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A comment on Basic income would not reduce people’s willingness to work. Parent comment

Re:Basic income would not reduce people’s willingness to work by chii on Monday January 17, 2022 @11:13PM (#29975014)
> makes that money rain equally on all their remaining employees, I'd have no problem with it.

why would the remaining employees, who have no invested capital into the business (with which the automation is driven by), receive any of the gains from said automation?

The people who invested the capital into the automation reaps the profit. In this case, it's often the shareholders in the end.

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Re:Basic income would not reduce people’s willingness to work by rrrrrrrrrrrryan on Tuesday January 18, 2022 @12:38AM (#29975531)
> The people who invested the capital into the automation reaps the profit.

Yes, that's how it works today. That's not how I'd like it to work.

Many people here get a significant portion of their compensation via RSUs, ESPPs, and other profit-sharing initiatives, and any company that decides to extend these benefits to lower level workers should be treated favourably by the tax system.

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