We really need to establish a universal basic income before jobs are replaced. Something like two thousand a month. And a dollar for dollar earned income credit with the credit phasing out with at a hundred grand. To pay for it the tax code uses GAAP depreciation and a minimum tax of 15% GAAP financial statement income. This would work toward solving the real estate problem of private equity buying up all the houses as they would lose some incentive by being taxed. I'm a CPA and I see so many real estate partnerships that are a tax loss that are able to distribute huge book gains because accelerated depreciation.
We reached the peak social fabric decay era and the whole new "empathy is weakness" orthodoxy right on the verge of mass unemployment. The worst possible timing. If oracles of AI are right, the aggregate suffering is going to be immense.
