The idea is that people will get some sort of minimum income (maybe something like $2000/mo.) where you have a modest home, TV, and food, and those who want a better life can seek it in the paid jobs on top of the MBI that are remaining.
How would you fund such a plan? The idea occurs to me that some sort of property tax could be put on each automated machine. This idea is not as outrageous as it sounds. Right now you have to pay state and maybe local property tax on each automobile you have. Perhaps you would tax things rather than people.
The latest article is from CNBC:**
Meanwhile, developments in robotics and artificial intelligence have grave implications for the labor force. A report issued this week from consulting firm PwC found that more than a third of U.S. jobs were at risk from automation, upping the ante for policy makers to cushion the blow to workers.
Advocates for UBI argue that a guaranteed paycheck could serve as a way to fight poverty and uncertainty in an evolving U.S. economy, and encourage workers to take more risks in the job market if they had some extra money as a cushion.
The idea has gained prominent backers such as TeslaTCEO Elon Musk, who recently told CNBC he supported UBI — joining a growing list of tech execs who've voiced support for the concept as a solution to unemployment that will be caused by future automation — the rise of the robots. Silicon Valley's Y Combinator President Sam Altman and eBay Founder Pierre Omidyar have also expressed support for a universal income.
* http://stopcontinentaldrift.blogspot.com/2016/07/miimum-guaranteed-income.html
** http://www.cnbc.com/2017/03/25/universal-basic-income-debate-sharpens.html
** http://www.cnbc.com/2017/03/25/universal-basic-income-debate-sharpens.html
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