Reply to post: Calculations

Basic income after automation? That’s not how capitalism works

Toltec

Calculations

One thing that always seems to be missing in discussions about BI is the figures. If the BI is X then at what multiple of X are you paying pack all of the BI (plus handling charges) you are getting in tax? What percentage of people would need to be earning over a multiple of X in order to cover the people not paying enough tax to pay back their BI and also cover normal state spending?

More simply, is BI even feasible?

Would it work if all automated production and therefore profit belonged to the state and people only did service and creative work? Oh and being a member of the government of course.

Come to think of it wouldn't BI put lots of public sector workers out of a job due to the simplification of the benefits system?

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