So, basic income would solve it.
So, basic income would solve it.
Thought Experiment: Let's say we eventually have a super robot, which can build other robots which can produce all the goods and services the humanity can consume sustainably.
Now, You(Government representing the people) can print money and give it to all of humanity to buy the goods and services from this Super Robot. At the end of the year, this 'super robot' (or the owner of the super robot) will have all the money that is printed.
Next year, you can
a) Print a fresh set of money and distribute, leading to this super robot accumulating all the money (but really who cares, you can make laws that limit how much non-renewable assets a single person or robot can own)
b) Tax this 'super robot' 99.9999% and redistribute it again.
Repeat (a) or (b) forever
https://taxfoundation.org/top-1-percent-pays-more-taxes-bott...
Don't let your bias or brainwashing go against facts. It is inevitable that the top 1% will be bearing most of our taxes
Donald Trump was elected by a populist movement, not by the donor class.
Government also printed $10 Trillion in the last two years and gave it away to mostly poor
Incorrect. QA/corporate bonds have been out of control, PPE etc loans that will be forgiven en masse after being given to the best and coziest customers of the large banks, etc.
[posts a graph that shows top 1% bears about 35%, not most, of income taxes, ignoring payroll and other regressive taxes]
Compare to https://i.imgur.com/KLmRsY8.png , which indicates that the top 1% have about 20.9% of income and pay about 24.1% of taxes.