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What AI really seems to be posed to do is make labour a lot less valuable and capital a lot more valuable. Running a government requires a lot of cash flow. I
by kingstnap 4mo ago
What AI really seems to be posed to do is make labour a lot less valuable and capital a lot more valuable.
Running a government requires a lot of cash flow. I think its sort of inevitable that it's going to need to start coming mostly from the later and not the former.
- smallmancontrov 4mo agoWe've moved all the money into the capital economy and all the taxes into the labor economy and the well is running dry. There's nothing to be done!
- NuclearPM 4mo agoMore tax cuts to the rich.
- smallmancontrov 4mo agoOh my god I can just FEEL the growth! It's going to trickle down any second now! Any second!
- graphime 4mo ago[dead]
- smallmancontrov 4mo agoCapital pays you for being rich in proportion to how rich you are. Elon can't hide behind my 401k, he doesn't fit. Also: most Americans and most people are far poorer than you and I and get paid even less for being rich than you and I.
- aceki 4mo agowow, pennies on the dollar and yet there’s a trillionaire
- littlexsparkee 4mo agoThat's helpful if you're privileged enough to amass enough to invest before labor's share of output collapses.
- bluefirebrand 4mo agoCan you estimate what percentage of the population has a meaningful amount of money in funds like this?
- YZF 4mo agoHow about this trend? https://ourworldindata.org/grapher/world-population-in-extreme-poverty-absolute https://ourworldindata.org/grapher/world-population-in-extre... There is growth, it might not be where you are, or it might be superimposed with other effects for you.
- smallmancontrov 4mo agoSelfishness is a sin for me but a virtue for billionaires lobbying away the last shreds of tax they are embarrassed to pay? I see how it is.
- amavect 4mo agoThat graph ends in 2015. The 2025 graph flattens. Looks like we can explain this trend by the economic development of East Asia. https://en.wikipedia.org/wiki/File:Total_population_living_in_extreme_poverty,_by_world_region_(PovcalNet,_World_Bank),_OWID.svg https://en.wikipedia.org/wiki/File:Total_population_living_i... https://en.wikipedia.org/wiki/Extreme_poverty https://en.wikipedia.org/wiki/Extreme_poverty
- outside1234 4mo agoHave you not looked at Elon's bank account? WINNING* * via government subsidies
- jMyles 4mo ago> Running a government requires a lot of cash flow. I think its sort of inevitable that it's going to need to start coming mostly from the later and not the former. Why presume that "running a government" is inevitable at all? How much longer do we think these states of old are going to putter on for?
- chongli 4mo agoGovernments are inevitable. Even when you look at so-called "lawless places" or "failed states", you'll find governments: de-facto governments run by warlords and criminals. Nature abhors a vacuum and that principle extends to power vacuums.
- jMyles 4mo agoSure; I don't mean to suggest undoing basic physics. But there are plenty of ways (and plenty more each day) in which human and AI collaboration can fill power vacuums that don't require pseudo-sovereignty over huge landmasses or monopolies on the legitimate initiation of violence.
- phendrenad2 4mo agoWhy does running a government require a lot of cash flow? To pay people? Like, labor..?