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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

#3

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?

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

#5

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?

Robots and drones will keep the masses in check.

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

#6

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?

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.

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

#7

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?

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 declining number of currency units.

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

#8

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?

UBI and capitalism don’t match.

Quite the opposite, capitalism even enforces useless work because it’s the main source of income.

That’s why all these AI bros dreams of AI benefits are BS unless they think they could get rid of capitalism

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

#9

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?

I'm far less worried about the consequences of automation than I am about the consequences of the chase for automation.

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

#10

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.

Don't most of them have prepper level bunkers on large parcels of property, a private jet flight away in case things go truly south?
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