Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
larry_vw_1955
on 23/07/2023, 02:27:10 UTC


Some people may argue that new jobs will be created... sure, you can become an AI engineer and earn tons of money (300k/year).

maybe a small few can but it's not enough to be a significant employer of the work force. not many people make 300k per year. even 100k is like in the top 10% of income earners I would think.

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But for every new job created, hundreds will be lost. That's a fact and it doesn't sound good for the -totally clueless- majority.

And what are you gonna do when the AI becomes so advanced (AGI level) that it will become an AI engineer of itself? Tech progress never stops.
it's called automation and this isn't the first time it has happened. if you're against automation then you're against progress. simple as that.

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Beware of the UBI idea: https://2020.yang2020.com/policies/the-freedom-dividend/

It may sound good in theory, but the road to hell is paved with good intentions.
the reason it sounds good in theory is because it IS good in theory. it's good in practice too. i mean if they can pay some households $2000 per month for food stamps i mean who eats that much food? then they can surely afford to pay every person $1000 each month.

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Who told you that the Elites will pay you forever, just to play video games, eat McDonalds and smoke crack? According to Harari, most people are "useless eaters".
no one told me, it's a conclusion i came to. we have alot of patchwork programs that pay people some type of universal basic income already here in the usa like food stamps, social security, etc, etc. just replace all of those things with everyone getting the same universal basic income and be done with it. that way everyone is treated equally.

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It makes zero sense for the Elites to feed 8 billion people, even though they will need A LOT LESS thanks to AI/robot automation (yeah, it's the cold harsh truth that nobody wants to admit).
it makes alot of sense actually. hopefully someone that it doesn't make sense to would get booted out of office though and replaced with a more compassionate version of themself.

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Don't be so gullible and better start thinking what you would do if you were in their position: would you feed so many people, just because it sounds "noble" and "humanitarian"?
I wouldn't be letting thousands of people flow across the border and paying them when I could be taking care of american citizens who are struggling, I'll tell you that much.

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UBI will be provided with CBDC, which means social credit score & carbon credits will become mandatory. Total control, enslavement, surveillance. There is no "free" lunch. Beware of the strings attached!
I'll take the string anyday. Just tell me where and when to sign up. You don't get anything for free. If the government wants to pay me a Universal Basic Income then I need to comply with their rules and wishes too if they are not too unreasonable. Just like someone on disability might need to go in for a checkup every so often just to make sure they still really can't work...