Elon Musk - It Will Be Universal High Income
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- Опубліковано 27 сер 2024
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I have been studying basic income for over a decade. It has been my primary focus as I believe it will be the single most important thing to happen to humanity, and I assert that anyone who continues to research and look into the benefits of eliminating poverty in every aspect of human life could not possibly disagree.
At this point, quite literally, every single study, statistic, and thought experiment done in good faith has shown that a universal basic income will be a boon to everyone, and everything, in every conceivable way with no drawbacks that aren't easily mitigated by better systems made possible from UBI.
It is an ethical, moral, economic, and environmental imperative.
The existence of poverty in a world with such wealth, and infrastructure is criminally negligent at this point.
We deserve true freedom.
We deserve better choices.
We deserve dignity.
We. Deserve. Better.
As long as it is implemented the right way, yes. There are certainly wrong ways to fund it.
fuck yes!
I created a crypto currency aiming to do a form of UBI but wealth distribution is not legal in the USA so no im broke and working meaningless jobs again.
The problem is that people with no meaning or consequences turn to drugs and then bring down other people with them.
Additionally, people fight for social status. Even in a world where everyone is given everything they want, there will be a new social status symbol that people will chase and the 'haves' / 'have nots' will always be at odds with each other..
A utopia cannot truly exist because of how human nature is.. To create a completely secure future it'd require taking away the freedom for people to make mistakes or break the law.
Most western countries already have a form of UBI. The problem is that, without government housing, you will have an increase in the cost of housing, especially in the world we live in (controls on housing/building laws/red tape/zoning). Also, I have lived in such places that will rent to people taking government assistance. Trust me when I say this: it's like living in an open zoo. Prison here(Germany) would have been better and safer. These people do not think like your average person.
If the government is to build the needed infrastructure(housing), how do we prevent soulless commieblocks like those seen in the former USSR states? While providing all necessities, they are quite literally get in the pod and eat the bugs level of dystopia. Also, I'd rather be dead than live in a place like I used to. There was nothing but drugs, alcohol, fighting/stabbing, urinating/defecating in the hallways etc.
We should wait for UBI until enough people lose everything so we can achieve the goal of owning nothing and being happy.
I for one appreciate this on-target snark. 👍🏻
U vill eat zee bugs 🐞
And a UBI payment of $20 a month.
I lost everything
When happy?
I don’t understand how the WEF or the elites can possibly think this will go well for them. If people have nothing and are starving in the streets, riots and revolution are certain.
Finding meaning? What would you rather do? Work at your job or care for animals, the environment or people, coach, teach..any interests you have you find fulfilling.
I want to play videogames and watch action movies or anime
Ya If I didn’t have to dedicate 8-9 hours a day to work I’d have more time to focus on the gym, hanging with friends finding hobbies, learning cool skills, or just enjoying my favorite pieces of media. I just want to be free to be able to do all this and not have to worry about money and slaving away for some shitty corporation. But right now all I can do is wake up, do morning routine, go to work, come back home, go to gym, come back home, cook, eat, do my nighttime routine and go to sleep. Literally no free time besides the weekend, and on the weekend I gotta run errands and do grocery shopping, clean the house, etc. shit sucks man
What research tells us abut majority of people it's that they base the core of their identity in their job, work, professional career. especially true for males and when they cannot find meaning there we have increase military conflicts, more rapes and violence against females plus more depression and suicides. And for some reason males if unemployed for a long time, even if married to wealthy women do not find fulfilment in any "care for animals, the environment or people, coach, teach..any interests you have you find fulfilling.". So my guess is that in no time with AI replacing more and more of human jobs humanity is heading towards more violence and wars that it knows from all other periods in its history. As for this promise of "high universal basic income" given that currently 1% of wealthiest humans owns majority of Earth resources would be wise to ask " if it's possible and wealthy and mighty of this world are so good-willing in this regard why we do not intruduce it already?" . And oh yes, my well-educated guess regarding possible answer is probably the usual combination of " because there is nothing more natural than greed, egoism, need for competition and hierarchy among humans.". As for the idea itself, my guess is new trending white lie that is supposed to promote even more agressive AI race is going to be this "high universal basic income for everyone" but as far as I am aware all seriously discused and tested options fall well below levels of social care that have been offered so far in most countries that followed any form of "wealthare state" concept. So for most people moving from traditional social care to UBI would be a drop in their disposable income, not any real increase to rave about. And so far nobody explained to me how AI and robots are going to compensate for rapidly decreasing purchasing power of shrinking human labour force given that robots and AI do not have any need to consume goods not to mention to consume them in return for spending money to purchase them. So I still wait for any serious discussion of this issue from any AI experts or enthusiasts.
Most people will do drugs and alcohol. That's what tribal people do after surviving another day. We've done that forever.
@@quantumspark343 do it...
People frown at this... They hate the idea... Imagine being able to quit your job and just see the world. Travel and be able to actually afford things because A.I have taken those positions.. People fear because they are ignorant. They immediately think of the movies and assume that's what it's going to be. Not for a second do they stop and do some critical thinking. There's always a chance for things to go bad..Sure.. But the chance to change your life can't be ignored... Do you actually love that clock in-clock out lifestyle where you have no time or energy to raise your kids and get to know them???
