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Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea
(www.businessinsider.com)
this post was submitted on 23 Nov 2023
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Bill Gates supports higher capital gains taxes as well as EITC which is a form of Negative Income Tax, and in his hypothetical we're going to need a lot of engineers and mechanics to make it work. He also says a UBI could work if automation production increases in the coming decade or so, but he doesn't currently support it.
You might think "OH BUT EITC DOESNT REALLY HELP THE POOR BECAUSE YOU HAVE TO HOLD A JOB" but the thing is for businesses to stay open more than 3 days a week they would need to start hiring more people for less hours per week.
okay I'll take it. Bill is one of the few that's actually thinking things through at least.