"Wit cha broke ass!"
Posted on 09/04/2017 11:04:34 PM PDT by blueplum
if the Roosevelt Institute would quit being so selfish, and use their $5m operating budget to give $1000 each to 5000 adults, they could grow the local economy by $5 Billion and turn Hell's Kitchen into Rodeo Drive.
Why would any person making less than the set amount not quit immediately? Same income, more free time. It would destroy the low-skill job market, and force employers to give significantly more than that set amount for menial tasks... because nobody would trade 40 hours per week for just an extra $100/week... inflation would explode within weeks.
BOOM!
Great, so give away money today, and charge it with interest to your grandchildren, and let China and the banking system make a profit off of the foolishness. Brilliant!!
"Wit cha broke ass!"
Kind of like the guy says to the gal
HE:Would you go to bed with me for 10 thousand dollars
SHE:Damn Straight!!
HE:How about I give you 20 bucks for oral gratification?
SHE:YOU must take me for some kind of whore.
HE:We have already established that, we are just negotiating a price.
Because facts don’t exist in liberal academia, all ideas are good ideas.
The increase in the debt and serviicing, plus the opportunity cost to a tax payer in increased taxation negates any minor increase in GDP.
5.56mm
Good question.
Rome did such with their citizens, “Bread and Circuses”
Our version is MSM and welfare.
It did not fare well for the Romans. When they ran out of other People’s money (nations that had been invaded and taxed), and the paid army turned on them, the Western Roman Empire fell.
The Eastern roman Empire continued to exist until 1453, when it fell to the Muslim Ottomans.
AI machines can do all you list and more. There will be a human worker for every 1000 bots for human rational attribute.
Small buisnesses won’t be able to compete in the major or services with automated businesses who’s automated employees are paid nothing and work 24/7.
Management will become mostly AI run too.
It coming fast too.
Wary of robots taking jobs, Hawaii toys with guaranteed pay
https://www.cbsnews.com/news/hawaii-considers-universal
AS ROBOTS EDGE INTO WORKPLACE, FREE MONEY IDEA TAKES HOLD
US_FUTURE_OF_WORK_UNIVERSAL_BASIC_INCOME_QA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-09-04-17-15-51
majority of services ...not...major or services ( autocorrect strikes again!
I’m watching a new bank being built. While one Bank of America got rid of their drive-up tellers a couple of years ago. The machines were removed. What few employees they still have park in the old drive-up teller lanes under the canopy.
1 mile down the road - a new bank (different company) is under construction (about 80% finished right now).
Hide your kids, Hide your wife. Hide your husband too.
in my humble opinion, the ‘minimum income’ ploy a not-so-sly, dangle-a-pretty-carrot, entrypoint to tucking everyone into the full-scale socialism/communism bed. For on a thousand a month, who could afford health insurance of $800/month? or housing costs of $1500/month? Unless it’s provided for them.
well, you are much more optimistic than I about AI. I’m old enough to remember the first computers. Which were supposed to take over all our tasks and leave us with a life of leisure and endless vacations on sunny beaches. Housewives were promised automated homes for decades and the closest we’ve come is a rumba and a portable dishwasher my pops christened ‘Rosy the Robot’. What computers really meant was hours of uncompensated overtime trying to figure out why the computer was corrupting its own data, or acting up in a hundred ways, cutting into all that promised leisure.
The one thing that stands out to me, is, where is all the electricity going to come from to power all these fabulous robots at the same time a leisure generation is also maxing out their own electricity use?
What has been missing is real AI. Recent developments in AI are nothing short of phenomenal.
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