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.
