Elon Musk has started talking about universal high income as opposed to universal basic income as a result of the automation of work by AI and robots. This post explains how universal basic income can be any amount and that insisting on a high amount puts off UBI to some unknown point in the future instead of right now, and doesn’t help people understand UBI as a floor that is already needed right now.
marcvanh on
*The fact that the definition of UBI in no way mentions an amount is very purposeful*
If it was truly purposeful, they wouldn’t have used the word “Basic” in the *name*, since it can so easily be mistaken for meaning “low” or “just to pay for the basics”.
Whoever authored that article, sorry I’m not buying it…
SunnyDayInPoland on
I think the technological dividends are overestimated. Sure, AI and robots will replace certain professions, making goods or services cheaper, but not by that much. We can barely afford to pay benefits to the poorest fraction of the society, so paying a lot to everyone won’t happen for hundreds of years.
dacelikethefish on
High is relative. Rich implies poor. Even the peasants among us have a higher standard of living than did European kings 1000 years ago.
High, relative to what? To what is low today? If everyone were guaranteed that, what is high today becomes the new low, and we’re right back where we started.
Maybe instead of focusing on money, we can focus on people having the basics of what they need (what money wisely-spent can afford them): food, shelter, community, and a sense of purpose.
miffit on
What is the ultimate goal of UBI or UHI and does it align with the ruling class
The ultra wealthy are trapped, they can’t keep reducing salaries while at the same time expecting higher sales. So any solution to this needs to involve them being able to keep status and not destroying a countries economy.
joomla00 on
This whole article just feels like a Musk rant. As if he knows musk well enough to know what he’s actually thinking and can put words in his mouth.
7 Kommentare
### Submission statement
Elon Musk has started talking about universal high income as opposed to universal basic income as a result of the automation of work by AI and robots. This post explains how universal basic income can be any amount and that insisting on a high amount puts off UBI to some unknown point in the future instead of right now, and doesn’t help people understand UBI as a floor that is already needed right now.
*The fact that the definition of UBI in no way mentions an amount is very purposeful*
If it was truly purposeful, they wouldn’t have used the word “Basic” in the *name*, since it can so easily be mistaken for meaning “low” or “just to pay for the basics”.
Whoever authored that article, sorry I’m not buying it…
I think the technological dividends are overestimated. Sure, AI and robots will replace certain professions, making goods or services cheaper, but not by that much. We can barely afford to pay benefits to the poorest fraction of the society, so paying a lot to everyone won’t happen for hundreds of years.
High is relative. Rich implies poor. Even the peasants among us have a higher standard of living than did European kings 1000 years ago.
High, relative to what? To what is low today? If everyone were guaranteed that, what is high today becomes the new low, and we’re right back where we started.
Maybe instead of focusing on money, we can focus on people having the basics of what they need (what money wisely-spent can afford them): food, shelter, community, and a sense of purpose.
What is the ultimate goal of UBI or UHI and does it align with the ruling class
The ultra wealthy are trapped, they can’t keep reducing salaries while at the same time expecting higher sales. So any solution to this needs to involve them being able to keep status and not destroying a countries economy.
This whole article just feels like a Musk rant. As if he knows musk well enough to know what he’s actually thinking and can put words in his mouth.
„“There will be universal high income (not basic).“ – [Elon Musk on X, May 29, 2024](https://x.com/elonmusk/status/1739495563043701011?ref=scottsantens.com)“
This is futurology in a nutshell, we even know what Elon will tweet in the future.