"The basic principle of the whole thing has been completely overlooked, that the purpose of the machine is to make drudgery unnecessary. And if we don't allow it to achieve its purpose, we live in a constant state of self-frustration. So then, if a given manufacturer automates his plant and dismisses his labor force, and they have to operate on a very much diminished income (say, some sort of dole), the manufacturer suddenly finds that the public does not have the wherewithal to buy his products. And therefore he has invested in this expensive automotive machinery to no purpose. And therefore obviously the public has to be provided with the means of purchasing what the machines produce. People say, "That's not fair. Where's the money going to come from? Who's gonna pay for it?" The answer is the machine. The machine pays for it, because the machine works for the manufacturer and for the community."
Basic income

January 1, 1970

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Original Language: English