robertogreco + alanwinfield   1

Our Work Here Is Done: Visions of a Robot Economy [.pdf]
"The essays in this volume address a number of possibilities for how the proceeds of a robot revolution might be redistributed. Notably, Noah Smith’s piece argues for a universal basic income for everyone, paid for from the proceeds of robot–enhanced productivity.

What is clear is that if automation necessitates a big shift in how we tax, it offers an opportunity to start taxing more sensible things. Economists have long argued for taxing land, carbon emissions and other bads, rather than taxing work. If there is less work about in the future, this may be the chance to make a change.

There is also the question of how we share out the rewards of a robot economy. We may not yet be ready for a universal basic income, since at least for the time being so many people’s conception of (their own and others’) value to society is bound up in work. But it is surely worth making policies to encourage ownership of robots is widely dispersed. The simplest way to make sure everyone has a stake in robots is to encourage widespread pension ownership – so that people own shares in the companies that own the robots.

But if the riches of automation are really as abundant as some people think they are, we could go further, and learn a lesson from the few countries that have dealt well with natural resource riches, like Norway and Alaska, by establishing a national endowment to hold wealth on behalf of citizens. The proceeds of this could be used to pay an annual dividend to citizens (as in Alaska) or to invest in future productivity (as has been proposed in Norway)."
universalbasicincome  labor  robot  income  taxation  taxes  economics  2014  nesta  change  jsutice  future  competition  cooperation  ryanavent  noahsmith  francescoppola  alanwinfield  nickhawes  ertruitt  jonturney  izabellakaminska  georginavoss  machines  slavery  edwardskidelsky  frederickguy  tessreidy  steverandywaldman  machineage  power  wages  ubi 
june 2014 by robertogreco

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