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Why the Tech World Thinks the American Dream Is Dying

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Re: Why the Tech World Thinks the American Dream Is Dying

#51

If AI automates most jobs and UBI becomes the primary source of income for most people, doesn't that imply the means of production eventually have to transfer to government control? Is there a different mechanism that makes this work without that transfer?

It is either UBI with massive taxation of everyone who provides AI services and thus keeping facade of capitalism or outright communism.

Re: Why the Tech World Thinks the American Dream Is Dying

#52

Earlier quoted context omitted.

Where’s the money for UBI going to come from when billionaires are hoarders and don’t like paying tax?

If the means of production are taken from the billionaires and given to the government, how long would their wealth last? Not sure handing the means of production to a government would be a viable solution as politicians and bureaucrats are humans and often very terrible humans at that, but I don't see how billionaires could continue to last very long once they no longer have control over anything other than a declin…

Statistically speaking, I'd take the worst of any hundred government bureaucrats over any single billionaire as far as "terrible humans" go.

Re: Why the Tech World Thinks the American Dream Is Dying

#53
post #50
post #41

Earlier quoted context omitted.

I think it is a moot question because UBI and automation will destroy society as we know it through uncontrolled, malthusian growth. I don't think we will last long enough to see what long-term culture that results in. With infinite welfare, the dominant culture will be the one that is able to reproduce as much as possible, perhaps through cloning? We are already seeing IVF, surrogate mothers and other sorts of cloni…

People aren’t rats. Overall fertility is strongly regulated by education level, labor opportunities, cultural norms, etc. If “infinite welfare” unavoidably led to a reproductive feedback loop, the richest, safest societies would already be there, which we don’t see. Your comment seems to rest on the unstated assumption that hierarchy between humans is an essential stabilizing force, and that abundance without it is u…

Exactly.

Here's Orwell speaking on the whole thing:

> "An argument that Socialists ought to be prepared to meet, since it is brought up constantly both by Christian apologists and by neo-pessimists such as James Burnham, is the alleged immutability of ‘human nature’. Socialists are accused—I think without justification—of assuming that Man is perfectible, and it is then pointed out that human history is in fact one long tale of greed, robbery and oppression. Man, it is said, will always try to get the better of his neighbour, he will always hog as much property as possible for himself and his family. Man is of his nature sinful, and cannot be made virtuous by Act of Parliament. Therefore, though economic exploitation can be controlled to some extent, the classless society is for ever impossible.

> "The proper answer, it seems to me, is that this argument belongs to the Stone Age. It presupposes that material goods will always be desperately scarce. The power hunger of human beings does indeed present a serious problem, but there is no reason for thinking that the greed for mere wealth is a permanent human characteristic. We are selfish in economic matters because we all live in terror of poverty. But when a commodity is not scarce, no one tries to grab more than his fair share of it. No one tries to make a corner in air, for instance. The millionaire as well as the beggar is content with just so much air as he can breathe. Or, again, water. In this country we are not troubled by lack of water. If anything we have too much of it, especially on Bank Holidays. As a result water hardly enters into our consciousness. Yet in dried-up countries like North Africa, what jealousies, what hatreds, what appalling crimes the lack of water can cause! So also with any other kind of goods. If they were made plentiful, as they so easily might be, there is no reason to think that the supposed acquisitive instincts of the human being could not be bred out in a couple of generations. And after all, if human nature never changes, why is it that we not only don’t practise cannibalism any longer, but don’t even want to?"

Re: Why the Tech World Thinks the American Dream Is Dying

#54

I’m really curious how UBI would interact with the base emotional responses that drove a lot of our politics. The anti-freeloader impulse is one of the easiest ways to spur people to action. Would that go away or be intensified under UBI? would people cease to be charitable after a tragedy because they expect UBI to handle it?

The charity question is easy to dispense with because it's been well-studied: the poor give more of their income to charitable causes than middle class or rich people.

"Charity" for the wealthy is really nothing to do with charity. It's a social-climbing game and part of a coordinated PR/media campaign. Charity will get you into rooms with people with true wealth and power far easier than anything else you can do.

Not all UBIs are created equal. Broadly speaking, there are left-wing and right-wing forms of UBI.

The left-wing UBI is a form of wealth redistribution to reduce extreme wealth inequality. It means giving people enough to meet their needs and have a basic quality of life. This probably won't work if the rest of society remains the same. For example, consider military personnel. If you don't live in barracks you get BAH. Landlords around a base know this so will always know what to charge. Increase the BAH and the rents go up. You would likely have similar problems with UBI unless you also solve the supply of these kinds of needs as well.

