>One of the things that people forget is that if the robots really do come, yes, they will eliminate or change a lot of jobs, but the cost of goods and services will just go down and down and down.
So maybe $7000 can get you everything you need, including healthcare. People pay extra money for their house to be close to work. With no work, maybe that will open up places people will want to live.
India had tax rate of up to 93% in 1970s which was done all to support poor people. I am not sure it worked very well. But may be US is very different and 90% or so tax rate will drastically improve living conditions for everyone.
> 90% or so tax rate will drastically improve living conditions for everyone.
As a person who was born in the USSR those kind of proclamations always amuse me. I am wondering how much taxes are being paid by those people thinking that 90% tax rate will not create a feedback loop that will drastically worsen living conditions for everyone. My personal ancodote is that when I check it turns out those people rarely pay any taxes at all.
Exactly right. At least from Indian experiment it did not happen. That's why I said 'may be' in sense that may be rules of human nature does not apply to USA.
