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Old 07-08-2019, 12:51 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
Quote:
Originally Posted by Idigmygirls View Post
I have written an economics paper titled, "The Economics of Post-Productive Economies."

In that paper, I basically conclude that there are two outcomes of automation's impact on advanced economies:

1) "Robots" are not taxed, and the rich-poor divide becomes so extreme that the poor must revolt or die; or

2) Those who are displaced by automation receive a basic income, which ultimately morphs into a universal basic income - allowing for consumers to remain consumers...
Add tax payers who pay for things like healthcare, unemployment, social programs, police, prisons, defence, roads, internet, etc.

People like onwebcam have a very blinkered outlook to what makes the world go around.

But it's nice to see Thommy change his attitude towards his vision of a future dominated by robots.
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