A cancer doesn't plan
post
We kinda have two choices:
Some flavour of socialism where people get what they need for free
Or
Turbo-rio-de-janiro style inequality where we all live in slums
Now the 2nd one is what the ultra rich want and they have a lot of power, so it's kinda on the rest of us to make the first happen instead
The economy is already morphing to serve the needs of the upper levels of worth. Look at the trend with airlines shrinking economy sections and expanding first class and business class. Pretty much all consumer offerings are moving to the luxury tier.
I have a suspicion they are focusing on short-term goals, because that is what those people usually do. For example, it's probably hard to explain who should watch all the ads and buy all the advertised products when Facebook replaces their content and interactions with bot slop. They didn't think this through. This isn't some kind of visionary 4D chess. But it does not matter to them. When wasting 80 billion on a VR project that was doomed to fail from the beginning does not matter, nothing does.
I purposely "watch" ads because I think it's funny that me doing it causes company's to think they work and therefore spend more money, I cannot think of a single thing I bought because of an ad, sure some things I have learned about because of ads but if I bought the product it is because I researched the product and it fit with my expectations, most of the time I buy competitive products because my assessment process asigns negative points for ads that annoy me.
What you’re describing is exactly how most ads work. It’s to inundate you with a brand so you want to search it up and likely purchase it. You never bought directly from an ad, but an ad sure as fuck worked on you.
I’m a former digital marketer. Many ads are meant for brand reach. They’re basically there to ear (mind?) worm you so you’re thinking about the brand. Digital ads can be cheap in niche markets when bidding isn’t forcing up prices due to competition for market share.
If buy "worked" you mean "caused me to not buy a product" then you are correct. I have no memory of ever buying a product because of an ad. In fact the ads I see are almost all for products I have no interest in. I get ads for fast food and I haven't been to any restaurant in 10 years or so. I get ads for feminine hygiene products and I am male. I get ads in Spanish that I'm certain are for great products but I will never know because I don't speak Spanish. I have even got an ad from a company that makes sand traps for off shore oil rigs.
To me ads feel like a person is trying to scam me it is the same feeling I get from door to door sales people and agresive sales people in general. The more I see an ad the less likely I am to hold positive feelings for the product.
I understand that I am nerodivergent and therefore my response to ads is atypical, but it is still my response.

"This year, give her english muffins."
Whatever you say, Mr. Billboard.
For example, it’s probably hard to explain who should watch all the ads and buy all the advertised products when Facebook replaces their content and interactions with bot slop.
Sam Altman owns a company that provides ‘human verification’
Yeah, the "elite" aren't actually smart enough to figure that out. Elite is kind of an oxymoron.
That's why they need to horde that much money.
Nobody gets rich or stays rich by hoarding money. That's not what being wealthy means.
Please explain. You mean they invest and are actually very smart and earned their wealth by working hard?
Rich people don't hoard cash. They have assets that are valuable. A billionaire doesn't have a billion dollars on their bank account. Hell, they probably don't even have a million in there. All that wealth is tied to investments that either increases in value or for the very least holds it.
Making money is incredibly easy if you have a lot of money to begin with. Going from zero to million is hard. Going from million to a hundred million, not so much.
It's hoarding none the less. I assume the previous commenter didn't mean literally cash, neither did I. So yes you're right.
Is Elon hoarding money because he owns multiple succesfull companies?
I don't think so. Hoarding means sitting on a pile of something that you don't use/need.
Exactly!!
..so you can't just look at a person's wealth and say "nobody should be that rich" or that they're "hoarding money" when the wealth you're criticizing could not even be money to begin with but a company called SpaceX or Tesla that's valued in the billions.
Wealth is not synonymous with money in the bank. You could be incredibly wealthy because you own a rare painting, but having that painting on your wall doesn't pay your bills.
No one asked you to use that word to describe them, why are you perpetuating it?
They're not elite, they're just rich fuckers who attained massive riches by exploiting the workers' need for survival.
We will be the stuff
Either we all die, or our owners will give us a few bucks to make a living (UBI style), but not enough to do more. We're fucked anyway.
It's okay. Elon said we'd all be rich thanks to UBI once the robots have taken over all the jobs. And Elon wouldn't lie.
/s
With MechaHitler controlled robots, you will compete with all of the other sharecroppers to pay your robot rental fess with your mechahitler minion's work's revenue. If you get rich from this scheme, Musk will increase supply of robots so that more competition to your income stops you from being rich.
