We will see a growing class of people who are economically useless.
Should we build our society on the imperative that every citizen must be "economically useful"? If production of basic goods and services is automated to such a high degree that only a small portion of people are needed to develop and maintain this machinery, aren't we just creating artificial, unproductive niches by trying to employ every citizen?
Comments
Should we build our society on the imperative that every citizen must be "economically useful"? If production of basic goods and services is automated to such a high degree that only a small portion of people are needed to develop and maintain this machinery, aren't we just creating artificial, unproductive niches by trying to employ every citizen?
There are two types of economically useless people:
1. those superseded by tech who are incapable of adding "value" as defined by our current economy
2. those using the state to appropriate labour, such as banks using their monopoly on credit creation to force up land prices to extract labour
We should be focusing on taxing rentier activity to provide for the former in order to obliterate the latter.
Land value tax must be used to fund a basic income.