Tags
Artificial Intelligence., Capitalism and Greed, Inequility, Technology, The Future of Mankind, Visions of the future.
( Four minute read)
We are living in a world of technological advancement, with inequality growing on a scale not seen since slavery was abolished.
We elect people to represent us, because only living entities have goals:
To find food, to reproduce, to survive, sometimes simply to experience good things.
The tragedy is with the imminent arrival of General Artificial Intelligence it will be too late to do anything about the inequalities that exits, never mind what’s over the horizon.
———————-
Wealth is being weaponised, and the Ukraine war with Russia shows that standing armies are out of date.
Governments get weaker and weaker year upon year, eroding quicker than their manifesto.
Spending money they don’t have on futures that don’t understand or can ill afford to comprehend.
Because their tax returns are dismissing year upon year, as profit seeking algorithms that have no sources can make profits disappear into the cloud.
—————————-
We know that massive changes to employment are coming down the line.
To combat these changes redistribute of wealth must start now.
This can only be achieved by governments nationalising their countries sources of wealth and introducing with new laws governing compulsive purchases orders.
I am not talking about income. I am talking about property.
——————-
Proponents argue that extreme inequality hurts growth because the wealthy tend to save their money, whereas putting money into the hands of lower- and middle-class citizens immediately boosts consumer spending and drives the economy.
This is going to-be no longer the case
The biggest challenge in wealth redistribution is balancing equity (fairness) with efficiency (growth).
This argument is also with the current revolution in technology coming to a cull de sack.
Just look at Elon Musk or Donald Trump-
How grotesque it is to see one man owning trillions while the other lines his own pockets, while wasting billions of tax payers dollars.
—————————
There isn’t a single “best” way of achieving redistribution, because every method comes with trade-offs between economic equality and economic growth.
Collecting the money is only half the battle; how it is spent determines how effectively wealth is redistributed.
Taxes are enhireantly disliked and so complex that more money is spent on advoiding them than paying them.
———————
Instead of letting the market create extreme inequality and trying to fix it later via taxes, “pre-distribution” changes the rules of the economy so wealth is shared more evenly from the start.
Setting a legal floor for wages ensures workers take home a larger share of a company’s revenue.
Breaking up monopolies and fostering competition prevents massive corporations from artificially driving down wages or inflating prices for consumers.
—————————
While demand on Governments tax coffers shrinkand demand goes up exponentially.
The equality gap between the rich and poor widens year upon year.
The question is how to go about looking at fresh ways to raise the funds to bring assets back in public ownership.
They could be funded-by a lottery system
They could be funded-by new government bonds.
They could be funded by increasing the tax take on the extremely wealthy.
Elon Musk might have helped human consciousness to leave earth and enter space. However with his trillion he would, like others, need to have this consciousness prickled here on earth.
All human comments appreciated. All like clicks and abuse chucked in the bin.
Contact: bobdillon33@gmail.com
bobdillon33blog 