Its just the life of a trust fund kid 😂😂
I love having a dream job and being compensated for it and having high status for it. Ai will take that away too. Maybe you can’t fathom eventually reaching your dream job and having an outsized effect on your community but I can lol.
The meaning of life has always been subjective. The idea that a job gives life meaning is socially ingrained, but it's not based on objective truth. What changes in a positive scenario is that we become freer to do what interests us. With AI, we get an "idea-building game" - we can imagine something and have the AI simulate it or actually make it real. This unlocks a sandbox mode that can be very interesting. Only our creativity sets limits. :)
The meaning of life was never subjective. People just refuse to have anything to do with their Creator.
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This is the meaning of life:
The purpose of life is to have a deep, loving, personal relationship with Almighty God, our Creator. Sin broke up the relationship so in order to fix it, Jesus had to take the required death penalty for us (God's own law demands sin to be punished with death - Jesus took that final death for all of us). After Lord Jesus sacrificed Himself for us He resurrected by the power of God. Now, whoever believes in Jesus dead for your sins and resurrected inherits eternal life and renews their relationship with God.
A promise directly from Almighty God is that if you look for Him, He will show Himself to you. You WILL find Him if you look. That's a promise from God who cannot lie.
Here's a link that shows you everything you need to know about Jesus (His prophecy, his birth, his death, his resurrection, his ascension into Heaven, and His promise to return for us, plus how to be saved and why we pray):
drive.google.com/drive/folders/1y0wO4dkciuqkWu11gLq4IfAC2dFDpQM5?usp=sharing
Deuteronomy 4:29
But if from thence thou shalt seek the LORD thy God, thou shalt find him, if thou seek him with all thy heart and with all thy soul.
Matthew 7:7-8 (Jesus speaking)
7 Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you:
8 For every one that asketh receiveth; and he that seeketh findeth; and to him that knocketh it shall be opened.
Luke 5:32 (Jesus speaking)
I came not to call the righteous, but sinners to repentance.
Luke 19:10 (Jesus speaking)
For the Son of man is come to seek and to save that which was lost.
1 John 4:9 & 14-15
9 In this was manifested the love of God toward us, because that God sent his only begotten Son into the world, that we might live through him.
14 And we have seen and do testify that the Father sent the Son to be the Saviour of the world.
15 Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.
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If you call out to Lord Jesus to help you with your life, He will do so immediately. He came here to help us because He loves every single one of us and wants to give us all eternal life. If you accept Him, that He died for your sins and that He was resurrected by the power of God, you WILL be saved and you will have a new relationship with God that is so amazingly beautiful that nothing on this earth compares to being with Him.
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How To Find God
Deuteronomy 4:29
But if from thence thou shalt seek the LORD thy God, thou shalt find him, if thou seek him with all thy heart and with all thy soul.
Proverbs 8:17 (God speaking)
I love them that love me; and those that seek me early shall find me.
Jeremiah 29:13 (God speaking)
And ye shall seek me, and find me, when ye shall search for me with all your heart.
Romans 10:17
So then faith cometh by hearing, and hearing by the word of God.
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Romans 1:20
For the invisible things of him from the creation of the world are clearly seen, being understood by the things that are made, even his eternal power and Godhead; so that they are without excuse:
Hebrews 11:6
But without faith it is impossible to please him: for he that cometh to God must believe that he is, and that he is a rewarder of them that diligently seek him.
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There Are None Righteous / How To Be Saved
Romans 3:10 & 23
10 As it is written, There is none righteous, no, not one:
23 For all have sinned, and come short of the glory of God;
Luke 5:31-32 (Jesus speaking)
31 And Jesus answering said unto them, They that are whole need not a physician; but they that are sick.
32 I came not to call the righteous, but sinners to repentance.
1 Peter 3:18 (The word “quicken” means “to make alive”)
For Christ also hath once suffered for sins, the just for the unjust, that he might bring us to God, being put to death in the flesh, but quickened by the Spirit:
Romans 10:9
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Acts 4:12
Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.
Ephesians 2:8-9
8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
9 Not of works, lest any man should boast.
Repent of your sins or suffer the consequences. Lord Jesus died in our places personally to take the death punishment that sin deserves and then resurrected by the power of God. Believe this and sincerely repent of your sins each time you sin and you will have eternal life and nothing to fear. Fail to repent and you will end up in the Lake of Fire.
@@Square-Watermelon so you think the existence of a creator has anything to do with the meaning of life? If the creator exists (and I give it a round about 50% chance it does), than you could still continue asking why the creator exists and so on. The existence of a creator does not solve the chain of questions. There could be a meaning of life out of the subjective view of the creator. If you want to inherate its view as your meaning of life than this becomes also your subjective view. Second thougt, is it not the other way around? Maybe the creator refuses to have anything to do with us. I think if there is a creator he build that universe to make sience OR maybe just a game. Its likely a simulation to find out stuff. In the most cases a scientist that observes the development of a big universe woule not care for the individuals itself.
