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A comment on Without right policies, automation risks shift of income from labour to capital. Parent comment

Re:Without right policies, automation risks shift of income ... by QasimK on Wednesday January 10, 2018 @04:20PM (#16119177)
Children already have different starting positions in the "race" from even before they are born from a variety of different factors but most factors are likely linked to the wealth of their parents (their education, their careers, how they value their children's education, the amount of money they spend on their children, the opportunities they have access to etc. etc. etc.).

Giving every child an index fund (which should probably start being accessible when they are teenagers and become fully accessible in late 20s) would only solve some of the broader problems beyond the article.

I also think it just isn't going happen because it effectively devalues the wealth of the wealthiest. It's like a wealth tax, right? Also, if everyone has 100-10000K it probably doesn't mean the same thing it means now. The general problem, as stated in the article, is the distribution of wealth - but the wealthy want to stay wealthy not be equally wealthy.

Norway successfully implemented a sovereign wealth fund - currently work nearly 200k per citizen - on the back of their finite natural resources (oil), and I think that is the model that the UK (my country) should have followed. Otherwise, the sources of the funds is likely to be more direct taxation which doesn't seem likely to actually happen.

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Re:Without right policies, automation risks shift of income ... by lr4444lr on Wednesday January 10, 2018 @04:24PM (#16119214)
Norway successfully implemented a sovereign wealth fund - currently work nearly 200k per citizen - on the back of their finite natural resources (oil), and I think that is the model that the UK (my country) should have followed

Are you only interested in Norway and the U.K., or do you not see a likely fallacy of composition here?

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Re:Without right policies, automation risks shift of income ... by QasimK on Wednesday January 10, 2018 @04:29PM (#16119253)
I selected a successful example of an attempt at a sovereign wealth fund (in fact the only example that I know), and an example of a country that chose not to implement a sovereign wealth fund despite being the same situation. I'm not entirely sure if the examples I chose constitute a fallacy. I was merely suggesting one approach that could work for some countries to establish equal funds for their citizens. Some countries may not have access to abundant raw resources though.
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Re:Without right policies, automation risks shift of income ... by beojan on Wednesday January 10, 2018 @04:27PM (#16119243)
> I think that is the model that the UK (my country) should have followed.

I agree, but we do have to remember that Norway had roughly the same amount of oil as us, but a tenth of the population.

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