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Re: I used to be disgusted, and now I try to be amused.
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Originally Posted by sebastian_dangerfield
You cannot tax the winners in trade (or tech, which I believe is the much bigger job killer) adequately enough to cover the general obligations govt promises to all of its citizens, and also provide special relief to provide a dignified life to those unique millions suffering as result of tech and trade. There's simply not adequate $$$ there.
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Sure you can. Look at the Scandinavian countries.
Look, the economy is still growing. The problem is not that the economy is stagnant. The problem is that the gains are not shared.
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I'll also note, though I agree with your assessment regarding trade and tech making so many people obsolete, it's quite a cold and defeatist policy to give up and just pay the economically useless for breathing. I prefer a massive debt workout. Cancel all unsecured and student debt. Wipe out the overhang holding us back and transfer trillions from banks and investors straight into Main Street's pockets. I mean, if we're going to talk guaranteed income, we might as well go full radical, no?
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Instead of paying people for breathing, pay people for some kind of work, whether it's picking up litter, painting roofs, or digging and filling holes. What you are describing is a one-time hit. What I am groping towards is a different social compact.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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