The right-wing form of UBI is simply an excuse to destroy the social welfare state and social safety net. Proponents will argue it's more efficient to simply replace everything like disability pensions, food stamps, Medicaid, etc with a UBI payment and letting people twist in the wind of private sector providers for everything.

That might make sense but, for example, living with a disability makes everything more expensive and you might have few or no options for work. We also allow disabled people to get paid sub-minimum wage as yet another form of exploitation.

As another example, we allow employers to pay below a living wage them SNAP benefits, which is twofold corporate welfare. It reduces Walmart's labor costs AND they end up spending SNAP at Walmart. And then we make political decisions about what they can spend SNAP on.

So it's a likely outcome that any right-wing UBI implementation will end up deciding what you can and can't spend money on.

Re: Why the Tech World Thinks the American Dream Is Dying

#55

If AI automates most jobs and UBI becomes the primary source of income for most people, doesn't that imply the means of production eventually have to transfer to government control? Is there a different mechanism that makes this work without that transfer?

> Is there a different mechanism that makes this work without that transfer?

Yeah. Corruption.

Re: Why the Tech World Thinks the American Dream Is Dying

#56
post #14

Earlier quoted context omitted.

How are billionaires “hoarders”? They may be a lot of things, but to use hoarders is a gross misunderstanding of wealth, billionaires, how equities work and more. Bezos does not have a castle filled with a scrooge mcduck moneypool. There are not castles filled with grain that could otherwise be used to feed the starving peasants.

Velocity would be much higher if the same amount of money was in the hands of millions more people. Corruption of politics would be much harder, too.

[deleted]

Re: Why the Tech World Thinks the American Dream Is Dying

#57

Earlier quoted context omitted.

Where’s the money for UBI going to come from when billionaires are hoarders and don’t like paying tax?

How are billionaires “hoarders”? They may be a lot of things, but to use hoarders is a gross misunderstanding of wealth, billionaires, how equities work and more. Bezos does not have a castle filled with a scrooge mcduck moneypool. There are not castles filled with grain that could otherwise be used to feed the starving peasants.

Bill gates owns over 250,000 acres of land spread across like 15+ states, idk what to call that if not hoarding.

Don't pretend that because most of their wealth is termed as illiquid that it doesn't still count. It counts, they can access it and make use of their wealthy whenever they want. Rather than doing great good deeds, they are sitting on some cash and lots and lots of assets and their focus is on growing and expanding their wealth; that is hoarding.

Re: Why the Tech World Thinks the American Dream Is Dying

#58

Earlier quoted context omitted.

How are billionaires “hoarders”? They may be a lot of things, but to use hoarders is a gross misunderstanding of wealth, billionaires, how equities work and more. Bezos does not have a castle filled with a scrooge mcduck moneypool. There are not castles filled with grain that could otherwise be used to feed the starving peasants.

Bill gates owns over 250,000 acres of land spread across like 15+ states, idk what to call that if not hoarding. Don't pretend that because most of their wealth is termed as illiquid that it doesn't still count. It counts, they can access it and make use of their wealthy whenever they want. Rather than doing great good deeds, they are sitting on some cash and lots and lots of assets and their focus is on growing and…

His foundation runs agriculture research in places like rural Louisiana. He isn’t hoarding the property, rather he is putting it to use for the greater good.

His foundation also has farms as investments, but these are agribusinesses that are in operation, they aren’t being left to lie fallow.

Re: Why the Tech World Thinks the American Dream Is Dying

#59

If AI automates most jobs and UBI becomes the primary source of income for most people, doesn't that imply the means of production eventually have to transfer to government control? Is there a different mechanism that makes this work without that transfer?

Where’s the money for UBI going to come from when billionaires are hoarders and don’t like paying tax?

Currency debasement is an option. Taxes would be less inflationary, of course.

Re: Why the Tech World Thinks the American Dream Is Dying

#60
post #45

Earlier quoted context omitted.

Where’s the money for UBI going to come from when billionaires are hoarders and don’t like paying tax?

I guess the Tech Bro vision is that there just flat out won't be any interaction with money for the lower-classes anymore, because everything they need for living would be "free" (as in, provided by a set of perpetual "subscriptions" that don't require any direct compensation, but that tech companies can modify or even cancel at any point at their sole discretion)

This is some good black mirror material here
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