Elon Musk on Friday touted what he described as “Universal HIGH INCOME” as a solution to deal with large-scale unemployment caused by the emergence of artificial intelligence, rekindling a longtime stance of his just days after rival company OpenAI outlined its own set of policy proposals on creating a public wealth fund and taxing companies.
Last month, economist and Nobel Laureate Joseph Stiglitz told Fortune: “If we don’t do anything about managing AI, there is a threat that it will lead to more inequality.” He also called out AI proponents who are pushing for a smaller government, saying: “If the tech oligarchs continue in their mindset overall of downscaling government, that will impair the ability of government to facilitate the AI transition.”
Kandiak on
Will he be relinquishing some of his wealth to fund said plan?
BootPloog on
It’s an old idea, but I 100% don’t trust that he, or other billionaires, would actually support it
IAmWeary on
And like a lot of things he talks about, it’s hot air that isn’t going to happen. He’s gotta keep the masses placated while they burn down the world.
TheWeirdByproduct on
Pay more taxes and stop trying to wash your ruined reputation. Delinquent.
mkultra123 on
I have a better plan that involves pitchforks and torches.
Wizywig on
The ship is sinking. Its on fire. And the captain is shitting himself.
They’re rats fleeing, hoping not to be pulled underwater.
Do not let these child rapists get away.
lifesanrpg on
I’d rather have a job than have the government pay me the bare minimum to live on
PianoPatient8168 on
UBI is the solution…just don’t tax me or any of my companies to provide it!
OneOnOne6211 on
No doubt UBI would help with automation-based unemployment. Too bad that this lying fraud would never actually help implement it. As his „DOGE“ illustrated which did nothing except cut things like foreign aid costing hundreds of thousands of lives.
dj_spanmaster on
The thing is, the universal income has to come first, or else the consumer-based economy crashes. So, the wealthies should pony up right away and make that happen.
His_Wholiness on
We need universal basic services, not UBI. Companies will suck up UBI like it’s extra monetary slack in the economy. Housing, healthcare, food, water, education, electricity, Internet (and maybe more) as services provided my the federal government at no or low cost to every citizen, and a federal job guarantee so no one need be unemployed who don’t want to be. That’ll bring corporations to heel real quick
manbeardawg on
I mean, yeah? It’s going to come to something like that, and we are quickly missing our window to test what works and what doesn’t before it’s a necessity.
OrphicMystery on
How about we arrest Elon for Epstein, DOGE, etc., seize his assets, and use them to implement UBI.
awesomedan24 on
„Lets give everyone aid“ says man who single-handedly took away aid from millions of USAID recipients
eyndgam3 on
[ Removed by Reddit ]
ConundrumMachine on
And we’ll get just enough money to not starve, as long as we’re *good citizens*
GenderNeutralCosmos on
Seems like he’s afraid of what the future holds. Extremely wealthy people have realized that if you are against every one your money doesn’t protect you. He’s getting his vocalized support in, probably hoping he won’t have to actually do anything to support it. I imagine we’ll see more of the tech oligarchs voicing thoughts like this in the hopes people will not see them as part of the problem.
Until they actually make a plan, or concede some to allow checks and oversight, I don’t trust any one of them to actually support this. While it is a great idea in theory, its something that requires a major amount of planning and policy to function. If and when we do adopt it, let us hope that it is designed well, and serves its purpose to limit the suffering caused by the radical shifting of the economic landscape.
Anthamon on
He can put his money where his big fucking mouth is.
SeasonsGone on
Why is it communism when this is suggested pre-AI, but common sense when an AI economy run by 5 companies is on the horizon?
MitochonAir on
Elon is attempting a ruse to buy more time. He gets to rehab his image temporarily by touting free cash everyone and then while that’s being “worked out”, he’s free to continue amassing power, govt contracts and everyone’s info and biometrics (we can’t have welfare queens, illegals and scammers double dippin’).
Once everything is in place with Musktowns and Zuckervilles and Bezos’ Freedom Cities, why… the digital shock collars are on most everyone and then we’ll see how the REAL oligarch company town plan works out. It’ll make the Russian oligarchs look like backwoods hillbillies.
Think of it like that passage from Revelations where you can’t buy or sell without the Mark, and if you cause *aaaanny* trouble in TownCo, your residence, job, ability to earn and survive is just… revoked until you learn your place.
Look how happy everyone is! Everyone is caring about their Social Capital Score on their MuskApp, and there’s just no crime anymore, you know? Well, except for the dirty hippie commie squatters in their pitiful tent cities scavenging the trash heaps outside the city limits.
