Comment by throwawaytea
2 days ago
It seems totally not obvious to me. It seems so confusing. If you gave everyone a million... Eventually someone needs to buy a house... What does it cost to buy one? Would you sell your house for 2 million if everyone around you had a million? No, some Indian family would pool everyone's government pool of 1 million and bid 8 million for it. So how does a single person buy one? Same as today. Except you screwed up inflation too.
There are certainly downstream consequences to this that might not work, in which case we are simply screwed full stop :)
Do you have anything to say about the actual point I was trying to make?
Its this part:
"We cannot have both no wealth redistribution AND replace all labour with automation without really messing this system up"
My point is I'd prefer to deal with one issue, which would be labor being automated.. instead of dealing with both issues (automation and crazy inflation) at the same time.