People like Altman and Musk are saying that Universal Basic Income will be necessary once AI has fully automated away most jobs, but at the same time they aggressively fight against any kind of tax policy that would allow UBI to function. I am convinced that their talk of UBI is just handwaving; they're trying to convince us that there will be a solution to the destruction of the economy as we know it, so that we'll…
Because that isn't the UBI they're thinking of.
Altman runs an eyeball-scanning crypto startup and Musk wants to replicate WeChat to create a panopticon paradise for surveillance capitalism. In their world, UBI looks like something that even Black Mirror writers would reject as too unrealistic:
a) Free housing, but it's right next to a datacenter with its 24-hour noise. If you develop health problems from drinking the water or living near power lines, you get mandatory arbitration before an AI judge, with your legal representation provided by Grok.
b) Free money, but it's all in Worldcoin, and can only be spent at company-owned stores built around the datacenter. X.com charges a 30% fee if you try to convert it to USD.