Thats assuming that complete transition goes unchallenged. I might be misanthropic, but history has shown humans can be fark'n stubborn
People should consider reading Iron Heel by Jack London. Written in 1908 it is considered a social sci-fi, reading it now it feels like he came back from the future to write it.
It's just gonna be the same 8 companies passing money between each other. Kinda like the Nvidia/openAI circle jerk. Us peasants will live in company towns, and be paid in company dollars that we can spend to buy food and water, from the company. Don't worry, they'll deduct rent straight from our checks.
I've always been kind of a Balam simp. They at least pretend to be upfront and halfway honorable. Arquebus was always too pretentious. Honestly I'd probably end up in the Dosers anyways. Drugs seems like a reasonable reaction to galaxy spanning corporate overlords.
Rich people mostly. But you can save your camp currency/scrip for a few years and buy some approved shoes or whatever at the work camp store.
The robots.
This is pretty much what the empires in the world war era were asking. They found the answer and it was poor, developing countries.
It's not that hard
Wealth caps. Worldwide. Start at something reasonable, say 10 million
Anything over that goes 100% tot axes. Nobody has a "right" to more than that, nobody needs more than that. No, you don't NEED three Lamborghini's, you don't need 20 houses.
Keep everything else the same, just a single rule to make a huge difference
Governments now will have enough income to fund a huge social net with free education, free healthcare, universal income so that people can spend money to keep the economy running
People now can choose to do some of the little work left.
On a side note: fuck these AI clowns for focussing on AI on exactly those tasks that make life worth living instead of focussing on the mundane shit tasks that nobody wants to do. Garbage collection still requires humans yet these shit stains claim that art andusic is now covered. Yay! Now we have shitty AI art and shitty jobs!
So I am working on the mundane task part...
Not really the part of "wealth caps", but still, good on you!
Yep, can't do much about that other than vote and write my useless representatives. Taking back what they stole and putting it to work for the masses, to do the grind, that's something I can do now.
Peregrine, Snipe, and Kiwi are all available for free on the managed cloud accounts and I'm handing out beta keys for free for a while so please do try them out if you find one that's useful!
you don't even need that. If you have more brackets and keep going up in percentages and tax every type of income including investments in progressive way then you will get to a point where its just to hard to make more than say 10 million. We basically had this. When we had tax brackets that went up to 95% and only 40% for investment and that limited wealth quite a bit. Rates need to be the same regardless of source be it inheritance, lottery winnings, wages, or investments. Heck im fine with not paying taxes on things if you legally lock it up so it can't be sold. still have to pay any income it creates year to year but can't sell it or transfer it in any way. combine this with a 1% tax on all buying and selling which would be a massive reduction for most purchases but would be a vast increase for stock and bond trading. would completely clear out short term trading.
What’s wild is that, as you say, we used to have this system in the US. We even had it during the time conservatives are so nostalgic for.
Gradually, over the past 60 or so years, all the prosperity has been siphoned back toward the top, and now it’s a radical idea to propose the system that our grandfathers lived under.
The point of the cap is more to really have it clear that NOBODY has the right to hoard wealth. Everybody can be free to live the way they want to, everybody can live perfectly comfortable, and the psycho types amongst us that need to have that little bit more than the rest are perfectly fine being a little richer than the rest while spending their lives on work, if they like that... But nobody is allowed to be crazy rich anymore. If you don't cap it, ways will be found around it, they will add a few laws, repeal a few others, and we're back to today again.
This is just a single hard stop, no ways around it, you have a hard physical limit, and anyone even remotely suggesting we can drop this rule is known for being a hoarding pyschopath immediately.
I sorta get you but I do think a soft cap is the way to go. those pyschopaths will literally just go underground. hiding wealth, capping all family and such. I mean they do this anyway basically but with a soft cap it just makes it harder for them to decide which is worse. working more or finding a better system to get more or working more or finding a better way to circumvent the system.
There are ways around this. For example, let's say you set the wealth cap at 10 million. You write a law that says, "anyone that reports an illegal fortune larger than this will receive half of the money confiscated from this illegal fortune to divide tax-free among yourself, friends, and family."
Billionaires don't know how to manage their own money. They hire accountants. So you make it so any random accountant can rat out an illegal billionaire and get paid enough to not only max out their own lifetime allowable fortune, but those of all their friends and family.
