…“Eventually, we need some form of universal basic income for everybody while they work and once they retire,” Roubini added. “We’re already on the way.”…
“We’ll have either ex-post distribution—that is universal basic income—or we’ll have it ex-ante. Ex-ante means some form of socialism,” Roubini explained. “Essentially, the government is going to take over some fraction of the big tech firms.”
He said AI companies are already willing to hand over stakes to the government, alluding to a Financial Times report that said OpenAI has discussed giving 5% as a way for the public to share in the upside of AI.
Altman’s proposal would entail other AI companies providing similar stakes, although it’s not clear if his U.S. rivals would be willing to do so.
As a result, Roubini believes universal basic income or socialism is inevitable, saying “We’re going already in that direction, effectively.”…
…he called it optimistic, given that it assumes 10% growth and “machines doing all the work.”…
Please stop supporting UBI. Even when progressives talk about UBI they talk about how much money they will save because they are removing literally ALL other forms of social welfare including social security.
Imagine having to work at Walmart like your grandma at 80, because the social security check only pays out a weeks worth of pay at a part time minimum wage job. And now due to UBI you don’t even get food stamps, or get free healthcare.
We need more socialist programs, not a cash bribe for the stupidst of people to sell out their country.
This is what ai/effeicency looks like. Its going to be like dodge gutting all the funding for the federal programs until they are nonfunctional. All the money should be going to ai and “hyperacalers” instead and people starving on the street is just social progress.