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kingstnap 4 hours ago

What AI really seems to be posed to do is make labour a lot less valuable and capital a lot more valuable.

Running a government requires a lot of cash flow. I think its sort of inevitable that it's going to need to start coming mostly from the later and not the former.

smallmancontrov 4 hours ago | parent | next [-]

We've moved all the money into the capital economy and all the taxes into the labor economy and the well is running dry. There's nothing to be done!

NuclearPM 4 hours ago | parent [-]

More tax cuts to the rich.

smallmancontrov 4 hours ago | parent [-]

Oh my god I can just FEEL the growth! It's going to trickle down any second now! Any second!

graphime 3 hours ago | parent | next [-]

> Oh my god I can just FEEL the growth! It's going to trickle down any second now! Any second!

Your 401k/pension’s passive index ETF at Vanguard, Fidelity, Schwab definitely went up in value.

There’s your trickle down.

smallmancontrov 2 hours ago | parent | next [-]

Capital pays you for being rich in proportion to how rich you are. Elon can't hide behind my 401k, he doesn't fit. Also: most Americans and most people are far poorer than you and I and get paid even less for being rich than you and I.

aceki 2 hours ago | parent | prev [-]

wow, pennies on the dollar and yet there’s a trillionaire

graphime 2 hours ago | parent [-]

> wow, pennies on the dollar and yet there’s a trillionaire

You want whole dollars?

Says who? You?

Perhaps you should inform your elected government representatives.

YZF 3 hours ago | parent | prev | next [-]

How about this trend? https://ourworldindata.org/grapher/world-population-in-extre...

There is growth, it might not be where you are, or it might be superimposed with other effects for you.

smallmancontrov 2 hours ago | parent [-]

Selfishness is a sin for me but a virtue for billionaires lobbying away the last shreds of tax they are embarrassed to pay? I see how it is.

outside1234 3 hours ago | parent | prev [-]

Have you not looked at Elon's bank account? WINNING*

* via government subsidies

jMyles 3 hours ago | parent | prev [-]

> Running a government requires a lot of cash flow. I think its sort of inevitable that it's going to need to start coming mostly from the later and not the former.

Why presume that "running a government" is inevitable at all? How much longer do we think these states of old are going to putter on for?

chongli 2 hours ago | parent [-]

Governments are inevitable. Even when you look at so-called "lawless places" or "failed states", you'll find governments: de-facto governments run by warlords and criminals.

Nature abhors a vacuum and that principle extends to power vacuums.