Part 4/9:
- Transfers—public benefits like Social Security, Medicare, SNAP—accounting for the remaining 20%.
If wages diminish further due to automation, the economic model must compensate by expanding income from property and transfers. However, relying solely on transfers, like universal basic income (UBI), risks creating dependency on the state, reducing individual agency, and leaving populations vulnerable to political shifts that could cut these benefits.
Therefore, a distributed, property-based future is crucial. This entails developing multiple sources of income derived from collective ownership—such as wealth funds, private collective property, or residual wages—to provide a resilient economic safety net while maintaining social stability.