PILOT SPIN

Spin Zone => Spin Zone => Topic started by: Anthony on June 29, 2017, 07:30:30 AM

Title: Zuckerburg, and Elon Musk - Guaranteed Income for all!
Post by: Anthony on June 29, 2017, 07:30:30 AM
I think these enormously wealthy guys (Musk government subsidized) should start SHARING their Billions with us so we can have a guaranteed income.  What say you?  The premise is that if people have a known cushion they could pursue doing what they really want.  Realistic?  Or will they smoke dope, and sit home?

Quote
Credible projections now forecast that 40 percent of all jobs in the United States today could be eliminated by 2030, just 13 years from now, have led futurists, labor market analysts, and leading CEOs to ask what will become of all the workers soon to be displaced by technology, and whether industrialized democratic societies, seeking stability in such a radically reshaped economic environment, might benefit from some orderly redistribution of wealth. And leading the charge are two of America’s most prominent titans of the digital age.

In a commencement address to graduates at Harvard University last month, Facebook founder Mark Zuckerberg said the coming wave of automation and displacement will require “a new social contract” between the government and the governed. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful,” Zuckerberg said. "We should explore ideas like universal basic income to give everyone a cushion to try new things.

http://www.foxnews.com/politics/2017/06/29/facebook-tesla-ceos-lead-charge-for-guaranteed-income-dont-think-were-going-to-have-choice-zuckerberg-says.html
Title: Re: Zuckerburg, and Elon Musk - Guaranteed Income for all!
Post by: invflatspin on June 29, 2017, 07:43:14 AM
Because 'universal basic income' has worked so well throughout human history.

Here's the list of where a scheme of 'universal basic income has worked well:

1.
2.
3.
4.
5.
...
Title: Re: Zuckerburg, and Elon Musk - Guaranteed Income for all!
Post by: Rush on June 29, 2017, 08:15:43 AM
I really don't see how billionaires can promote wealth redistribution by government and justify to themselves their own bank accounts. How do they sleep at night?
Title: Re: Zuckerburg, and Elon Musk - Guaranteed Income for all!
Post by: Anthony on June 29, 2017, 08:23:06 AM
I really don't see how billionaires can promote wealth redistribution by government and justify to themselves their own bank accounts. How do they sleep at night?

I don't know either.  I think when they get to this level of wealth they believe they exist on a different plane.  We have day to day struggles, and financial woes from time to time, so we need to worry about tomorrow.  These guys have no worries like normal/average working people (blue, and white collar) do.  Maslo's hierarchy of needs comes to mind.  They start to be concerned with creating what they believe is a utopia, as that makes them feel important, and contributing to society.

If we give everyone a guaranteed "living income" we will have a society of lazy, unproductive, unhappy people with no dignity, nor self worth.     
Title: Re: Zuckerburg, and Elon Musk - Guaranteed Income for all!
Post by: Jim Logajan on June 29, 2017, 05:14:24 PM
Credible projections now forecast that 40 percent of all jobs in the United States today could be eliminated by 2030, just 13 years from now, have led futurists, labor market analysts, and leading CEOs to ask what will become of all the workers soon to be displaced by technology, and whether industrialized democratic societies, seeking stability in such a radically reshaped economic environment, might benefit from some orderly redistribution of wealth. And leading the charge are two of America’s most prominent titans of the digital age.

Already addressed by this excerpt from the Reason article "Are Robots Going to Steal Our Jobs?":
http://reason.com/archives/2017/06/06/are-robots-going-to-steal-our (http://reason.com/archives/2017/06/06/are-robots-going-to-steal-our)

"Imagine a time-traveling economist from our day meeting with Thomas Edison, Henry Ford, and John D. Rockefeller at the turn of the 20th century. She informs these titans that in 2017, only 14 percent of American workers will be employed in agriculture, mining, construction, and manufacturing, down from around 70 percent in 1900. Then the economist asks the trio, "What do you think the other 56 percent of workers are going to do?

They wouldn't know the answer. And as we look ahead now to the end of the 21st century, we can't predict what jobs workers will be doing then either. But that's no reason to assume those jobs won't exist."


I'd say it is best to never ask a "futurist" (gak!), labor market analyst, or leading CEO questions better asked of competent economists.