Comments by "Robert Steele" (@robertsteele474) on "" video.
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@BobbyU808 I want to take this a few steps further.
1) $1,000 a month is just over the cost of rent on the average (some places more, some less.) There is nothing to stop the landlords (also given that an obscenely large proportion of rental units are in the hands of developers, banks, real estate "associations" and other monolithic entities.)from raising the rents to "what the market will bear" as is their wont, until the extra income will be negligible. (I live in San Francisco. I have experienced first hand what an influx of high income jobs does to rents, the poor and the middle class.)
2) If automation will inevitably take their jobs (Andrew's main point), where will they get the extra $15,000 from if they are not employed? Especially considering the above. I don't envision them all making a living selling artisan crafts by the roadside
I could go on.
My point is while Andrew's heart is in the right place and he has identified long-term problems others are not addressing, and I agree many of his policies will help temporarily alleviate some of the major problems, most are only short-term fixes to long-term problems.
For as much as he is a forward thinker, he is still saddled with the philosophy that capitalism is fundamentally good, which color his judgement on solutions. In (admittedly harsh) Silicon Valley terms, his intimate solutions are suffering from GIGO and I hope he can continue to think these things through objectively and honestly.
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