@DavidMonks2001 @rand_longevity Why can’t this then also apply to government services? These costs should also collapse. Let’s start here first.
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Karl Klosowski
1.5K posts
@rand_longevity You can’t find services then. Military, infrastructure, healthcare, veterans affairs, education.
Are you retarded?
The universal income happens because structurally deflation happens due to costs and goods of services collapsing
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@imPenny2x So what happens to the banks?
Do they just forgive all the outstanding credit card debts, mortgages, auto loans?
In this UBI future there would be no need for banks.
No need for profit.
Who decides who controls the rare earth minerals?
Who controls the electricity? Etc
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99% of people really do not understand abundance as Elon describes it.
The fundamental reason is that they don’t understand compound growth.
Same people who would probably pick 1 million dollars today over a penny that doubles in value every day for 30 days.
It’s a bad choice by the way. You lose out on millions.
Imagine if that doubling object was a labor producing robot instead of a penny.
Compounding labor. It’s actually crazy if you try and wrap your mind around it.
So Elon mentions Universl High Income and the midwits flip a lid.
“The elites won’t share”
You don’t get it. They won’t need to share. They will make everything so cheap, it is effectively free.
Charities will have immense resources to distribute.
Unfathomable intelligence will exist to help optimize production and distribution.
An unfathomably large labor pool will exist that operates on solar power exclusively.
The public work projects that are erected will be unseen before levels of breathtaking.
I think we are incredibly blessed to steward this new age of abundance.
Can you see it now?
Can you see the future?
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@DineshDSouza @elonmusk That way based on this theory of Musks we could first eliminate all forms of taxation. Then maybe the public would have faith it could work :-)
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@DineshDSouza @elonmusk A perfect first way to test this theory to start with all public employees first. If it works for the government then we can move forward. If not, well…
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This is astounding, and yet it seems both reasonable and perhaps even inevitable. A new world is coming, and we are not ready for it.
@elonmusk
DogeDesigner@cb_doge
“We'll have universal high income. We're basically just issuing money to people, and just because the output of Business Services will so far exceed the money supply, that effectively you have deflation, because deflation is just the ratio of the outputs of goods and services to the money supply. If the rate of growth of goods and services exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation.” - Elon Musk
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Have the autonomous robots liberated the tens of millions of child laborers around the globe, yet?
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Karl Klosowski retweetledi
I have never done this before, but the topic of Elon Musk’s bizarre support for a “Universal High Income” is SO incredibly dangerous that it warrants a “video address” (done on the very first take!)
Thank you for your attention to this matter…
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@unlimited_ls @elonmusk would this same level of UHI apply to you and everyone?
Like all owners of any company?
Why would they need more than anyone else?
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Universal HIGH INCOME ends the era of wage slavery. No more trading health and hours for mere survival… people gain real personal time, reduced stress, improved mental and physical well-being, and the freedom to pursue truly productive passions that AI alone cannot replicate🔥
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@G0ttaGoFastt @RenzTom Why does a company need a profit of every person in that company is receiving UBI?
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@RenzTom 1 they wouldn’t have to pay the ai and robots as much
2 they wouldn’t have to pay them vacation days or health insurance or 401k matching
3 they wouldn’t call in sick
Overall the business would making more money with no downtime and paying the ai less than humans
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The Great Reset is happening. How will we pay for those high univeral basic income checks from the federal government?
The answer cannot be from income generated by the robots/AI because why would the person that owns the robots/AI and no longer needs people want to fund billions of people? The person that controls the robots and controls the AI controls the world in this scenario and we are supposed to trust that?
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@DanielR00191707 @internetguy420 @ApoStructura You trust our government?
You think their “ubi” will be the same as yours?
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@internetguy420 @ApoStructura In a government UBI scenario it’s the government
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"If everyone gets material abundance.
No one has material abundance."
This is a dumb argument masquerading as a clever one.
