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by yardie 25 days ago
Dumbasses the lot of them.

Took that nonsense to Capitol Hill, trying to tell a bunch of politicians who knew damn well they are only there as long as they can keep their voters employed. They could have asked their own AI what happens when employment reaches 40-50%. Hint: it's never good. They were going to become another problem the government had to solve.

Also, UBI is non-starter no matter what Sam Altman believes.

3 comments

Sam Altman doesn't BELIEVE in UBI - but he knows it's the only way to SELL his product, therefore he pretends he believes in it. None of these guys want one cent going to anyone but themselves.
> UBI is non-starter no matter what Sam Altman believes.

Do you mean it's a non-starter in the current political climate? Or that you personally just don't think it will work?

It won't work because it's unnecessary. If these boneheads are right AI will drive the price of goods down. Price of labor goes down. It's deflationary. UBI is a backstop against inflation. And really just there so that rich people's money is worth something.
UBI can also be a backstop against deflation, can't it? If no one has income, it doesn't matter if bread costs $1 per loaf instead of $3-5 now - no one will be able to afford even $1 eventually, after they've sold their house at a loss, sold their car, sold their laptop, iphone, etc.
Afer COVID and AI, the only buzzword left is WAR. Doesn't rhyme but we are well beyond funny.