UBI Works
@ubiworks
Legendary entrepreneur/investor Khosla suggested eliminating income tax below $100K and exploring UBI. "Let's tilt the equation towards labor, not capital." As a tech investor he knows first-hand that AI is killing jobs and compounding capital.
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Legendary entrepreneur/investor Khosla suggested eliminating income tax below $100K and exploring UBI. "Let's tilt the equation towards labor, not capital." As a tech investor he knows first-hand that AI is killing jobs and compounding capital.
We're about to hit a tipping point where firms stop hiring and just spin up more agents and buy more robots. We could already be there.
Nobel-winning conservative economist Milton Friedman championed a version of universal basic income called the Negative Income Tax. It's more efficient use of our tax dollars, doesn't discourage work, and preserves individual freedoms. Many working guaranteed incomes today have elements of this.
Canadian journalist Max Fawcett on UBI: "There's all sorts of data that suggests basic income would actually stimulate economic growth… improves health outcomes. And Lord knows improving health outcomes would save taxpayers and the government a lot of money."
Microsoft AI CEO and UBI supporter: "Most of the tasks accountants, lawyers and other professionals currently undertake will be fully automated by AI within 12-18 months" Also him: "UBI is a political and economic measure we have to start talking about in a serious way"
Cathie Wood of ARK Invest said youth joblessness will improve as people "go for it" and start businesses with AI There's a critical element missing: entrepreneurs need economic security to take long-term risk, security that UBI provides
Superhuman robot *swaps own battery to work 24/7* - already deployed in factories today No job is safe We can have UBI and free humans from drudgery to seek higher pursuits
"Many countries that are blessed with natural resources, like Norway, have sovereign wealth funds. Canada hasn't had one until now." Canada has an abundance of natural resource rents that should be invested for future generations to pay UBI.
"It really seems like UBI is going to be absolutely necessary at the very least as a stopgap measure" — Dave Shapiro, post-labor economics pioneer and author of Labor/Zero
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