NY Times Columnist: Pay Ourselves an Extra Income?
|January 20, 2014||Posted by Staff under Uncategorized|
This 2014 excerpt of the New York Times, Jan 11, is by Thomas L. Friedman, reviewing a “fascinating new book, The Second Machine Age,” by Erik Brynjolfsson and Andrew McAfee.
Put all advances together, and you can see that our generation will have more power to improve (or destroy) the world than any before, relying on fewer people and more technology. But it also means that we need to rethink deeply our social contracts, because labor is so important to a person’s identity and dignity and to societal stability. Consider:
- lowering taxes on human labor to make it cheaper relative to digital labor,
- reinventing education so more people can “race with machines” not against them,
- fostering the entrepreneurship that invents new industries and jobs, and
- even guaranteeing every American a basic income.
We’ve got a lot of rethinking to do, they argue, because we’re not only in a recession-induced employment slump. We’re in a technological hurricane reshaping the workplace — and it just keeps doubling.
Ed. Notes: Better than lowering taxes on labor is to eliminate them. Get rid of them on capital, too. Heck, you could lose taxes altogether; just use fees, dues, leases, etc, to redirect all our spending for nature into the public treasury. That is, as your Land Dues were to go up, then the land prices you pay would go down. So people would not pay banks (in mortgages) or pay absentee owners (ground rent) for land but people would pay their community. Those funds, that revenue stream, is what could fund the extra income to everyone, called “basic income” or here “Citizen’s Dividend”.