Tani Coyote
Son of Huehuecoyotl
- Joined
- May 28, 2007
- Messages
- 15,195
How is the government going to support a majority of the population on welfare? Is it just going to be printed?
For a long time, profits will still be collected even as workers are laid off. We will merely have to raise taxes on the wealthy with each new innovation. Really, the wealthy pay for the masses either way - either by hiring them or via welfare.
Eventually, the wealthy are phased out entirely as everything becomes automated. They only have their accumulated wealth and no further income, as no one but the other wealthy is collecting income to spend. The economic model as we know it collapses...
...and in all likelihood, the wealthy lose most of that wealth to mass action, as the masses aren't content with eating dirt while those at the top have so much more for no reason at all.