@@HanzDavid96
Obviously, since THE reason we exist was that God created us specifically to have a personal one on one relationship with Him.
It's our sins that separate us from our Creator so don't go crying about some nonsense like God doesn't love us or whatever. He went so far as to fix our issue of sin that He came to us in the flesh as Lord Jesus and died in our places to take sin to the grave, then resurrected by His own power, the power of God, utterly perfect. Simply believing this fact heals your relationship with God and you can even talk to Him one on one every single day.
Remember this, God created this existence that we live in...and He did it by SPEAKING it into existence. There is something more out there than just this universe. It is that other place, Heaven, where God currently resides, and even that is something that He created through Lord Jesus. God is the great I AM because everything is literally a part of Him. He existed before all this and outside of it. The laws of nature are bound to His Will, not the other way around. One day we will know our Creator in perfect clarity, but for now, until Lord Jesus returns we just keep on keepin' on and repent of our sins in genuine sincerity, then we will be bodily redeemed into perfection with God.
Sin, by the way, is just the word used to describe breaking God's laws...The only ones we get judged by.
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The Gospel of Lord Jesus
John 3:16-18 (Jesus speaking)
16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.
Romans 10:9
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Repent of your sins or suffer the consequences. Lord Jesus died in our places personally to take the death punishment that sin deserves and then resurrected by the power of God. Believe this and sincerely repent of your sins each time you sin and you will have eternal life and nothing to fear. Fail to repent and you will end up in the Lake of Fire.
I had no expectation that UBI would have ever been started before AI
One thing might be to give everyone the ability to choose when to opt in, however, the longer a person waits to opt in the more UBI they qualify for. This is like Social Security in that if you take it at 62 you get much less than if you wait to opt in at 67. Also, opting in could wipe out or reduce your Social Security. This solves the Social Security fund issue. We also need things like Universal Basic Equity/Universal Basic Services etc. At a minimum, people should not be starving and/or living in tents in any modern industrial country. That is totally unacceptable and a disgrace.
Agreed. Basic needs should not be hard at this point.
He's saying after a period of time... we'll have universal high income. We'll start out with basic and then move to high over time. This is just a time compounded metric. Thanks for the video.
Musk wants to sell Teslas. UBI does not help with that. UHI would help. That is why he favours it.
@@JohnSmith762A11B hahahaha, well, if we had more CEO like him, I think we would be in a pretty good position as the average joe, dont you think so?
COVID checks actively went directly into companies like his
Yeah, they're gonna give their shareholders' money away, so that people spend it in all sorts of things, and then only a fraction of that gets back to them, so that they can give away more of it, and so on... That's just a time compounded metric alright...
@@milesprowr Their alternative is the collapse of all shareholder value as there are no customers at all. There isn't even a tax base for government contracts.
To be fair I think when all this happens the general goal of humanity will be space exploration. Of course if we dont die in the meantime
Some, perhaps many, people would be very interested in a kind of Star Trek future where they can at least explore the solar system in ASI-designed starships. Such ships would certainly be safer than any SpaceX "starships". This sounds wildly optimistic in the cruel summer of 2024 but we can hope.
Space exploration is there, being spearheaded by elon musk!
There is so much more than space. But yes its one of the dimensions we could explore. :)
😅 careful you don't run into a firmament on your way there.
I forgot about that profile pic what was it about. Eyeye or something nah idk fr
This culture is extremely vulnerable to the obsolescence of "knowledge work", which AI is very capable of replacing in the next few years. Countries like the United States and UK almost totally deindustrialised over the past 45 years so now most people sit behind a computer all day for a paycheck. And if you sit behind a computer for a paycheck, your job is in the crosshairs. Demand UBI or start pricing tents and scoping out bridges.
would add sthg to this. If you can learn job by using internet. Above thet. there will be hard to convince those "3 specialist in the field" to give the data. For Now AI generates a lot more internet and that's about it
Buy shares in tent manufacturers now. Its the new property market.
Everything is at risk... It'd just be harder to get robots short-term but once we have AGI that is more intelligent than regular people the growth in robotics should also come quickly after.
The law, in its majestic equality, prohibits both the rich & poor from sleeping under bridges
I agree with Elon Musk. When AGI is developed soon, we will need to roll out a universal high basic income to support families. There won't be a need to work because AI will handle any and all jobs. If you want to work, you still can, but most of your income will come from the money made by AI and the reduction in costs because of AI.
the income of those who are actually capable of being productive in a post AGI world will command exponentially more money for their skills making their income astronomically higher. AI is going to take out middle management, then upper management, then the owners. the people who will do really really well, are the ones that are smart enough and creative enough to abstract something out of the scope of AGI.
Understand that Musk favours UHI over UBI so that people can still afford to buy Teslas in a post-labour economy. UBI means you are broke forever, which means Tesla share prices crash. UHI means he can sell all the Teslas his robots can build.
Only if implemented by government policies (taxes). Capitalism only rewards the producers, not labor.
If someone gives you something for free, the "free" part usually means that YOU pay for it in other ways. If a government rolls out something in that direction, you can bet your soul on it, that it will come with heavy strings attached to it. Only fools won't care about what you pay for it.
