote:
Originally Posted by donquixote99
You are assuming some things here. One is that the guaranteed wage has to be paid for with taxes. But my proposal is to pay for it with created money, as is done with quantitative easing.
|
Well, we at least agree that QE was an exercise in printing money, but it was always meant to be short term. You guys are proposing turning it into an economic fixture and a lifestyle choice.
Quote:
Originally Posted by donquixote99
Second, you assume that if people don't mostly all work, we won't have enough stuff. That is exactly the economic earthquake now shaking under your very feet--the change away from an economy of scarcity, brought to you by robotics and AI. Mass consumption will not be funded by wages that no one intends to pay because the workers are NOT NEEDED for production. We either maintain the ability to consume by other means, or just let a bunch of people pick garbage at the dumps.
|
Yes if people don't work, we wont have enough stuff, even the basics like clothing food and water. Since the marketplace of folks who can afford non-essentials shrinks, all of the Type A folks would be likely be required to work in jobs that support the manufacturing and delivery of essentilals. The economy shrinks, the money supply shrinks as the economy shrinks, and you'd be forced to turn to taxation to support paying folks not to work.