basic_element
Member
The same place we always get it, from taxes or borrowing, or anything else. We have all the money to spend/waste on everything else besides people. If we made an effort, I mean our government, We could afford to do it. But no one is going to make the effort due to excuses and well, americans don't really care about one another that much. Our nation would never be able to actually do it, Republicans won't agree to it, and I don't imagine a lot of liberals would either.
But the money is there to start a staged program. I don't get the delusional world where automation goes from 0 to 1 in a day to where you need trillions immediately. Programs take place over years.
In an ideal world, your'e charged a tax for automation. But since we are all fine with GOOGLE/APPLE etc not paying any taxes. This wont happen.
So your solution would be to to raise taxes on those that are currently working? So if we do this program gradually, as more people lose jobs and go on basic income, your tax revenue is shrinking and it cost more to find basic income. How is this sustainable? Your second solution is borrowing. We are already at 19 trillion in debt and growing fast. Govt bond yield is at all time lows and Japan and Europe are at negative rates. How much more debt can we create before this all comes crashing down? Who is going to buy your debt especially at 0 yield? And the US is not the only country vulnerable to automation. Let's say China our biggest buyer of debt needs a basic income program also. Who buys your debt?