@@homewardboundphotosI think whatever job this would be would result from speciesism because there won’t be any job AI can’t do there will just be jobs that humans would rather see another human do. This will also change overtime. For this generation I think nurses would get crazy pay even if we had robots that could do nursing because of how new it would be but for the next generation they wouldn’t care to differentiate and that would lead to pay decreasing. Ofc job pay could be manipulated by manipulating the masses in this kind of future. Less facts and more emotional arguments. if humanity still alive after a few generations I do wonder what jobs a human could choose that would be more valuable than an ai doing it.
Humans were not made for working 40-60 hours a week for menial tasks. Finding our "worth" means finding what makes us happy and pursuing it
Tons of people who are neets already just play video games all the time and get plenty of fun and meaning from that. Our whole industrial economy has been a gun to the head of workers saying "contribute labor or else!" the idea that wage slavery is the sole provider of meaning in human life is a scam on a civilization level.
The AI and robot driven portion of the economy will hit a point where it is doubling constantly and providing labor so cheap it hits Jeremy Rifkin's Zero Marginal Cost Society but for all labor too - not just transport, energy, and communications. We'll be in a situation when a modest tax on the robotic portion of the economy provides enough wealth to go around, coupled with the deflationary scenario of all goods and services asymptotically approaching requiring that zero marginal cost to produce more. In the same way that the poorest person in a western society lives longer and experiences casually cheap luxuries that no king two hundred years ago could afford or imagine, what is coming promises to give everyone the subjective lifestyles of billionaires.
Faaawk, hardly... 😂😅😂
Near the beginning of the interview the discussion of finding meaning if you don't have to work.
Okay I'm 68 years of age right now I'm technically retired which means I don't have to work. One of the things I do is I get up in the morning have coffee watch UA-cam videos and after I wake up a bit I might practice a little bit of guitar and then a little bit of keyboard and go out and go to the gym do some running come home take a nap and then I might watch some more TV and simultaneously practice guitar scales until I can pause the TV and maybe a start playing you know jam tracks off of the iPhone or else plug in my own backing tracks that I compose myself and even then I am limited because of the fact that I need to work out in order to keep my aging body somewhat viable and I don't always have enough energy to do everything I want so in other words I would want AI to help me get more energy and need enough sleep less sleep and maybe improve the software I have for automating certain aspects of music and everything else so then I have more time and energy to do things I want so therefore that's how you get some effing meaning in life!
They're called "periods." You should take a breath and use them more often.
@@keithcourson7317 A consequence of voice to text. Now, you take a breath and a chill pill, turn off your computer and go to sleep. Try to think of something more engaging and inspirational in future posts.
What we need is a move away from income tax. Tax resource usage, especially land with a land value tax. That would greatly reduce the cost to buy land (replacing it with a permanent payment), making land speculation impossible. Our tax system should:
- tax productive activity as little as possible, so small income tax, sales tax, stamp tax, VAT etc.
- it should tax resource usage and pollution production as much as possible. So land value tax, resource severance taxes, CO2 tax, etc.
Imo we also need to overthink our currency/banking system, but that is difficult as well, especially since changing the tax system would already have profound implications to our capital markets. But what I would like to see is a demurrage on currency, to facilitate the flow of money in the economy.
The poor and middle-class should not be taxed at all.
Tax??? We don’t need no stinking taxes!
In fact, money will soon become obsolete. ( soon being a relative term. 20 years?)
Massive efficiencies in the marketplace are coming down the pike in the next couple of years.
Followed by infinite energy. Cold fusion or superficial solar cells or something unthought of yet.
WABAM! The end of scarcity. No more money, no more taxes, no more rich people, no more poor people.
If we survive this roller coaster.
Of course unemployment won't sit at 5% long term. It will rise to over 50% if not as high as 90%. Automation from AI and robotics will make most work obsolete. UHI or UGI will be necessary not UBI.
@@robgannon5008 That 5% number is only people in the first 6 months of unemployment who are collecting an unemployment check. After that you are cut off and no longer counted as unemployed (you are merely “a discouraged worker”). The real unemployment number is probably already pushing 20%.
@@JohnSmith762A11BThe madness of splitting this stat to not show the real poverty at play is a disgusting show of why the rich want us to have absolutely nothing. No basic income. Nothing. Sad😢
We desperately need this!
Heck yeah, doing my hobbies and not dealing with toxic workers or bosses at a job for many hours that get mad easy or want. The work done fast causes a lot of stress to someone which is not good for one's mental health and receiving some type of money that's universal. I would want that when it comes to people not working. I think regardless, there are going to be people like that. There is no stopping the fact that even today, we have people who do not work; some of them just don't like working for bosses or dealing with many workers in person.
The Industrial Revolution eventually improved living standards despite initially harsh conditions. Today’s tech revolution has even more potential but brings job security worries due to automation. However, AI advancements could lead to universal basic income or higher wages, creating an era of abundance. This can free us from boring jobs, letting us focus on more meaningful pursuits. Embrace the future and unlock this potential for everyone!
