See this article to see why:
A Plan in Case Robots Take the Jobs: Give Everyone a Paycheck
If you can’t access the article, it basically outlines a plan called “Universal
Basic Income” (UBI) which would give every citizen a monthly paycheck to ease the dislocation caused by the coming automation of many types of jobs. The article states that proponents believe that increasing inequality will force political acceptance of the idea. Taxes would have to be increased to pay for such a program.
Give us a call to learn about some great steps you can take right now to address ways we can help you reduce the tax bite that will be taken from your retirement portfolio.
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