If AI takes most of our jobs, money as we know it will be over. What then?
-
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.
-
A favor is just a form of debt, and debt is money. It does not matter whether it's written down on paper, or just remembered.
It does matter. How much worth is helping a friend? Or how much money for your neighbors for caring your pets while you‘re in holidays?
Don’t you think they will refuse to take money for this favor? Not everything in humankind can be paid for.
-
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.
I wonder how human societies survived without money, if this is so essential for the crap.
I wonder why people do crappy jobs for money? Is it because they need much money for things such as car, smartphone, playstation? For some food, you do not need much money. Actually you can grow it for yourself if you do not live in a big city.
Sure, if one got in this consumption trap, one needs a constant inflow of fresh money.
-
I wonder how human societies survived without money, if this is so essential for the crap.
I wonder why people do crappy jobs for money? Is it because they need much money for things such as car, smartphone, playstation? For some food, you do not need much money. Actually you can grow it for yourself if you do not live in a big city.
Sure, if one got in this consumption trap, one needs a constant inflow of fresh money.
I think you've answered your own questions. Money doesn't have to be actual cash it can be bartering, I.e. I'll give you five carrots in exchange for your help to build this barn
But what if they don't need carrots right now, well you can give them a IOU for carrots whenever they want, and now you've invented money
-
I think you've answered your own questions. Money doesn't have to be actual cash it can be bartering, I.e. I'll give you five carrots in exchange for your help to build this barn
But what if they don't need carrots right now, well you can give them a IOU for carrots whenever they want, and now you've invented money
Sorry but this is a primary schools‘ view on money. I know this is how it been taught at school and this is entirely wrong.
-
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.
Yes, it goes through the government and is technically a tax, my point is that it's not funding the government.
The point isn't to be an effective way to redistribute money, the point is to ensure the winners earned it as much as possible. When someone "succeeds" entirely because of their parents' wealth, we run into the same issues as we had under kings where those at the top feel like they "deserve" to be there without actually earning it. If rich people decide to donate it all to causes they support instead of having it be redistributed, that's totally fine, because the point isn't to help the poor, it's to prevent generational wealth from determining winners and losers.
-
Yes, it goes through the government and is technically a tax, my point is that it's not funding the government.
The point isn't to be an effective way to redistribute money, the point is to ensure the winners earned it as much as possible. When someone "succeeds" entirely because of their parents' wealth, we run into the same issues as we had under kings where those at the top feel like they "deserve" to be there without actually earning it. If rich people decide to donate it all to causes they support instead of having it be redistributed, that's totally fine, because the point isn't to help the poor, it's to prevent generational wealth from determining winners and losers.
Like I said, 100% tax is just stealing.
It's not an issue to actually tax the rich, but the first x schould be tax free and after that a bracket should be low tax until y and then you can charge z percentage above that, but it cannot be 100% tax.
-
Like I said, 100% tax is just stealing.
It's not an issue to actually tax the rich, but the first x schould be tax free and after that a bracket should be low tax until y and then you can charge z percentage above that, but it cannot be 100% tax.
Sure, if you recognize generational wealth as being legitimate, taking that away is stealing.
I'm arguing that you only own the value you create. Inheriting wealth doesn't create value, so it's not really yours. I do think there's a legitimate argument for taking care of your family after you die, hence why I believe in some amount of exclusion for gifts (say in the million to tens of millions), because there are absolutely cases where it's necessary (i.e. if you have a special needs child or something) and that's not really the government's business. However, I do think the excess should be returned back to society, either through charitable donations or a direct redistribution.
Here's how I see it happening:
- upon death, all wealth is tabulated, and all real property is given a valuation by the local tax authority
- taxes are evaluated to determine how much gift tax exclusion still remains, and the will is consulted to determine how much each heir gets
- heirs get first dibs on real property from 1, and then the rest is handed out as the estate is liquidated (real property is auctioned)
- any remaining real property after the gift tax exclusion (or the will's terms have been meted out, whichever is less) goes to the state for redistribution; none of this money can be used for funding the government, it can only be used for direct costs of redistribution
I don't see permanent ownership of real property as being legitimate, and I don't think inheritances are legitimate, because that promotes dynasties. The average person will be well below the gift tax exemption, so children of wealthy parents will absolutely have a step up over other people, but they won't automatically be filthy rich.