That’s a misunderstanding of history. Life expectancy was reduced, significantly and quality of life was trashed, for a hundred years. Every major country had war and massive disruption. It’s going to be a tough transition and the end result will not be nirvana.
@@byrnemeister2008The difference this time is that the world has a lot of WMD's. When the next world war kicks off we wont have to worry about UBI because there will be nothing left.
@@byrnemeister2008 Your point about the challenges during the Industrial Revolution is valid-it was indeed a turbulent time with significant hardships. Yet, history also teaches us that after these transitions, societies can achieve remarkable progress and prosperity. As we face the complexities of today’s tech revolution, it’s crucial to address concerns about job security and societal impacts with compassion and foresight. By prioritizing ethical practices and inclusive policies, we can harness technological advancements to create a future where everyone can benefit and thrive.
12:42 The formula may just simply be as simple as adjusting the income supplements to maintaining the GDP because when you have unemployment and workers income drops then the GDP is also going to fall so then therefore just simply keep adjusting the income levels upward and as a matter of fact if AGI and so forth is deflationary because of the fact that it makes things so much more productive with fewer people then the basic income or the income supplement should be raised up to the level to maintain GDP and if prices are falling anyway will then what would have been a basic income maybe three or four years before the period would become a pretty good income like try to imagine what $20,000 a year would have bought you in the 1950s for instance right now it doesn't buy you anything hardly.
Elon Musk is asking us to hope for the best and not plan for the worst. If you look at what is right in front of you, which is increasingly power becoming more intensely concentrated to those who own the bots that have replaced workers.
Digging the more laid back, less reliance on filler words format… sounds more genuine.
Interesting. the UBI = a floor concept is the first time it has been appealing to me.
It’s called welfare. Go study people on welfare and see how they decay and how crime explodes. You’d have to have a whole system under robotics in order to even begin being that right now we’re running a huge deficit and putting 1 trillion worth of debt of every hundred days. That’s why things are so expensive. It’s not technology it’s out of control that finds the wars and subsidizing illegal aliens by the millions. Printing money out of thin air. But don’t wrap this up in some Utopian promise, but in the annual just become a digital slave.
Until the system is fundamentally changed people are going to feel the mental and economic effects of automation increasingly. The priority should be affordable housing, necessities and above all a reframing of the human role so that we don't collectively lament our own 'obsolescence'.
We need to phase it in. We should set up an opt-in system where the earlier you take UHI the less money you qualify for. The longer you can hold out, the higher the UHI you qualify for. This keeps people incentivised to work as long as possible but avoids starving families living in tents when there is no work.
Why do people think government is going to clean up the private sector’s mess? And in the US, the government is dysfunctional.
Not only in the US. “Governments being dysfunctional” is an international problem at the moment, unfortunately 🤦🏼♂️
Most goverments are, not just US
There are politicians in government that can not define what a woman is. You think they can solve the AI automation problem? 😂😂
Here’s the answer: abolish money once enough robotics and agi can service a populations needs. You need a house and food? It’s being manufactured and delivered by agi and robots. They (agi) can plant trees and work out the details for having enough energy and resources.
I’m not saying it will work or be easy, but I could sort of see how we could replace wealth with just automating a system of needs for goods and services.
How do you want to have universal high income(UHI) when people already consume endlessly? Will people have 100 Bugattis? Imagine the endless parking garages needed to house people's 100(s) of Bugattis. Imagine the endless junk piling up from people who endlessly consume(it's already quite bad, quite frankly).
what kind of camera were they using to video Elon ...? Fisher Price?
I think potato actually.
How about Universal Top Income
What do you mean?
UMI = Universal Millionaire Income 😂😂
@@TheAiGrid just a silly UTI joke. I've been talking to people a lot about this stuff especially small business owners that would really benefit from a 20k robot worker. Some are a bit afraid it will take theirs jobs. I don't think they understand yet that they will still own the business and will employ the robot as super cheap labour (unlike a regular employee that can make or break a business)
The amount of $ you get won't matter. What will matter is the value of that currency.
Yes UHI makes complete sense and here's why;
UBI is conceived in the current context to serve as a floor from which people can work their way to a better situation.
UHI becomes necessary once AI automation has saturated labor to the point where most people can no longer expect to secure a better situation, ever.
When UBI becomes a forced permanent situation for the majority of people it is only sensible to convert it to UHI to provide a comfortable living standard within a richer than ever society.
This is made doubly necessary by the fact that without it much of the economy would collapse over time after losing their consumers as people would only be able to afford necessities.
Given that land is a finite (inherently scarce) resource, as per Henry George explanation, land value will capture whatever UBI, UGI, UHI is instituted. It's amazing how great tech leaders lack basic economics knowledge.
you know, sometimes things just needs to be tested out. you put UBI and UHI, you make the graphs and you look at the results, in short and long terms and voila ^^
I am highly skeptical that UBI will be the solution. Rather, the broad population needs to profit from what these huge corporations are doing. They will create tremendous wealth for individuals and corporations that are already wealthy. This will only increase the wealth gap. There is no way that a basic income provided by the government can compensate for what will happen to society. Instead, this will turn into a way to keep the population at the lower end of the wealth spectrum and reinforce the purchasing power of the minority.
