If you eliminate most unskilled jobs, transfer all the wealth they would have received for work to the owners of the machines that replaced them, and don't provide that massive chunk of people with sustenance and housing, you will have literal blood in the streets.DBTrek wrote:Universal income is among the worst ideas I've ever heard.
And having frequented this forum and the last, I've heard some monumentally bad ideas.
All the Appalachian communities that lost jobs to the mechanization of coal (far more than to Obama or cheap gas) have been on govt life support for decades. SSD has become the de facto Universal Income. Half the people in those communities are already on support and the other half services them.
Econtalk had a fascinating discussion of it, the idea being that Universal income could be cheaper than the half assed collection of support and services we have now. http://www.econtalk.org/archives/2017/0 ... ger_3.html