A theoretical socio-economic system based on capitalising from the labour of fully autonomous robotic machines, which would perform all labour in society. It is likely to be the major economic system in the future, when all possible human labour is removed from the production of all goods and services. It would
mean that humans no longer have to
work and enterprise would become the major way of creating personal wealth. All consumer products would be much cheaper due to the lack of human labour needed for their production. To accommodate for the very high unemployment
rate in this system, income tax would be very high on the super-wealthy (70%) to create funds for a citizenry payment (similar to welfare) which all citizens of a country would be entitled to. Inheritance tax would also be very high (90%) to allow everyone equal opportunity to be rich, not just those who inherit their wealth and capitalise on it. Enterprise and human creativity would be at an all
time high, as
people do not have to
work and are able to create things and ideas freely to become rich, and improve their life. It would be the
perfect combination of capitalism and communism, which would support the
poor and
stop excessive wealth accumulation at the cost of the lower classes (such as in capitalism) with its high tax on income, and, it would allow
people an opportunity to be rich through their own enterprise and
work, which communism denies. It would be the ultimate economic system.
