David Sacks, the US government's AI Czar, says Universal Basic Income is 'a fantasy that will never happen'.
Interesting that UBI is now such a mainstream topic, and this trend will only grow from now on.
Despite what Mr. Sacks might say, the day is still coming when robots & AI will be able to do most work, and be so cheap as employees, humans won't be able to compete against them in a free market economy.
What won't change either is that our existing financial order - stocks, 410ks, property prices, taxes that pay for a military - is predicated on humans being the ones that earn the money.
Mr Sacks is part of a political force driven by blue-collar discontent with globalization. He might be against UBI, but the day is coming when his base may be clamoring for it.
He'd better think again, because if most people lose their jobs and can't put food on the table, they'll reach for the pitchforks. And then the smug psychopathic kleptocrats who make those statements will wish they had implemented UBI just before getting whacked.
I was a manufacturing engineer for 7 years. The plant I last worked in had lines with 40+ machines per worker. It was heavily automated. Automation has been increasing since the industrial revolution started. But it's only a mainstream concern when it's white collar jobs at risk. Amazon increasingly automating it's fulfillment centers for the last decade doesn't make the news.
Don't take this as me being supportive of AI or critical of UBI. Neither are true. I just think it's telling us who matters in our society. A tech company laying off people gets widely discussed here. The first plant I worked in closed down in order to expand the more automated sister plant. 500 people lost their jobs to that and the people in my town didn't even know or really care.
There are ways around that so they're are no cash transfers. Let's say we give evey citizen emissions rights each month, that allows you to release a certain amount of CO2 (and other stuff). We've got AI and automation for measuring, accounting and detecting cheating. If you're rich and want to fly that private jet, buy emission rights for it, from people that have some unused.
From there on it's just the market taking over. Live frugal and clean means you got yourself an income. Love to travel to the other side of the planet every weekend? Pay up. And it keeps pollution in check.