“Significant productivity in the economy is going to raise the standard of living,” he said. “People who today have two-earner households, they’ll become one-earner households. Maybe some people who are working overtime will stop working overtime.”
I fucking love it when the exact people who make it their life’s mission not to pay their employees living wages so that they can hoard wealth like an evil dragon come out and tell us that the new tech they are using to replace us will make us rich. Really fucking Jeff? How about we eat you and take it? That’s the only way I see it happening.
No, he said two-earner households, will become one-earner households, he didn’t mention* anyone will become rich**, just that one person from the household will become unemployed.
(* at least he didn’t mention it in the cited fragment. I didn’t read the entire thing, my time is too precious, I must waste it on writing comments instead of reading sources.)
(** Of course he will become richer, but that’s the obvious part of the idea and doesn’t need to be mentioned)
actually i disagree with this. money flow should look something like this:
the community (town, city) donates money to the people (UBI), they spend it to buy goods and services from companies (which make a profit that way), which then have to pay taxes to the community.
it’s not companies’ job to provide for people. that’s politics’ job.
Sure, that’s how it should work. But how it actually works is that Amazon pays an effective tax rate of 1.4%. Tesla pays an effective tax rate of 0%. Yes they pay no tax. Meta pays 3.6%.
The billionaires themselves pay lower tax rates than their secretaries and janitors. Both Elon Musk and Jeff Bezos have had years where they paid no tax. Larry Page and Mark Zuckerberg are paying effective tax rates around 13%.
So, yes I’d like to live in this fantasy world too. But the government can’t raise enough taxes for a UBI by taking in only a fraction of the money that they themselves give out.
I’ve heard many a time from many a booster that AI will lead to UBI. This reminds me of that. CEOs selling delusion in a desperate attempt to distract from the reality, always claiming better lives are just around the next corner.
I just need a few more billion trillion dollars, bro, I swear. Trickle down economics work, just a few more trillions. I swear, bro, AI will bring UBI, just several more trillion dollars, bro. I swear, bro.
Yeah we will get a UBI but they won’t pay taxes to fund it and will take jobs from the taxpayers who do pay. Same story as trickle down economics and we all know how that ended.
I fucking love it when the exact people who make it their life’s mission not to pay their employees living wages so that they can hoard wealth like an evil dragon come out and tell us that the new tech they are using to replace us will make us rich. Really fucking Jeff? How about we eat you and take it? That’s the only way I see it happening.
No, he said two-earner households, will become one-earner households, he didn’t mention* anyone will become rich**, just that one person from the household will become unemployed.
(* at least he didn’t mention it in the cited fragment. I didn’t read the entire thing, my time is too precious, I must waste it on writing comments instead of reading sources.) (** Of course he will become richer, but that’s the obvious part of the idea and doesn’t need to be mentioned)
upvote for honesty :)
How exactly will two earner households become one earner households without one of the earners making double the money?
Lol… By the magic of being poor
By becoming even poorer.
The theory here is that if everyone is twice as productive, everything costs half as much in relation to what people earn.
Of course that doesn’t work unless there’s heavy competition in the market for everything.
Yes that doesn’t happen when monopolies dominate the economy as they do in the USA. Then the monopolies just take higher margins.
actually i disagree with this. money flow should look something like this:
the community (town, city) donates money to the people (UBI), they spend it to buy goods and services from companies (which make a profit that way), which then have to pay taxes to the community.
it’s not companies’ job to provide for people. that’s politics’ job.
Companies should exist to serve the community, not so a few assholes can get filthy rich.
Sure, that’s how it should work. But how it actually works is that Amazon pays an effective tax rate of 1.4%. Tesla pays an effective tax rate of 0%. Yes they pay no tax. Meta pays 3.6%.
The billionaires themselves pay lower tax rates than their secretaries and janitors. Both Elon Musk and Jeff Bezos have had years where they paid no tax. Larry Page and Mark Zuckerberg are paying effective tax rates around 13%.
So, yes I’d like to live in this fantasy world too. But the government can’t raise enough taxes for a UBI by taking in only a fraction of the money that they themselves give out.
I’ve heard many a time from many a booster that AI will lead to UBI. This reminds me of that. CEOs selling delusion in a desperate attempt to distract from the reality, always claiming better lives are just around the next corner.
The argument is always that “they’ll have to”. And really, it’s like “Bitch, they don’t care if you live or die. “
Yeah we will get a UBI but they won’t pay taxes to fund it and will take jobs from the taxpayers who do pay. Same story as trickle down economics and we all know how that ended.