Friday, September 8, 2017

Supplemental Security Income

Future of Robotics

The Future of technology & Robotics will be to replace Human labor at all levels where cost is lower than the human wage. The only safe low labor cost jobs will be where Humans will work for less income than it cost to build a robotic system to replace them.

That analysis will, in fact, apply to Jobs at all income levels that software can run robots and computer programs more efficiently than Humans can do the work. The necessity of establishing Unconditional Basic Income will be essential unless we are prepared for enacting the barbaric practice of eliminating excess people who lack marketable skills.



We already have Social Security & Medicare paid from FICA taxes on wages. That is supplemented by a parallel program for the Disabled and the lowest income Social Security recipients. It is called Supplemental Security Income [SSI]. It is paid out of the General Tax Fund. 




If we make the SSI program Unconditional for people over 62 without a Means Test from the "Bureau of Begging" and move Medicare payments to that program instead of Social Security payments, we will have the beginning of an Unconditional Basic Income system 
 
You should automatically start drawing SSI and Medicare at age 62. You can start drawing Retirement Social Security at whatever age older than 61 that you chose. The older you are - the bigger the check.

In the meantime, you keep lowering the age limit on the SSI check. Over time it will apply to all adult citizens. Doing it over time will moderate the effect on the Economy while expanding Medicare to cover everyone.


by William Hodge

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