Sure, the billionaire could avoid this by just dividing up his wealth among his own friends and family. But in that case, he's still losing control. And that's ultimately the point of this. Thousands of low-digit millionaires are infinitely superior to one billionaire.
Good luck going underground.
How are you going to drive your third lambourghini around without alerting authorities that you've been stealing from everybody? How are you going to live in your mega stupid mansion without very quickly getting a knock on the door from the tax man?
because you don't own the lambourghini or the mansions. you just use them time to time. its not has hard as you make it. I mean its happening right now. Many rich people have property owned by corps that are owned by trusts. there is this whole specific thing because the company owns thing liability wise but the trust does ownership wise. its a crazy rabbit hole if you ever want to go down it.
Then we need to seriously rewrite corporate charter law. For example, maybe it shouldn't even be legal for corporations to own other corporations. Limited liability as a concept has some value, in terms of encouraging investment. So there is value in LLCs existing. But we don't need the free-for-all we have now. We could move corporate governance to a white list model, where there are only a set series of structures you're allowed to use to organize a company.
Among these are the regulations would be restrictions on the forms of compensation you're allowed to provide high-value employees. Maybe the only legal form of pay for executives should be salary.
And again, you can enforce this by relying on the little people that the executives don't even recognize as human. Does a CEO formally have $10 million to their name, but they have exclusive use of a $100 million mansion provided by their company? Fine, let the janitor rat him out, and in turn the janitor will end up owning that mansion.
I do feel like we should not allow logical entities to own other logical entities. you can have a wrap something up to allow for pooling assets with individuals but it does seem like allowing multi levels like this causes all sorts of shenanigans. so yeah you can have a trust but no owning companies and if a company buys a company it becomes a combined company or the sale is not allowed.
Person wealth cap at 10M
Company wealth cap at 1B
Company employee cap at 1000
this gets a bit complicated. Do we want most companies contracting out with other companies extensively as a matter of course. Like boeing or such. I mean with 1k I think they would just design and then you would need another that is manufacturing. I guess like we have with processors but then of course the many parts are different companies but that s the way it is now anyway.
it shouldn’t even be legal for corporations to own other corporations.
100% agree
And again, you can enforce this by relying on the little people that the executives don’t even recognize as human. Does a CEO formally have $10 million to their name, but they have exclusive use of a $100 million mansion provided by their company? Fine, let the janitor rat him out, and in turn the janitor will end up owning that mansion.
These are some forms of possible cheats, yes, but again ask the question: does it make sense? Why would anyone permit the CEO of the company where they are a shareholder to live in a 100 million dollar mansion if it won't get you anything? That CEO won't get you anything more than 10M. The only way it would work is that those at the top of that company would get luxury things from the company while the company itself doesn't have the resources to survive because the limited resources went to the CEO.
In any case, this was just a single rule, feel free to add a few more :)
Person wealth cap at 10M
Company wealth cap at 1B
Company employee cap at 1000
Uh huh, but it doesn't work like that. Somebody has to own that lambo at some point, be it a person or company. You could have 100 people pool together half their resources and have half a billion dollar company that rents out lambos but at that point, what is the point of it all?
If in that universe, with wealth caps, somebody wants to show off with a Lamborghini, go ahead, its dumb. You're sinking boat loads of money into showing off to other people that you're just as rich as they are.
Either way, that doesn't matter. Nobody can cross the 10M line, nobody is stupid rich, governments get huge incomes, to me it sounds like a great change
Agreed. The promise of AI when I was younger (80s 90s) was it would do all the jobs no one wanted and we as humans could focus on arts, entertainment, and leisure. Somehow along the way those got crossed.
I agree, man. Let the tots axe whoever makes over 10 million and keeps it!!
who cares? that's not this year's problem let alone this quarter. this year, profits go up
It's illegal to look at next year
They will push the hard problems they create off to an unfunded government as usual. The only way I can see this working is by nationalizing the AI companies. The billionaires will balk, but millions of people with pitchforks can be a great motivator. The main issue will be if we allow these people to build robot armies, in which case this whole transformation becomes a lot harder.
People and land become "the stuff" and are abused and traded as they wish.
Theoretically if robots make everything, everything is free.
Automate the work no one wants to do and we can all grow and explore our own interests. Star Trek here we come! Don't chase money chase betterment of oneself and society. Sadly we will destroy ourselves way before it happens.
Once robots can do all the work for the rich, why would they bother to give anything to the poor?

top 86 comments