Universal Basic Income - if you want that you damn well better build one helluva wall because everyone in the world will want to come here.
Other countries have it, and haven't been overwhelmed by 'everyone in the World' going there.
What successful financial model will this oncoming socialist state base itself upon, because I don't see one.
A mixed economy, just like every other successful 'socialist state'.
Suppose there really does come a day where automation takes a significant number of jobs away. What are the people with no jobs going to do?
A very good question! Hope someone has the answer, because it's coming whether you like it or not.
Try and make money in other ways?
It's time we stopping thinking that life was only about 'making money'.
Have some fun? People (until the latest generation) are not wired to sit around and do nothing.
Are you suggesting that if people didn't have to work in mind-numbing jobs that they hated, they wouldn't find useful things to do? And even if they just had fun, what would be the harm in that?
Only in America would someone think that 'kill each other!' is the preferred entertainment of bored rich people.
Having fun costs money most of the time. But there aren't enough fun venues to handle this huge new crowd of non-workers. We'll need more fun venues which equals more jobs (assumes people will still go outside at all). Maybe restaurants, theaters, casinos. Even if most of these jobs are also automated someone still has to build, own and maintain the business.
You still don't get it. Yes, there will always be a need for people, but not at anywhere near the same scale - which is why we need to decouple income from work. And most of the people who
do build, own and maintain the businesses will do it because they
like doing it, not because they would starve otherwise.
It may not be profitable or practical to automate many things, even if it's possible. I still prefer talking to a cashier at the store.
Do you also still prefer chatting to the clerk when you collect your mail from the Post Office? Or do you use email like everyone else?
The times they are a changing, and if you can't keep up...
Maybe we will have more small business owners. Business owners who work and make money and don't require the basic income.
That would be nice, but economy of scale says it won't happen. What
is happening is people running 'boutique' businesses for fun rather than profit. A guaranteed income would increase that trend.
We've been automating industry for a very long time and we still have plenty of jobs.
No, we just have plenty of
******** jobs. Because our economic structure demands it.