It's been a while since my last post ... sorry about that. No excuse, just life getting in the way sometimes.
Since the last post, there have been umpteen articles and scenarios in the media about robots taking jobs and government funded guaranteed income for all. Even the big tech gurus are talking about it. So, let's accept that there is a problem, and move on from that and discuss in more detail how my RMWP solution could work.
Firstly, to reiterate, the plan endeavors to tap into capitalism to fund and maintain the minimum wage system ... not government handouts or higher taxes for anybody. This is where the idea differs and why I think it is something that would be supported by the majority of citizens in most countries.
But, I need help to flush out the details and that is why I created this blog. I'm hoping to get feedback and ideas from people who know much more that I do about various aspects of the plan.
Let me break it down here and ask you to give your feedback. Bear in mind that I am an engineer and strive to keep things as simple as possible. That's how we get things built :-)
Part 1 - Convincing Industry to Adopt the Plan
Role 1 - Robot System Manufacturers
Role 2 - Robot System User Companies
- Part A - Lease fees paid to the system manufacturer above.
- Part B - Income taxes and payroll taxes paid to the government. Tax rates would be determined based on the hourly wage of the robotic system. Need an economist to simulate the effects of this on the taxation system.
- Part C - Contribution to the RMWP (Robot Minimum Wage Plan). This amount would be determined based on the number of employees replaced by the robotic system.
Part 2 - Designing and Operating the Plan
Role 3 - The RMWP (Robot Minimum Wage Plan)
- Determination of contribution and distribution levels based on a system designed to be as simple as possible. That's what this blog is for :-)
- Collection of revenue and distribution of wages to qualified recipients
- Oversight and enforcement of the plan.