I just read an article from the New York Times about another "AI is gonna destroy humanity" concept. Ho-hum.
I'm kind of getting tired of people crying "wolf!", and hollering "the sky is falling!". The only reason I'm taking issue with this one is the concept that the author, Kai-Fu Lee, makes in his second to last paragraph:
"So if most countries will not be able to tax ultra-profitable A.I. companies to subsidize their workers, what options will they have? I foresee only one: Unless they wish to plunge their people into poverty, they will be forced to negotiate with whichever country supplies most of their A.I. software — China or the United States — to essentially become that country’s economic dependent, taking in welfare subsidies in exchange for letting the “parent” nation’s A.I. companies continue to profit from the dependent country’s users...."
Seriously?
Why does the rest of the world still think that we are some monstrously rich nation-state that can just pay for the rest of the world? Granted, AI is eating our lunch right now. But come on, people, let's use some common sense. There are hundreds of thousands of people in America that are just as displaced from AI and machines taking their jobs. Do you hear them hollering that India needs to pay their way? Well, some actually are, but most of us know better. And frankly, Mr. Lee, you should too.
Massive taxation will NOT solve where the money will come from for a universal basic income. What WILL solve this dilemma is all the stinking data that EVERY individual human on this planet generates. Even the smallest backwoods company taps into that data for streamlining their operations. What needs to happen is tieing that data into a blockchain that places a monetary value to it for the individual that generates that data. Then the individual gets a portion of the payment that the backwoods company paid to XYZ megacorp that audits and compiles the data stream.
Until this happens, the mega corporations are gonna fight taxation tooth and nail. You think there is a problem with offshore holdings now? You ain't seen nothin' yet.
I'm kind of getting tired of people crying "wolf!", and hollering "the sky is falling!". The only reason I'm taking issue with this one is the concept that the author, Kai-Fu Lee, makes in his second to last paragraph:
"So if most countries will not be able to tax ultra-profitable A.I. companies to subsidize their workers, what options will they have? I foresee only one: Unless they wish to plunge their people into poverty, they will be forced to negotiate with whichever country supplies most of their A.I. software — China or the United States — to essentially become that country’s economic dependent, taking in welfare subsidies in exchange for letting the “parent” nation’s A.I. companies continue to profit from the dependent country’s users...."
Seriously?
Why does the rest of the world still think that we are some monstrously rich nation-state that can just pay for the rest of the world? Granted, AI is eating our lunch right now. But come on, people, let's use some common sense. There are hundreds of thousands of people in America that are just as displaced from AI and machines taking their jobs. Do you hear them hollering that India needs to pay their way? Well, some actually are, but most of us know better. And frankly, Mr. Lee, you should too.
Massive taxation will NOT solve where the money will come from for a universal basic income. What WILL solve this dilemma is all the stinking data that EVERY individual human on this planet generates. Even the smallest backwoods company taps into that data for streamlining their operations. What needs to happen is tieing that data into a blockchain that places a monetary value to it for the individual that generates that data. Then the individual gets a portion of the payment that the backwoods company paid to XYZ megacorp that audits and compiles the data stream.
Until this happens, the mega corporations are gonna fight taxation tooth and nail. You think there is a problem with offshore holdings now? You ain't seen nothin' yet.
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