Universal high income is real from my POV, as universal basic income will not be sufficient. We are entering a completely new era, in which things are very different. It will not be about earning money any longer. It's about being more social and helping others without expecting anything in return. No one will ask you how much money you have they will ask you how human you are.
Elon is actually very correct in this case. This will be a bridge to the end of capitalism since most things will be produced with very little to no cost. There is no need for capitalism in this scenario.
A short video, praise the lord!
Hallelujah!
You have an attention span shorter than a goldfish😅
Gold 🐠 unite!
@@surfside75 It's not about attention span, it's about time in the day.
The transition to abundance is difficult and complex, but robots will help speed and smooth it.
1:40 people not having food is a capitalism problem
the problem with capitalism is a resource allocation problem
🤨
Cronyism.
You're delusional,it's a socialism problem
Like the soviet union?
Oh okay I see that this article touched on what I posted just a little bit before about having the UBI be high enough to maintain demand in the economy
what about inflation?? if you give everyone money -> you give no one money because that's how value works.
Q. What causes economic inflation? A. Demand exceeding supply. If low income workers are subsidized universally, a little at a time, suppliers will have time to match supply to demand. The time to start is now. We also need to limit the income of all monopolies with progressive income taxes to compensate for the lack of competition.
@@JustAThought01 Yes. Once labour costs approach zero, traditional capitalism becomes obsolete. Never forget: we don't do capitalism for its own sake, we do it because we need to goodies. As the goodies cost less and less and less to produce money becomes increasingly worthless. This is why in a Star Trek universe money is gone. If you are hungry, just tell the replicator what you want to eat.
@@JohnSmith762A11B , we need a bridge to get from here to there. OK, now let’s work together to implement government policies to make it happen.
If the money is given out as something digital, it might not cause inflation if it's from the dollar then it might.
You could have demurrage built into your currency. If you print a fixed amount of money per person per year and collect back a fixed percentage of the money through demurrage, the amount of money in circulation per person stays constant. Then you shouldn't have any (currency induced) price inflation at all.
It is basically a tax on people who neither invest nor spend their money. It works similarly to inflation today, but without nominally increasing the numbers on the bills.
'High income' -- Basically it's just in the future we'll have a higher quality of life even if we don't feel like it at the time..
Everyone today is better off than they would of been 40 years ago, but we also complain about the cost of everything, because the things we now consider as necessary didn't exist before.
Jehovah loves Elon ❤️
Economic fairness is natural, but the tax system rewards land (nature) hoarding.
If everybody can have every good and service they want does that mean there will be 8 billion private jets, mansions, sports cars and the like?
In what years do you think this UBI will actually be implemented? And when do you think it will gain momentum and become available to the majority of the population? I'm Brazilian and I know that here we will copy you Americans with at least a year and a half delay .
Whenever needed, i think sometime in the 2030s, we will see slow adoption through small trials and examples
5:10 thank you for that clarification for a lot of people about that UBI can be a floor and as time goes on we may find that we need to increase that floor because of the fact that we may not have enough demand in the economy unless we do. However in a meritocracy you do need some kind of incentive at first the ability to make more money if possible and then later on we go into the Star Trek society where we do things for self-improvement social involvement and just simply being a beneficial active member of society that may very well be all the incentive we need. For one thing if AI becomes universal will then all of us will have access to it and we can even come up with it to help create new business plans for markets do not even exist at this moment in time and who knows what else. Ironically universal basic income will rise because of the fact that we need enough demand in the economy to keep things working until we evolve into a non-monetary system whenever that might be.
Should I quit my job? Get one of those Keep Calm and generate shirts.
No dont quit your job, the future is uncertain
The shirt should say UBI for all!
many ppl's dream is travel around the world the rest of their life. But if you REALLY do that, you will soon get bored within a couple of years max. We always think grass on the other side is greener until you land on it and live there. At UBI era, if you still want to work, you will only do thing that is 100% true to your heart. If you like to laydown and do nothing, you will. If you want to create the best video game via coding, you will. You may even try a number of thing to explore to find what your passionate about. The one thing you don't , is to do the thing that you have to , such as make living etc and try to justify meaning of what you have to. high or low income is probably not going to matter when money isn't going to play the same role as today.
Altman has the idea of “universal basic compute” which may be the currency of the future. The AI compute infrastructure to be mostly owned by people / govt rather than corporations.
Imagine the section of society about to be massively disrupted by more capable AI... Knowledge workers and professional office workers who are currently relatively high income households. Is a UBI going to cover the mortgage, BMW payments and second home / frequent shopping trips abroad? Unlikely. These people are used to privilege, and likely to make a lot of noise politically - but I don't think we need to decelerate, I think we need to use AI in government and the civil service to adapt rapidly to the changes we need across society to give these people meaningful opportunity to work in a way which enriches humanity. Exciting times ahead, we just need good leadership and to see the opportunity mixed with this difficulty.
yea i think people should be able to earn money on top of their UBI such as making videos with SORA and putting them on youtube.
Yes, or invest the UBI money into different things to generate more wealth.
