In such a case, will the concept of money be wiped out from existence ?
Would depend how it’s achieved. The most realistic way would be through mass automation, but the question is now “who owns the machines that produce everything?” A minority controlling these means of production would mean the rest of the world is at their mercy. If they manage to maintain their ownership (though a fully automated defense force, I guess), they can have the rest of the world doing whatever they want… But what do they need these people for then? All they are is a threat, as they are prone to revolt. Genocide seems like a handy option if the elites are sufficiently ruthless, but it would be hard to put in place; there are many people in the world and they can be inventive when fighting for their lives. Beside, there would probably be several such elite groups, still divided in different country; one who starts building large armies and stacking weapons might attract hostility from their neighbors. Providing the people with their needs to pacify them? Sure, but what if they want more? Or what if they make their own automated armies with the free time they have not worrying about starvation? Keeping them occupied seems safer. Why not invent some bogus job that doesn’t actually need to be done and have them believe they still need to earn their living? That could solve the problem from the elite’s point of view. So basically, no change for the people.
With collective ownership of the means of production and an egalitarian spread of wealth, it could be cool tho. People would just do whatever they want, many would still probably undertake collective project, either to further better life of for the fun of it. There could still be forms of conflicts about how some things are managed and by whom, tho…
I’d be bored as hell. I enjoy my job and get a lot of satisfaction from it, so I’d probably still work.
I tell people I will work til I die, partly as a tongue in cheek jab at how bleak the future looks, but also because I find my job to be a good way to occupy my time.
Which is to be expected. You can still work you just would not need to in order to survive. I would be a librarian if I didn’t have to worry about income to feed, clothe and shelter myself.
Yes money would be gone. That would have to precede not needing to work.
What (if anything) does the state tax, and in what form do they require payment?
We’d be forced to anyway
It’s called Star Trek
The economy in Star Trek is probably the simplest problem they’ve solved.
everyone will get the same fixed wage, so they can buy what they want, but don’t deplete everything by stockpiling too many
I think this a misconcept about Universal Basic Income, or atleast my vision of it atleast. UBI should only buy away the poor and make everyone comfortable. Jobs would still be available, as UBI should not let one live a life of luxury, so you can go out and live the life you want if you have the drive. But if someone else doesn’t have the drive and just wants to coast by they should be able to without worrying about dying.
Let’s just make the baseline for everyone comfortable
Maybe most of us would be on Basic Assistance
Time will become the currency if other resources are unlimited.
Time keeps moving forward, and you cannot go back to the past.
The art we made would be amazing… and we’d instantly see life spans and QoL skyrocket.
Working is bad for your health.
What makes you think we “need” to work now?
Food, water, a roof over your head…
Gonna need money, which is obtained through work
The fact that we do it when all our other needs are met, and get antsy if we’re prevented from working.
Well, if you knew that for the rest of your life you would have a home, clothing, food and water, internet and some spending money, what would you do with your time?
Many people would probably just relish doing nothing productive at all, like most animals in nature do when they have no immediate needs.
All that free time would probably inspire a renaissance of art and philosophy, probably personal education too, after all, you can do plenty of thinking on various topics if you have all day to do whatever you are in the mood for. But ultimately we would still need a real outlet for our creative and constructive urges, a way to meaningfully occupy our time.
Ultimately we would need a true common cause again that everyone can share in, like Starfleet in Trek is for mankind. A new frontier, exploration and discovery like humanity has not known since we first started sailing our oceans to seek out the unknown.
these people had a beautiful idea:
https://www.thevenusproject.com/
This plus benevolent AI = utopia. and we could be building it now, but capitalism is going to kill all of us instead. arm yourselves if you want to see life on this planet last another century.
I’d stop spending all my tome on trying to survive and poor all my hours into work I want to do instead of have to do. I have a ton of stuff I’d actually want to do that are very definately work but I can’t make a living doing it, so I don’t!
That movie is called Logan’s Run.
Time to grab me some Soma and check out who is on the carousel tonight!