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33 sats \ 1 reply \ @Undisciplined 19 May \ parent \ on: AI 'godfather' says universal basic income will be needed news
In the absence of voluntary trade, forced redistribution will be used. No money needed.
I'm not arguing that this won't happen, but I have yet to see a coherent argument for how forced redistribution is ever more economically efficient than market forces.
The flip side of your argument is that anything a person can do better than AI will fetch an enormous wage in terms of purchasing power.
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75 sats \ 0 replies \ @jgbtc 19 May
I agree with both points. Forced redistribution is always a complete disaster, which is why UBI won't work. It's forced redistribution in disguise. But the use of money in that situation is a quaint bit of theater to make people think everything is normal. To your second point, the purchasing power will be far too enormous for any UBI trash they hand out.
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