I mean, the Fed can conjure trillions of dollars of investment capital out of thin air, I think 350 million people have a fair chance of choosing to operate a magic building that makes their lives better.
Which is ultimately what we are talking about. Should we operate highly automated factories and how should we divvy up the benefits from them?
Seriously, we could have robots taking care of us. Free food delivery and a basic income for just being a citizen. Unfortunately this undermines much of what drives innovation and hence the economy as we know it... so though the math seems to work:
automated robots = free labor = us not having to do it + receive their products
... it just isn't that straight forward. Currently it's heading towards:
automated robots = free labor for business owners = us not having those jobs + them still getting what we would have produced
I mean, the Fed can conjure trillions of dollars of investment capital out of thin air, I think 350 million people have a fair chance of choosing to operate a magic building that makes their lives better.
Which is ultimately what we are talking about. Should we operate highly automated factories and how should we divvy up the benefits from them?