The key here is that AI/robotics enables an explosion of productivity, and UHI is a way to spread it to those who will lose their job.
Marcus Pittman@ImKingGinger
If everyone gets a million dollars. No one has a million dollars. I'm not sure why no one understands this.
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@VladTheInflator And…
Ubi would have to be the same for literally EVERY human including Elon etc
They would need to forfeit all their assets…
Bezos everyone
Essentially ur creating a situation where nobody could ever catch up to them.
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@VladTheInflator The only way government ubi works is if companies can no longer make profit…
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I'm an Elon fan as everyone knows, but productivity has FAR outpaced wages since 1971.
More productivity WILL NOT means more people get more money.
It will 100% mean the richest .1% will get more money while everyone else gets poorer.
Elon Musk@elonmusk
Your statement is true if goods & services output doesn’t rise dramatically due to AI/robots, but false if it does. In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robots massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. Prices are simply the ratio of goods & services output to number of dollars.
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@elonmusk I mean our government is so efficient after all… lol
Nobody could screw something so important up more than our government!
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@Kiradavis And which company will be the first to hand over their product to the public for free?
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What stuns me about this statement is that Elon would NEVER want his work to be replaced. He would NEVER stop
working and creating and innovating bc his body tells him that is life. But he thinks the rest of us don’t want or need the same satisfaction of earning.
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@ancap99 @elonmusk @ImKingGinger Exactly
So we are to believe a company that makes a widget will give said widget to us for free because AI made it cheaper?
Ok…
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If AI and robots actually flood the world with more goods and services, printing extra dollars doesn’t have to mean inflation — it can just mean more abundance for everyone.
But we’re not there yet. We’re still stuck with a fiat system where the Fed prints money to fund wars and deficits long before any real productivity boom. That new money quietly steals purchasing power from regular people.
The fix isn’t debating how much to print. It’s ending the monopoly on money altogether. Sound money + voluntary exchange is what actually lets productivity gains reach normal folks instead of getting siphoned off by the state and insiders.
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If everyone gets a million dollars.
No one has a million dollars.
I'm not sure why no one understands this.
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@Lonsensicle @JoelWBerry Will you be the first to get a surgery by an AI robot?
Turn over your personal
Info?
Your financial info?
Certain industries just don’t allow for this. Legally
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@JoelWBerry Iv read ppl saying this but i cant imagine what these jobs might be. Usually there are visionaries, science fiction writers, who propose what the new roles might be, is there anyone doing that now to help those of us with less faith visualise a more positive future?
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This won’t be necessary.
For every job lost to AI, 5 new jobs will be created—many of them will be jobs we’ve never even heard of that could’ve never existed without AI.
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@cpgjosh @JoelWBerry Everything really
Don’t want AI controlled police
Military especially considering the loons have fed the internet with data that says people are bad for the planet….
What could go wrong with an AI robot and a modernized machine gun??
Not interested in AI art, music etc
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Give us an example of something a fully developed super intelligent AI with access to robotics cant do that a human could do better?
At that point the only answer here is things that are subjectively better. Art, music, food. Or things that are better because they have the novelty of being made or done by humans.
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@iamjustyv @naval Way more than just tech skills.
Legal
Medicine
Accounting
Engineering
Pm work
Management
Writers
News people
Artists
Anything office related really at all.
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@JoaoZorro @trikcode Ai is not allowed to handle SOD or SOX already.
It’s literally in the definition of the guidelines.
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@livingdevops Not to mention how they obtained all the data which without all of this is totally useless.
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- Good engineers built Linux for free
- Linux built the internet
- The internet built Google, Amazon, Meta
- Google, Amazon, Meta became trillion dollar companies
- Trillion dollar companies open sourced their problems
- Open source solved their problems for free
- Free solutions trained AI models
- AI models are now sold back to the engineers who built them
The people who built the foundation
are now paying subscription fees to stand on it.
Something feels off, right?
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