RE: Universal Basic Income: What it Means, How it Works, & Why it Will Transform Our World
AI will have a huge impact on Humanity there is no doubt about that. In theory producing a being/conciousness that is above humans in intelligence and life span could either greatly help or hurt our species. I personally don't think basic income will happen (just opinion on the powers that be) One thing I think of is that if AI is to the point where it can sustain the needs of humans will it do it? Will it be efficient in its eyes? Another thing that I question on Basic income is what is the incentive to accumulate wealth and equity if the basic needs are fulfilled?
Most people start businesses so that they don't have to work for someone else, to make more money, or to have more free time/ live the life they want. If basic income fulfills these needs what will be the driver for the masses to produce and innovate? Not saying you wont have people with the "Elon Musk" mindset but that is def not the average person.
And another thought of mine is the economic function of this? Inflation? How will the funds be distributed? Taxed? Even with blockchain this would be a huge undertaking
While this look a good idea unfortunately human nature is not to give any thing away to pay for it
Thanks for your comment. I wrote a bit about what a Superintelligent AI scenario may look like here. The incentive to accumulate wealth will be up to the individual. If people are given a little bit of a safety net, in terms of money, research shows that people are smart enough to invest it. Investing it by bringing their creative ideas to life with the help of AI, VR, and other emerging applications.
You don't have to be an Elon Musk to bring something of creative, or intellectual value to society. When people spend more time doing the things they cherish, they take more risks and make better decisions about their well-being, it's self preservation. We are born creative, society and the education system drills it out of us.
toddoto check out my blog post my friend is behind the world bond listen to his story.. basic income is tied to world bond.