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Re:The Universal Right to Capital Income by twoodfin on Sunday November 27, 2016 @09:16AM (#13049228)
You have to counter-balance that benefit by the fraction of adults who otherwise would be working productive jobs but instead decide to spend their hours and BI rock climbing, playing video games, or writing bad poetry.

Would extra entrepreneurship make up for their loss of production? Maybe, but I don't think entrepreneurship and employment levels in nations where welfare provides everyone with guaranteed "ramen profitability" are encouraging on that front.

Re:The Universal Right to Capital Income by MacsHeadroom on Sunday November 27, 2016 @10:40AM (#13049665)
Sounds like there may be entrepreneurial opportunities for rock climbing gear, video game design, and poetry sharing.
Re:The Universal Right to Capital Income by twoodfin on Sunday November 27, 2016 @10:45AM (#13049694)
Sure, but ultimately the money to pay for those things has to come from production. There's no free lunch.
Re:The Universal Right to Capital Income by sooheon on Sunday November 27, 2016 @12:08PM (#13050143)
Increasingly, machines can and will be handing out "free lunches" of production. Under traditional assumptions, these free lunches belong solely to the factory/AI owners, and those made thusly obsolete can fuck off and starve or lobby their representative forms of government for crumbs of the pie. Or we can start recognizing that now more than ever the fruits of capital and the means of production must be redistributed.

Think of it another way, we're getting the above mentioned losses of human production anyways, because vast swathes of human mass will be made completely obsolete. Except without redistribution they won't be playing video games, writing bad poetry, or going rock climbing, they'll simply be starving. The question is do we let them hang, while those lucky enough to inherit server clusters running AI and fleets of self driving cars sit back and solely claim unprecedented concentration of capital?