Don’t worry, Musk has a plan for those folks and we won’t be hearing much from them soon.
paddycr on
They say this shit now because they know it’s not too late to stop AI
cereal7802 on
hes welcome to start paying it to people at any time.
Sedlris on
Did he not just gut the government and most of its social aid departments. Headline should say Rich guy says Government should cover costs for his profit generating activities.
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Elon Musk on Friday touted what he described as “Universal HIGH INCOME” as a solution to deal with large-scale unemployment caused by the emergence of artificial intelligence, rekindling a longtime stance of his just days after rival company OpenAI outlined its own set of policy proposals on creating a public wealth fund and taxing companies.
Last month, economist and Nobel Laureate Joseph Stiglitz told Fortune: “If we don’t do anything about managing AI, there is a threat that it will lead to more inequality.” He also called out AI proponents who are pushing for a smaller government, saying: “If the tech oligarchs continue in their mindset overall of downscaling government, that will impair the ability of government to facilitate the AI transition.”
Will he be relinquishing some of his wealth to fund said plan?
It’s an old idea, but I 100% don’t trust that he, or other billionaires, would actually support it
And like a lot of things he talks about, it’s hot air that isn’t going to happen. He’s gotta keep the masses placated while they burn down the world.
Pay more taxes and stop trying to wash your ruined reputation. Delinquent.
I have a better plan that involves pitchforks and torches.
The ship is sinking. Its on fire. And the captain is shitting himself.
They’re rats fleeing, hoping not to be pulled underwater.
Do not let these child rapists get away.
I’d rather have a job than have the government pay me the bare minimum to live on
UBI is the solution…just don’t tax me or any of my companies to provide it!
No doubt UBI would help with automation-based unemployment. Too bad that this lying fraud would never actually help implement it. As his „DOGE“ illustrated which did nothing except cut things like foreign aid costing hundreds of thousands of lives.
The thing is, the universal income has to come first, or else the consumer-based economy crashes. So, the wealthies should pony up right away and make that happen.
We need universal basic services, not UBI. Companies will suck up UBI like it’s extra monetary slack in the economy. Housing, healthcare, food, water, education, electricity, Internet (and maybe more) as services provided my the federal government at no or low cost to every citizen, and a federal job guarantee so no one need be unemployed who don’t want to be. That’ll bring corporations to heel real quick
I mean, yeah? It’s going to come to something like that, and we are quickly missing our window to test what works and what doesn’t before it’s a necessity.
How about we arrest Elon for Epstein, DOGE, etc., seize his assets, and use them to implement UBI.
„Lets give everyone aid“ says man who single-handedly took away aid from millions of USAID recipients
[ Removed by Reddit ]
And we’ll get just enough money to not starve, as long as we’re *good citizens*
Seems like he’s afraid of what the future holds. Extremely wealthy people have realized that if you are against every one your money doesn’t protect you. He’s getting his vocalized support in, probably hoping he won’t have to actually do anything to support it. I imagine we’ll see more of the tech oligarchs voicing thoughts like this in the hopes people will not see them as part of the problem.
Until they actually make a plan, or concede some to allow checks and oversight, I don’t trust any one of them to actually support this. While it is a great idea in theory, its something that requires a major amount of planning and policy to function. If and when we do adopt it, let us hope that it is designed well, and serves its purpose to limit the suffering caused by the radical shifting of the economic landscape.
He can put his money where his big fucking mouth is.
Why is it communism when this is suggested pre-AI, but common sense when an AI economy run by 5 companies is on the horizon?
Elon is attempting a ruse to buy more time. He gets to rehab his image temporarily by touting free cash everyone and then while that’s being “worked out”, he’s free to continue amassing power, govt contracts and everyone’s info and biometrics (we can’t have welfare queens, illegals and scammers double dippin’).
Once everything is in place with Musktowns and Zuckervilles and Bezos’ Freedom Cities, why… the digital shock collars are on most everyone and then we’ll see how the REAL oligarch company town plan works out. It’ll make the Russian oligarchs look like backwoods hillbillies.
Think of it like that passage from Revelations where you can’t buy or sell without the Mark, and if you cause *aaaanny* trouble in TownCo, your residence, job, ability to earn and survive is just… revoked until you learn your place.
Look how happy everyone is! Everyone is caring about their Social Capital Score on their MuskApp, and there’s just no crime anymore, you know? Well, except for the dirty hippie commie squatters in their pitiful tent cities scavenging the trash heaps outside the city limits.
Don’t worry, Musk has a plan for those folks and we won’t be hearing much from them soon.
They say this shit now because they know it’s not too late to stop AI
hes welcome to start paying it to people at any time.
Did he not just gut the government and most of its social aid departments. Headline should say Rich guy says Government should cover costs for his profit generating activities.