According to the "Abundance" theory, AI-related companies will become increasingly profitable while unemployment surges. In order to stave off a revolution from the unemployed and desperately poor peasants, the lucrative companies would pay a meaningful tax, which would be distributed as UBS and/or UBI.
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Idk how that's possible. When people become unemployed the consumer engine will stop, and that will trickle up. Where will these AI companies get their profits when the economy slows to a halt?
We're getting dangerously close to left wing utopian ideas. Sounds great on paper and if implemented properly could be great... it's just so open to abuse. "They" get to decide what food allowance, energy usage is acceptable for humans. We're already starting to go down that Orwellian road and it's not somewhere we want to be!!
I believe we just need to see where things go and not lose focus. Humanity will find a way. Yes there may be less white collar workers. But how about with AI if we cure cancer and other terminal illness? Then we've used it to our benefit. With bitcoin humans will be so wealthy the work week may drop to 16 hours, thus opening up opportunities for other people to get jobs. Manual labour will be around for a very very long time. And nobody is gona have a robot in their home washing dishes and running the vacuum round. It's just nonsense. First off if everyones broke like you fear who's gona be buying them??
All we know is humanity always finds a way. That is why we're so special and it's why we're here.
Christ is with us. We're just about to end the fed and step into the incredible abundance of hyperbitcoinisation.
Relax and Enjoy it Dr Jeff 😎