In all honesty, it would be a really bad video if it included it. Because we have no knowledge what post-scarcity economics will look like.

At best he could write about his ideal of an utopia or his vision of a dystopia.

Grey said on reddit that he purposely didn’t include possible solutions in the video.

The point of the video is that robots will soon exceed humans as workers in every conceivable way. "Post-scarcity economy" is obviously incompatible with free market capitalism. I can see how one might believe that prices could decrease towards zero as the efficiency of technology increases, however there still needs to be an incentive for production. At the moment, the incentive is profit. But if nobody can afford a loaf of bread, then what is the incentive to produce loaves of bread? Good will? Government mandate? What happens when companies possess more power than the government? Google for one appears to be positioning itself as a contender. Interesting times ahead.

It's definitely going to be interesting how things play out, and honestly I think China will adapt to the change far easier than the US will.

The US has major political dogma against communism and socialism. The only way out of this is going to be with major socialist programs. The only way to avoid civil unrest over unemployment rates will be literally paying people off. Basic income is inevitable.

The issue is, how long will companies be allowed to hold on to control. What happens when we start automating out jobs with AI. What happens when even the CEO is replaced, and investors are just AIs representing a portfolio. I find it highly doubtful the public will allow billions of dollars and control of corporations to sit in the hands of AIs with the intent of profiteering.

So how long until companies are taken over by the government. You said what happens when companies possess more power than the government, but I don't know any corporations with 10 aircraft carriers in operation. Eminent Domain seizures will be the way the government retains control.

How long after basic income would it take to see grocery stores become seen as a public utility? Or housing construction? When everyone can afford a house, we can't afford not giving people houses.

It's going to be interesting to see how much of our traditional practice's remain.

The big question is being able to finance basic income when a large and growing part of the population is unemployed. Where is the tax base?

The capital-intensive entities that own all the robots and whose revenue comes from human consumption.

Human consumption hinges on the fact that the humans have income to buy stuff to consume. Are you saying we shall tax the company profits in order to pay people basic income to provide means needed to consume stuff to create these required profits. And that the profits are staying in the tax jurisdiction as well as not getting tax breaks the owners lobbied for using previous profits.

> Where is the tax base?

In corporations?

Corporations can move out of the jurisdiction with corp tax much easier than humans. And judging by Apple etc, they are pretty good at getting tax brakes, buy legislation.

Or on robots?

More plausible since it directly connects to the problem at hand. But when you replace humans with algorithms how do you determine what to tax and how much?

Value added taxes/sales are plausible if they are selling stuff.

I think that part was deliberately omitted as kind of beyond the scope of the video.