Message from @hcaez
Discord ID: 549695544432525313
What do you guy's think about Gate's comment on UBI?
```When the world gets hyper-productive then work will be less important and people will have to decide what is important and what young people should do to have a sense of purpose.
However we are a long ways away from that world of excess. We still need people to work to produce the goods and services of society. We are not rich enough to give up work incentives.
People can do the math on UBI and figure out what the costs would be. I think we still need to focus benefits on those in need - those who can't work or who need retraining. Admittedly this means indentifying those people rather than just writing checks to everyone and government does this imperfectly.```
I think UBI is feasible in the future but not right now
really good video ^
yeah he said something like that too
uh oh here comes Galm to rape my ass
LOL
he's gonna no pot u
;-;
UBI kind of delays that in a sense. UBI does not eliminate the disincentives to work that are inherent in welfare programs but it simply moves them around. This program must be financed after all, and any welfare system, including the UBI, is necessarily a wealth redistribution scheme. Wealth must be forced from those who have it to those who do not. This means that at some point on the income ladder, people must go from being net receivers of benefits to being net payers of benefits.
The progressive taxation that is necessary to finance a UBI means that the more a person earns, the higher percentage of their wealth will be taken from them. The work disincentives are therefore still very much present in the tax system. They’ve simply been transferred onto different, higher income groups of people.
Or they can get it by printing money, which will cause even bigger problems.
What UBI does is subsidies non-productive activities, which is not good.
studies show that 97% of people on UBI tests don't quit work and the 3% that do either go back to school or take care of their kids
which i think is interesting
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ we're talking about like 100+ years into the future btw
when human labor becomes obsolete
o
I doubt human labor will become obsolete
lol
there will always be more jobs
and new types.
it may take few thousand years for that
^
wrd
ye
you think that'll happen
doubt
i mean
the technological progress since 1800 is pretty insane
only 200 years
technological advancement is exponential
Yeah and new jobs have veen created
there will defo not be an obsoleteness of human labor
I mean physical labor will be eliminated
within 200 years
it really depends on what AI can eventually do
^
maybe
we'll see
yep
it's just fun speculation at this point
but hopefully we dont blow ourselves up before then