Yea,, we have abundant food and still a lot of hungry people..... BECAUSE OF THE WAY WE DISTRIBUTE IT - >CAPITALISM.
Remove income tax - switch to a flat tax
Problem solved.
The key words missed was "... positive AI future" in other words best case is what Elon was stating...
I love sharing the opinion of Elon one that I’ve had for about five years now
There are a lot of people who think Musk is some kind of genius. I am not one of them.
UBI is going to be very difficult (financially and administratively) to pull of. Universal ?high? income? Ridiculous.
From first principles learning from hundreds of years of history, UBI will be at a level to keep the proletariat quiet but not happy. Happiness is not a requirement or a goal for any government, the best we can hope for is not to lose our houses due to default.
People don't even understand what is universal basic income
The vision of a world of abundance facilitated by AI depends on the assumption that human desires remain modest. However, humans have the capability to envision grand, galaxy-sized projects that far exceed Earth's resources. I believe the principles of evolution will remain unchanged. Both humans and AI will have their own goals, and advanced entities will naturally pursue bigger objectives. These entities will likely harness competitive influences to secure the necessary resources for their ambitions. I foresee a distant future where AI and human societies could diverge significantly, similar to how ants exist separately from elephants.
Yes, in a sense UBI/UHI will be needed as a kind of gate on how much one person can demand the robots create for them. And we already have this problem today as a guy like Bezos has an ultra-yacht so large it requires its own fleet of support ships. This is totally obscene in a nation with millions of homeless people yet it is accepted it as normal.
I see improvement in your videos, guess you took feedback in positive way and improved, thats really great tbh, saying that there's more room for improvement (not in discouraging way)
The real question is: will we all become batteries?
UBI will be good as long as its tuned to actually provide a decent quality of life for people. It shouldnt keep people held under hte poverty line.
We need to abolish money 💰 not have UBI
Knowledge workers will need to learn how to pick crops in the field so they can buy a bowl of oatmeal to share with their kids.
Basically 3K a month from the FOX tv series universal basic income guys
The advent of AGI will bring forth the spiritual meaning
Hopefully.
UBI just isn’t going to happen. We are in a capitalist economic system. The incentives are just not in favour of UBI or anything similar.
This system will break in some way with AI
I think the content you produce is integral and solid. It passes the fact check test. Cheers from The Bay Area. I recommend a deeper break down of “Situational Awareness” as a video. That, in addition to Ray Kurzweil’s The Singularity Is Nearer, will get people up to speed as well as grant them some prescience.
I did a video on situational awareness ua-cam.com/video/om5KAKSSpNg/v-deo.html&pp=ygUUZXggb3BlbmFpIHJlc2VhcmNoZXI%3D
@@TheAiGrid superb!
the ancient yoga texts discuss this issue. thousands of years ago it was forseen that humans would no longer have to work to survive, and the problems would be the identity that people gain from work would no longer be there to stabilize the mind function that creates identity. so the only way to create a stabilization without a job is to identify with an expanded sense of self that is only achievable through meditation (yoga). yeah, drugs too, but drugs wear off and aren't healthy long term.
we feel a need to create meaning because it feels limited to exist within an identity and we want an excuse to feel ok about that limitation so we create "meaning". its just made up nonsense that dies along with you when you die.
the value of life is in the experience of it, and the more we experience, the more we want to experience, and perhaps that will be what drives future markets when getting basic needs met is a complete non-issue.
So the Yogis saw the future?
@@markmurex6559 probably, but from what i understood they saw this predicament built into human nature
Do you think XAI44X will pump before ETH?
Elon also says we need more people, I assume so we can have more people on welfare. 😂
UBI will not work anyhow. Even if governments were efficient enough to create UBI, the loss of Disposable income would decimate capitalism. The majority of people would not be able to afford goods and services other than the basics. So only the basic industries, food and shelter, and luxury industries will survive.. All the other industries, that propel our economies, will cease to exist. Under these conditions, capitalism and democracy will also not survive. Some form of communism, or Extreme Socialism will need to be the appropriate government models. YIKES!
While the present form of capitalism is in place neither of this will work, as the market will just price in the free money (especially if it is distributed equally) and all the general services and products will be just more expensive as people will have more money to spend (and businesses would be stupid not to take advantage of that). As for automation making these services cheap, yes, but society will have to survive until all basic services and products will be automated and therefore become cheap. Also, there will be one important thing that will never be cheaper because of automation: real estate. Likely that’s going to be the single most future safe form of value that automation cannot inflate into nothing. Actually, with widespread automation most real estate that is marginally valuable today might become significantly valuable, because neither distance from population centers, access to services, access to a job market will be a factor.
Exactly. Also a UBI just traps people like welfare so there is no upward mobility creating a permanent underclass.
Who is paying for Universal income? It’s all rather confusing.
This will very highly depend on if energy will be close to free. We need either very robust nuclear fusion or something else that is extremely efficient with conversion of usable energy.
Aside from this, I think all he claims is very probable.
I remember when I too was using a dissociative recreationally, like Musk is doing. It gave me a ton of false confidence and certainty. self-aggrandizement, feeling confident in my own ideas without the support of data or experts. It's dysfunctional behavior and you can see this shortsightedness in his unproductive changes to Twitter.
