Quote Originally Posted by spoonitnow View Post
This is a real issue that is going to need to be addressed in some way because we're going to end up with a large class of people without employment thanks to automation.
If that was to happen, it would mean that humans no longer have a comparative advantage over machines. In that case, it may be that jobs are the last thing we should worry about since it would likely mean AI would be more advanced than humans. Your premise would also mean that humans aren't consuming.

The hypothetical scenario in the zeitgeist today cannot happen because it is a contradiction in terms. It can't be that business owners get wealthy by using machines and consumers need subsidization in order to consume the products that make the business owners wealthy.

Unfortunately for the left, the solution can't just be to tax the fuck out of people who are higher up on the food chain, but they're so stuck on that idea (especially with regards to the more short-term issue of the minimum wage) that they can't see that.
The "solution" to tax and redistribute doesn't even address a real problem, and the tax would just result in a net negative due to efficiency loss at best. This scenario, which is the contemporary narrative, cannot happen: automation makes business owners better off and consumers need subsidies in order to buy what makes business owners better off.