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I'm struggling to understand where all this high income will come from. If a business owner replaces paid labor with robots, what happens to all the laborers? I can see how the business owner's station improves, because he now has lower labor costs. But one person's labor "cost" is another person's entire livelihood.
Optimus will supply magic land to grow crops on and mines for minerals where there is more enough to supply a whole world of the new high income elites.
FTFY. The identification of the set of all people who matter to Musk is left as an exercise for the reader.
Oh, he understands it quite well. He knows very well his perceived wealth is based entirely on how much he can hype and overvalue the companies he holds and convince people to sustain such unsupportable share prices for them. He just hopes you don't understand that.
I'm sorry, but that 99% figure is grossly misleading. If you read the article it's actually 99.9997% approximately. "Very nearly 100%" would be far more accurate.Tesla’s 4680 battery supply chain collapses as partner writes down deal by 99%
A major link in Tesla’s 4680 battery supply chain has just snapped. South Korean battery material supplier L&F Co. announced...
Elon doesn't think that somebody's who's not already really rich is a person.
If you wave a magic wand and replace all the human workers with robots that cost the owners nothing, the profits will sky rocket. The universal income will be paid for out of those extra profits.
Without workers, there aren't wages. Without wages, there aren't buyers. Without buyers, there aren't profits. Without profits, the universal income cannot be paid.
Right—it's just Trickle Down, only with a token liberal character in the cast. The billionaires aren't lining up now to pay for the entitlement programs that already exist. There's no reason to suppose their attitudes will change. UBI simply recasts former Makers as Takers, and we all know where the billionaires stand on that particular moral distinction. In fact, Elon Musk is in the vanguard of the fight against organized labor. Even if you're literally a Maker right now, Musk doesn't believe you deserve to negotiate for a comfortable life. I don't think robots are going to fix that.
Easy, just have more robots to maintain the robots. It's robots all the way down.
I agree. My manufacturing is done by a group of very highly skilled, highly trained, and handsomely paid employees. I use robots, but only for tasks that require more precision than a human can manage without considerable fatigue. None of my robots are anthropomorphic. And my human workers—who are anthropomorphic—require special tools and accommodations for that.
It really does seem to upend the billionaires' notion of Makers versus Takers.
Ostensibly a living UBI would supplant wages and create a class of buyers. But even so, today's billionaires haven't worked out that even the worst of the Takers enliven the economy by allowing more people to participate in it. Billionaires didn't accidentally or incidentally make a billion dollars. It happened because they really do just want to keep acquiring that much more wealth and power than their fellows. It becomes an end unto itself and ultimately convinces them they are inherently morally entitled to that station. Therefore I don't trust any billionaire's plan that involves relinquishing the advantages of billionaireship, or which suddenly and altruistically proposes to recognize inherent worth among the unwashed masses.
