The modern economy is hit driven. 1 J. K. Rowling pays for a lot of not J.K. Rowlings.
Individual's fortunes look a whole lot like a random walk. Some people, get over their crack addiction and become writers for the new york times, some people get over their wall street addiction and become crack smokers. It's tough to say where a particular person will be in 20 years. Before you start listing off titans of silicon valley, i'd like to point at all the super rich Vanderbilts running around.
It's up to us as a civilization to decide how low to make the floor. any benefit will have fraud. Straight up anarchy, you keep what you kill sounds rough. If that's your plan, i'm going to get together with my friends and stop you. Nobody works ever, also sounds dumb. I'm going to get together with some other friends and stop that too.
So, we pick a spot somewhere between the two extremes. Historically, value was created by people. More and more, value is created by machines. Cab drivers, sports writers and port masters are all on the way out.
I'm not at all sure how civilization works when only the top 10% or 1% of people are actually capable of being useful to the economy, regardless of level of training.
Very wonderfully put, this is the basic premise in which I see no other way than a form of basic income for developed nations in the future. The interesting question is one of timeframe and methods.
Individual's fortunes look a whole lot like a random walk. Some people, get over their crack addiction and become writers for the new york times, some people get over their wall street addiction and become crack smokers. It's tough to say where a particular person will be in 20 years. Before you start listing off titans of silicon valley, i'd like to point at all the super rich Vanderbilts running around.
It's up to us as a civilization to decide how low to make the floor. any benefit will have fraud. Straight up anarchy, you keep what you kill sounds rough. If that's your plan, i'm going to get together with my friends and stop you. Nobody works ever, also sounds dumb. I'm going to get together with some other friends and stop that too.
So, we pick a spot somewhere between the two extremes. Historically, value was created by people. More and more, value is created by machines. Cab drivers, sports writers and port masters are all on the way out.
I'm not at all sure how civilization works when only the top 10% or 1% of people are actually capable of being useful to the economy, regardless of level of training.