Submitted by shmoculus t3_zztarn in singularity
TheSecretAgenda t1_j2dzt8x wrote
Certainly, businesses that provide goods and services to average people are going to be in favor of a UBI, Wal-Mart and McDonald's for example. Now if you are an extractor of basic materials like Anaconda Copper or a defense contractor then you might be a little less inclined to pay more tax for a UBI.
Currently, consumption by average people is 70% of U.S. GDP. The wealthy might be able to survive the collapse of 70% of the U.S. economy but, I don't think the wealthy find the idea of sitting in a fortress surrounded by armed guards all that appealing. Of course, there are places in the world where the wealthy do live exactly like that.
However, it plays out, it will be a bloody struggle.
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