https://www.youtube.com/watch?v=NoAa_y7wpcU
"Hi there! It's Dylan Curious, and in today's video, we had an enlightening
conversation with Scott Santens, a renowned researcher and advocate for
Universal Basic Income (UBI). We dove deep into the potential impacts of
Artificial Intelligence (AI) on our economy and how UBI could serve as a viable
economic model for the future.
We start by defining UBI as a cash payment that's unconditional, universal, and
regularly provided to individuals. This concept is not new - take the Alaska
dividend as an example, where residents have received a yearly dividend since
1982.
We also explored the potential of using taxes from technologically advanced
companies, particularly those benefitting from AI and automation, to fund UBI.
This approach could prevent the wealth accumulated from automation from being
concentrated with a small group of people.
One of the significant aspects of UBI is that it encourages entrepreneurship.
It provides an economic safety net, allowing people to take risks without the
fear of falling into poverty. Scott shared a story about a woman in Namibia who
used her UBI to start a successful baking business. Her business thrived
because every person in her village, being a recipient of UBI, had the
financial means to become her customer.
We also talked about how UBI could help revive smalltown USA. By providing
everyone with a basic income, the spending power of the people would increase,
creating demand and encouraging the establishment of local businesses.
Scott provided a compelling argument against political opposition to UBI. He
emphasized that we are all shareholders in the age of AI and automation, having
contributed to its development. And as shareholders, we deserve a dividend from
this technology - in the form of UBI.
In summary, this conversation provided a profound understanding of UBI as a
potential solution to economic disparities, particularly in an era dominated by
AI and automation. A society supported by UBI could potentially be more
purposeful and intrinsically motivated."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
