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Socialist Progressives

yallerdawg

(16,104 posts)

6. We have to recognize our own obsolesence!

Reply to geardaddy (Reply #5)

Tue May 1, 2018, 11:01 AM

May 2018

In the '80's, I worked in banking for five years.

"Automatic Teller Machines" were a novelty.

We did hand-entered ledgers in Loan Department - no room for error.

We would never replace checks with "electronic transfer cards." It would never be convenient, and everyone likes a little time to "cover" that check!

All checks were sorted at the bank, and then transported to a clearinghouse and routed to the correct bank! Everything was checked and double-checked!

Most of the companies I worked at - and that bank - are long gone. And jobs, pay and benefits got worse year after year.

It has all turned out exactly as predicted.

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18 replies

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Yang 2020. Let's put humanity first. It's time for Universal Basic Income. [View all] yallerdawg May 2018 OP

I have these questions about basic income. wasupaloopa May 2018 #1

"Rules of economics?" yallerdawg May 2018 #2

Thanks for the reply but that is not an answer wasupaloopa May 2018 #3

When a robot creates something of value... yallerdawg May 2018 #4

Henry Ford paid $5 a day because the jobs were so bad workers wasupaloopa May 2018 #7

Your world view may be realistic - in a capitalist system, of course. yallerdawg May 2018 #8

Good questions. PETRUS May 2018 #9

To me universal basic income does not wasupaloopa May 2018 #10

? PETRUS May 2018 #11

I would like to hear from an economist who teaches, to give me the model with a wasupaloopa May 2018 #12

You can believe whatever you want, of course. PETRUS May 2018 #13

I think I told you twice now. The money does not come from any type of productive effort on the wasupaloopa May 2018 #14

Take your fingers out of your ears. PETRUS May 2018 #15

Productive effort? Animal, Vegetable, or Mineral? fleabiscuit May 2018 #17

很好! geardaddy May 2018 #5

We have to recognize our own obsolesence! yallerdawg May 2018 #6

I agree with your reasoning, and have one concern. Music908 May 2018 #16

How about we start by taxing ALL forms of compensation as regular income? fleabiscuit May 2018 #18