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RE: This Post About Universal Basic Income May Shock You!
Unless the machines are owned by everyone, won’t the benefits of automation accrue to the people who do one them? That’s why people were wrong 100 years ago when they predicted that we’d have so much leisure time.
Whoever owns the machines will own mankind...
Yeah absolutely the owners of them will (and already are) reaping the rewards. Bill Gates has suggested we need a "robot tax" to pay for a UBI. By whatever mechanism, we need to increase taxes on the rentier class and the new "productivity rentier class"*, and get that money into the hands of consumers if we want to stop capitalism from collapsing in a screaming heap.
* A term I just invented to describe those automaters who benefit massively from productivity gains through automation, while the wages they pay to their dwindling human workforces barely increase at all.