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There are trillions of tasks / jobs that are still to be done. Even to prepare AI / Robots to do those jobs takes lots of additional human 'work'. I'll make an
by zooq_ai 3y ago
There are trillions of tasks / jobs that are still to be done. Even to prepare AI / Robots to do those jobs takes lots of additional human 'work'.
I'll make an open bet. You'll need more humans and we will have more jobs in the next 10-20 years that we will not find enough people.
Plus Covid stimulus already showed that it's easy for the Government to print money and give it to people. It's not unpopular at all when it comes to existential risk
- CrzyLngPwd 3y agoEvery day is an existential risk for some of us. Why pay tax when the gov can print the money instead of taking it from me?
- miloignis 3y agoPrinting money is a tax on you, that's what inflation is - and you don't even get to grade things via tax brackets.
- CrzyLngPwd 3y agoIt's not really, though. We can be 74 zelenskys in debt, and no one really cares. We can always find more zelensky or manufacture more from thin air, it's really no problem for us.
- mixedCase 3y ago> We can be 74 zelenskys in debt, and no one really cares Except for basic demand and supply. The more of those "zelenskys" you have around, the less they're worth.
- CrzyLngPwd 3y agoMilitary leverage. Deaths-per-dollar is functionally converted to zelenskys.
- miloignis 3y agoPeople do care when inflation goes up! Everyone complains when food and gas and rent costs more. The issue with printing money isn't being 74 zelenskys in debt, it's having massive inflation. Venezuela can print as much money as it wants, but they're in hyperinflation and it's terrible.
- deleted 3y ago[deleted]
- zooq_ai 3y agoYou have a fundamental misunderstanding of inflation. E.g Let's say you need 1 WikiToken to read a Wikipedia article. However the Wikimedia prints 10 Billion Tokens and distributes it to entire world for free. Next year it prints 20 Billion more and so on Will the cost of reading a Wiki article go up? No. Because we have excess capacity for serving Wikipedia articles Every cost in this world boils down to labor and if AI/Robots take over then cost of labor is 0 or in other words we have excess capacity and we can print in abandon.
- zooq_ai 3y agoYou can print money when there is more capacity than demand. When we reach AGI/ASI we may have it. Until then we don't print money and we tax.
- CrzyLngPwd 3y agoWhen it comes to printing money, where is the capacity limit? Is it more than 34 trillion in debt, or is there no real limit when you can just print it and add as many zelenskys as you like?
- candiodari 3y agoMoney represents effort, jobs, goods. It is only as good as what it represents. You ask for money, with nothing in return. I ask you to work for me, for free, forever. I need a chef. When can YOU start?
- zooq_ai 3y agoThere is no capacity limit. Thought experiment. let's say you need 1 WikiToken to read a Wikipedia article. How much tokens can WikiMedia print and give it away for free?. The answer is nearly infinite, because even if WikiMedia gives away 1 Million WikiTokens to everyone in the planet, they can still serve all the Wikipedia articles without 'inflation'. They can also print a Billion or a Trillion Token with no effect on the price of reading a Wiki Article which is still 1 Token Same Deal. If AI/Robots can turn the world into a near infinite capacity because cost of everything boils down to labor except physical space that you occupy (and everyone can only occupy so much space at a given time)