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The bridge to wealth is being pulled up with AI

danielhomola.com

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Re: The bridge to wealth is being pulled up with AI

#251

Post by monknomo »

Nevermark wrote: post #154
cglan wrote: post #16

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel econom…

There isn’t an alternative to allocating resources with money because money is a just measure of value. Things will get valued, relative to each other. Because different things are harder to make, or needed more. And it’s a whole lot better to measure that and make decisions informed than to not measure properly, or ignore those measurements, and watch resources get misdirected in a way that shrinks the economy. You…

I think this is a good way of thinking, and it suggests that breaking up large clumps of money and resources is a reasonable way forward

Re: The bridge to wealth is being pulled up with AI

#252

Post by raw_anon_1111 »

bix6 wrote: post #69
cglan wrote: post #16

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel econom…

We’re already there. Your individual labor isn’t enough to make a living unless you subscribe to the altar of a feudal FAANG. This is preposterous. > Collectively, the wealthiest 1% held about $55 trillion in assets in the third quarter of 2025 — roughly equal to the wealth held by the bottom 90% of Americans combined. https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-d...

Please.

The median household income in the US is around $85K

https://dqydj.com/household-income-percentile-calculator/

The median individual household is $55K

https://dqydj.com/income-percentile-calculator/

Neither are living on the streets.

Re: The bridge to wealth is being pulled up with AI

#253

Post by 0xDEFACED »

lagniappe wrote: post #14

>Most of the traits you were born with - intelligence, conscientiousness, height, bone density, grip strength, resting heart rate - follow a bell curve. Is this written by AI?

>No regression. No noise. Just compounding.

it seems like half the articles I click on here are generated, and in half of those, nobody in the comments seems to notice (or care)

Re: The bridge to wealth is being pulled up with AI

#254

Post by drivebyhooting »

One thing I observed recently are all of the boarded up garage attendant offices/booths. I suppose automated ticket kiosks, and security cameras have made that job redundant.

But I wonder where did those employees wind up? Amazon warehouse picker? Delivery driver? The replacement job needs to be of commensurate skill and intellectual level.

I’m not a believer of up skilling. Quite the contrary, it seems that education is going in the opposite direction.

Re: The bridge to wealth is being pulled up with AI

#255

Post by sylos »

bloppe wrote: post #200
ceejayoz wrote: post #189

Earlier quoted context omitted.

I had to drop off my health insurance when the bill hit $4,850.24/month. Millions did the same. https://www.cnbc.com/2026/03/19/aca-enrollees-uninsured.html

That sucks and I hope congress gets their shit together soon, but there are a lot of non-FAANG companies that offer insurance.

My guy, congress can't even remove valid bad actors who openly lie to and threaten them. They will never fix any problems except their "light" pocket book

Re: The bridge to wealth is being pulled up with AI

#256

Post by 9rx »

adverbly wrote: post #136
5aq9238 wrote: post #98

Earlier quoted context omitted.

Given that rich people often push Georgism, it looks like a trojan horse. Only rich people will be able to afford land. 3. Push back against AI, do not accept it as inevitable. Treat it like cigarettes or leaded fuel.

> Only rich people will be able to afford land. That's literally the problem Georgism uniquely solves. See: https://en.wikipedia.org/wiki/Georgism > rich people often push Georgism Your user was created 8 minutes ago specifically to make this comment! It seems like its literally you who is pushing things! The gaslighting in this comment is insane!

> That's literally the problem Georgism uniquely solves.

Georgism solves for land not being used productively. That means it isn't economical for rich people to hoard land, but it also means that it isn't economical for poor people to hoard land. The difference is that rich people can take that land and start doing something productive with it (build large-scale housing, a factory, farm it, etc.) Poor people can, at best, only afford to hoard it — which Georgism puts a stop to.

Re: The bridge to wealth is being pulled up with AI

#257

Post by vel0city »

kjkjadksj wrote: post #158
pastel8739 wrote: post #121

Earlier quoted context omitted.

Who is going to buy the stuff that the AI and robots produce, then? What will the point be of producing all this stuff?

You act like I produce the dollars I spend. No, the government does, who debases our currency to print more.

You act like I produce the silver I spend. No, the miners and minters do, who debase our currency mining and minting more.

Even if we tied our economic system to shiny rocks the vast majority of us aren't involved in the production of shiny rocks. We're still just trading tokens we agree have some kind of value.

Re: The bridge to wealth is being pulled up with AI

#258

Post by Antoniocl »

shafyy wrote: post #44
bloppe wrote: post #30

Until I see median real income start to actually go down, I just don't buy it. AI is currently a commodity. Maybe one of the labs will be able to differentiate sufficiently to be able to charge the kinds of premiums they need just to pay back their investors. Maybe, instead, we'll see something akin to the FOSS revolution, where large, high-quality, open training sets are developed to make sure there's always a fair…

You can't just look at real median income. You also need to look at other factors like wealth inequality, housing prices and health care.

Well, I think in the context of the parent comment, separating out housing would risk overstating changes in its effect on purchasing power because increases to housing would already be captured by inflation (since we're talking about real median income, which is already inflation adjusted)

I agree that housing affordability is a major problem and that looking at it independently could help you quantify if housing specifically has become more unaffordable, but that's a different question then whether the median person's overall purchasing power has declined (considering all of housing, healthcare food etc)

Re: The bridge to wealth is being pulled up with AI

#259

Post by monknomo »

5aq9238 wrote: post #98
adverbly wrote: post #65

Earlier quoted context omitted.

Seems like if we want to avoid dystopia, our options are: 1. Full-blown socialism 2. Georgism Georgism may have been right all along!

Given that rich people often push Georgism, it looks like a trojan horse. Only rich people will be able to afford land. 3. Push back against AI, do not accept it as inevitable. Treat it like cigarettes or leaded fuel.

georgism would make owning property, such as ai, very expensive. it is a way of ensuring that rents get recirculated back into the rest of society

Re: The bridge to wealth is being pulled up with AI

#260

Post by slavoingilizov »

ceejayoz wrote: post #189
jmye wrote: post #117

Earlier quoted context omitted.

> We’re already there. Your individual labor isn’t enough to make a living unless you subscribe to the altar of a feudal FAANG. This is preposterous. You think you already can't "make a living" without working at a FAANG? Is this a serious post?

I had to drop off my health insurance when the bill hit $4,850.24/month. Millions did the same. https://www.cnbc.com/2026/03/19/aca-enrollees-uninsured.html

This is a problem specific to the US. The price of your health insurance is very far from the actual cost of it to providers.
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