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Dirt will be largely irrelevant in the age of AI. the gold standard had to be abandoned. Real estate standard will have to be abandoned as well. May take some
by naveen99 4y ago
Dirt will be largely irrelevant in the age of AI. the gold standard had to be abandoned. Real estate standard will have to be abandoned as well. May take some time though.
- reducesuffering 4y agoCEO of OpenAI, Sam Altman, still thinks land will be valuable. https://mobile.twitter.com/sama/status/1371893244636717058?lang=en https://mobile.twitter.com/sama/status/1371893244636717058?l...
- naveen99 4y agoI think a federal us property tax makes sense. In fact the rest of the world needs real estate property taxes similar to us states. But taking equity as a tax makes no sense, that’s communism. capitalist governments just take the profits without the burden of running the company. If government owns the company, there is no tax, as the employees are then paid by the government (a negative tax). All government employees have a negative effective tax rate equal to their take home income.
- imtringued 4y agoThe Earth is humanity's treasure and you argue that some stupid AI is going to replace it? Hello we already have advanced natural intelligences called humans.
- naveen99 4y agoNot the whole earth. Just the imbalance between parts of the earth. Location just isn’t as important when you communicate at light speed. real estate values are entirely based on location.