Comment by JoachimSchipper
9 years ago
Currently, most [EDIT: many] people's share of the GDP is (mostly) their income from labor. Y Combinator / Sam Altman worries that increasing automation will make many people's job obsolete; merely lowering taxes on the salary of a McDonald's worker won't help if said worker will soon be unemployable.
(Whether this will actually happen is a separate topic; but there's a reason why Sam Altman doesn't just propose your tax-the-rich scheme.)
> Currently, most people's share of the GDP is (mostly) their income from labor
"Most"? According to [1] only around 50% of the US citizens do get a paycheck (155 of 322 mio). The others probably mostly are kids, senior people and housewives, but they make up a significant portion.
[1] https://data.bls.gov/timeseries/LNS12000000