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If AI takes most of our jobs, money as we know it will be over. What then?

Technology
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  • You still wouldn't want to do any taxation at 100%, make it 70 or 80% sure, but 100% is just bullshit and 70-80% will be enough. The way to get people to accept higher taxes is to explain it to hem. People will also do everything in their power to not pay that 100% tax, including just stopping their Dang business for that year if corporate income would be taxed at 100%

    The spousal thing is generally solved in the world by giving an exception, in NL it's like the first 800k is tax-free when your legal spouse dies.

    Money inside companies is just money that will be taxed at a later date, the issue is that billionaires in the US put their stocks up as collateral taking out loans. It would be taxed again if they dividend it out or pay themselves somewhat of a wage.

    The issue with companies is that evaluating them is something that you just cannot easily do every year for the tax report, unless you just go look at the equity = company value. We do have some designation for small, median and large companies based on revenue, balance total and FTE count, well at least in NL it is based on those 3.

    Small companies need some tax breaks and larger companies don't, but a lot of companies are split up to multiple different companies to be able to benefit from tax breaks.

    Property should be community owned and exclusivity agreements should be temporary (i.e. real estate should be owned until death).

    Owning a single property is not the issue, every family should be able to own one. It's the fact that people own multiple properties. You want to make it so it is not a good financial decision to own multiple properties, either you as a business or you as a person.

    generational wealth shouldn’t be a thing.
    You mean massive amount of generational wealth, but in my example that kid that lost his parents should still inherent that house right?

    Just increase the inheritance tax for everything after a mil or so. It's still a couple taxation, but hey

    The idea is rooted in the same ideas that Georgism is based on, which is the idea that people should own the value they create themselves, whereas things like property should be communally owned. Inheritance money isn't created value, so I think there's a good argument that it should be capped, and any excess should go to the people..

    I don't believe in inheritance tax to fund the government though, it should merely be redistributed either as cash or donations to unaffiliated charities. The only tax used to fund governments should be land value taxes.

  • The idea is rooted in the same ideas that Georgism is based on, which is the idea that people should own the value they create themselves, whereas things like property should be communally owned. Inheritance money isn't created value, so I think there's a good argument that it should be capped, and any excess should go to the people..

    I don't believe in inheritance tax to fund the government though, it should merely be redistributed either as cash or donations to unaffiliated charities. The only tax used to fund governments should be land value taxes.

    100% inheritence tax will go to the government though.

    Still it's basically stealing from families anyway.

  • The current tech/IT sector is heavily relying on and riding hype trains. It's a bit like the fashion industry that way. But this AI hype so far has only been somewhat useful.

    Current general LLMs are decent for prototyping or example output to jump-start you into the general direction of your destination, but their output always needs supervision and most often it needs fixing.
    If you apply unreliable and constantly changing AI to everything, and completely throw out humans, just because it's cheaper, then you'll get vastly inferior results. You probably get faster results, but the results will have tons of errors which introduces tons of extra problems you never had before.
    I can see AI fully replacing some jobs in some specific areas where errors don't matter much. But that's about it. For all other jobs or purposes, AI will be an extra tool, nothing more, nothing less.

    AI has its uses within specific domains, when trained only on domain-specific and truthful data. You know, things like AlphaZero or AlphaGo. Or AIs revealing new methods not known before to reach the same goal. But these general AIs like ChatGPT which are trained on basically the whole web with all the crap in it... it's never going to be truly great. And it's also becoming worse over time, i.e. not improving much at all, because the web will be even fuller with AI-generated crap in the future. So the AIs slurp up all that crap too. The training data gets muddier over time. The promise of AIs getting even more powerful as time goes on is just a marketing lie. There's most likely a saturation curve, and we're most likely very close to the saturation already, where it won't really get any better. You could already see this by comparing the jump from GPT-3 to GPT-4 (big) and then GPT-4 to GPT-5 (much smaller). Or take a look at FSD cars. Also not really happening, unless you like crashes. Of course, the companies want to keep the illusion rolling so they'll always claim the next big revolution is just around the corner. Because they profit from investments and monthly paying customers, and as long as they can keep that illusion up and profit from that, they don't even need to fulfill any more promises.

    At some point AI will end up using their own AI generated slop, which is themselves derived from other Ai generated slop

  • But the billionaires won't need us as slaves once they have their fleets of robots.

    They do need concubines and harems to maintain their fantasy dynasty

  • I fully suspect some billionaire will invent "vibe repairing".

    They fantasizes about it so vibe research

  • 100% inheritence tax will go to the government though.

    Still it's basically stealing from families anyway.

    I'm saying it shouldn't, it should instead be distributed to the people. It should be used for something like UBI.

  • I'm saying it shouldn't, it should instead be distributed to the people. It should be used for something like UBI.

    Which goes through the government.

    Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.

  • They do need concubines and harems to maintain their fantasy dynasty

    Depends how good the robots get.

  • If AI takes most of our jobs, people will earn less and have less money, which restricts consumerism.

    Consumerism can only stay running with UBI and that's why it should be implemented.

    Tell your local politicians that measures that give people more money are good for the economy. Maybe that will make them listen.

    Tell your local politicians that measures that give people more money are good for the economy. Maybe that will make them listen.

    That is always been true. You don't need the AI.

  • Ever had an "AI" show up at 2AM on an emergency call to fix a gas leak? How about an "AI" to cook a breakfast sandwich? Maybe an "AI" is taking over babysitting while you're out of town...? No?

    "AI" doesn't do anything. But if your job primarily revolves around words or pictures on a screen, maybe "AI" can help you with that.

    I get what you're saying but an AI cooking me a sandwich (also what's "cooking" a sandwich) is like the easiest thing in the world. That could very easily be automated.

  • Oh, they've planned for it. They have their billionaire bunkers. Bezos has three that we know of.

    Ok great. He can go and live in there while we ignore him.

    These bunkers are a boondoggle, what's the plan here, is he going to stay in there until civilisation rebuilds itself into a capitalist system. If so he's going to be waiting a while.

  • Same as ever…was that money wasn’t needed.

    Do you need money within your neighborhood or your family? Do you pay people for giving a favor?

    Money is a way to get people to do things they wouldn't otherwise do.

    If you don't have automation you either have to have money or slavery. One of the other is required to keep society going otherwise no one's going to do the crappy jobs. Since someone has to do the crappy job you have to find a way to incentivise them and that's money or whips. Don't kid yourself into believing that money isn't necessary, it is.