
The Waffle
1.9K posts





Zohran Mamdani: “I wish the words of Tupac from the 90’s weren’t still prescient, but they continue to be true for too many which is that we always have money for war and not to feed the poor”




Elon is right. People who argue from the side of "where would the money come from?" and "if everyone has a million dollars no one has a million dollars" does not quite grasp the amount of surplus we are about to have in the world due to AI and automations. Yes, traditionally it is a monumentally bad idea to pump a ton of money back into the economy like this. inflation, higher taxes, etc. But what people don't realize is, as AI progress, the profit margin of EVERY company is going to increase. every single company in the world will be able to do much more with much less costs. It's not "we need to tax all the AI companies", it's we will be taxing EVERY SINGLE COMPANY. In a world where 90% of human labor can be replaced, and the companies are operating at 10x their current profit margins, why would us taxing the companies at the same rate not result in 10x the amount of taxes collected from companies? That is where the money comes from. And you might think 'corporate greed' and 'corrupt government' might prevent them from giving out a universal high income with that money, but corporate greed is exactly why the government will be incentivized to do so. If no one has money to buy things, no companies get rich. the economy just crashes, which is extremely bad even if you are a greedy politician. We need the money gained from the higher profit margins of companies to be pumped back into the economy in the form of universal HIGH INCOME.
