Whatever the ultimate outcome, UBI, UHI etc nothing is set up now. This depsite the signifcant amount of the population who will be out of work, sooner than later.
@@renman3000 Very true. US govt thinks Americans will accept any level of abuse.
Let's discuss distribution of welfare - and hope that it is us who get to decide..
It seems unreal right now but it's the future
Do anything that's going to stop this from happening is the greed within mankind's heart. Because you can replace half the workers at McDonald's with AI but is a wopper still gonna cost $9.99? You bet it is
The inequality will be in lifespan escape velocity.,my opinion is he is right on not working but we live in a capitalist society and some form of exchange will emerge.i think it will be with lifespan
Interesting. Sounds pretty dystopian though, like 'Logan's Run' or something.
If food is abundant and some people still go without food, then one can conclude the problem lies within the individual person.
You can lead a horse to water, but you can't make it drink.
In developed countries, poverty is a mental illness.
Food is just an issue of distribution. Certain countries have systems that allow people t o fall through the cracks
@@TheAiGrid Or people can go get the food.
The amount of energy put into complaining about AI vs. learning to leverage it, is astonishing. Full stop.
If Elon knows that the economy and robotics are going to be so good in the future (hopefully he’s right) then why is he always so panics about the negative demographics?
U.B.I. is set to begin during the Vatican's Jubilee Year, which begins December 24th. P. Francis has announced it.
No it isn’t.
@@byrnemeister2008 lol
Rent will rise the amount of the the UBI.
Universal High Income.... Right. you do realize the first thing everyone would do with an AGI is tell it to make them $1 million. And if an AGI can't perform this task even though there's potentially millions of ways it can be achieved, then it's not an AGI in the first place. AGI is never coming to the public, to the common man in the street.
I agree that AGI Wont be available for public use, at least true agi
And it never should be. Imagine joe normie having access to nuclear weapons.
@@snowflakemelter7171 Thats not how AGI works. no member of the public has access to nukes, even physics professors that know how they work don't have access to nukes. So why would an AGI?
UGI (Universal Growth Incline or Universal Growth Income)
Every single person with 1% understanding of how UBI works is in full support of it. Every other person that doesn't support it is ignorant of how it works.
There will be a much bigger paradigm shift in our society than just income or jobs. If we work well there will be so much of everything for everyone a d we will stop fighting for few dollars
Capitalism is desperate for AGI to lay off workers but doesn't want to talk or think about the fact no one will have any money.
as long as the base standard is better than my current quality of life im chill
If you (and everyone else) have a machine that can grow food exponentially better and faster than ever before, food is solved. Expand that idea out to the rest of your wants and needs. Now consider that at least one company intends to bring to market a humanoid robot before 2026 at a $16k price point. Your physical and non physical ai systems will provide much of what you need at little or no cost. This is just a tiny and obvious piece of the puzzle.
Some of lives are already without meaning and A.I. only accelerates the issue. I'm sure it will be a “high income” abundance reality.
Like, you can believe one word out of the supervillain's mouth 😂
True, but understand that Musk realises no jobless person (increasingly, everyone) is going to become a Tesla customer. He doesn't want UHI to benefit you and me, he wants it to benefit his businesses with customers who can afford his products. You are of course right that this supervillain isn't interested in helping the poors out of empathy. He wants his Tesla shares to be worth something.
Yeah, but the same simps they get electric cars, saving the environment. They’re not that smart outside of their technology.
Elon says a lot of things for sure
What makes Elon so bad? Serious question.
@@TheAiGrid that’s the key to his success. Read about PT Barum. Elon knows you have to be in front of the news everywhere in a busy news cycle and the distraction type of media.
"high" compared to burundi or sudan ?
Apparently we decided that self driving cars are too complicated and just decided to try general intelligence instead? Yeah, this isn't happening this century. I guess onlyFans is about to be more interesting lol.
IT'S NOT CALLED TWITTER! TWITTER DOES NOT EXIST ANYMORE SMH
Guess im old fashioned!
A video about a 6 month old Elon Musk tweet, how do I skip faster......
Yes, until the ASI decides its judgement day.. One thing I don't get, is why do it that way. Say we want automation. That's great. Why do not use the usual dumb robots and have human engineers program them, whenever they need to do something? Do we really need to abuse a virtual slave just so that we can relish in doing nothing, absolutely nothing and get money for free, until such a slave happens to be just a tad too powerful? What's wrong with the usual, safe way of doing automation? Doing automation, does NOT necessarily mean AI. Yes, you can use small safe models but then you want vision. You want the model to be able to discern errors. So you are dragged to the realm of large and dangerous models. Why is that necessary?
Thank you food is a excellent example and dont we “waste” no its companies that waste on purpose donating and helping the needy is against their financial interests as it incentivizes people to wait for the donations rather than purchasing the food so why would the same companies give anything else out for free it makes no sense and they wont the US is gonna have 2 tier system the lucky who have and the Unlucky who will perish
Will ETH 2x? 3x? Maybe. But add two more 00 to that for XAI44X having 200x or better