Replacing Expensive Welfare with Milton Friedman's Guaranteed Income Proposal: The Negative Income Tax in the Trump Administration (2025-2029)

No one is saying tat a dividend bill should not come with another companion bill to help price gouging.

2 Likes

As a fellow Software / IT guy… I used an LLM and some proding to produce a draft UBI/Dividend legislation with my own spin on a few things. This would come with a companion bill to help mitigate price gouging.
Link here → (Reuploaded and fixed formatting)

2 Likes

The BEST computer is a human brain, I agree

You take the smartest person, the best at their craft (art, writing, software engineering, doctor)

Compare them to an LLM/ML, and yes, they’ll be better (at least, for now)

But you take an average person - and they will be blown out of the water

1 Like

Why don’t we find out?

I’m willing to accept UBI is a terrible idea & will fail miserably

But what if it fixes all the problems, isn’t that worth a shot?

Setup a straightforward test, randomized controlled trial: select 1,000,000 recipients from 2 similar communities, half get UBI for 5 years, half don’t

Check the results on the community (pricing, well-being, joblessness, etc.)

Setup beforehand minimum requirements - if requirements are met, rollout to whole country

If they’re not, bail on the whole thing

1 Like

It doesn’t work ! Uk universal credit !
People cheat it still and it’s the taxpayer that foots the bills

2 Likes

Every single fictional book describes UBI as being a terrible idea. I believe many people will fall back on UBI because it is easy. If you give people the option to quit, when things get hard, many will. Adversity is important for the development of people. The nice things they want, they will work under the table for cash jobs etc. and remain eligible for UBI. You could argue to take cash away from society, but I also think that is a huge mistake.

1 Like

Whatever the government can give you, the government can take away.

The better solution is to have sound currency.

2 Likes

We are not advocating for a substansive income people can live off of alone, we are advocating for a buffer.

2 Likes

I use ChatGPT for work. It is able to do a bunch of simultaneous internet searches very quickly and summarize the information. For factual searches, this works pretty good. Additionally, there are things I ask ChatGPT where it doesn’t consider the full set of information available. Let’s consider my previous comment about people needing to trust the algorithm. If the developer of the LLM overlays a value system inconsistent with the end user, then the end user will have a bias against that system and quit using it. I believe Google has had some problems with this. Do you see where we run into a problem regarding how far AI and LLMs can take us?

1 Like

It is able to do a bunch of simultaneous internet searches very quickly

I don’t think you understand how neural networks & LLMs work… this is not it at all

It’s done through training of nodes, not so different from how your brain trains through neurons

Here’s another example of what this technology can do

1 Like

If the United States had a surplus income from some commodity or service we sold, I would be interested in this. However; you mentioned increasing taxes/VAT to pay for basic necessities for all citizens. What happens when people realize they can work, pay taxes, get a UBI check or Not Work, Not pay taxes, and still get a UBI Check?
IMO: Very quickly people will stop working and politicians will ‘promise’ and increase in UBI for their votes. But who will remain at work to pay the taxes for that UBI?

1 Like

That’s a fair concern - but something we’re going to need to deal with anyway, as automation is about to get very crazy & take over a huge % of jobs (this is not like industrialization - computer vision, ML, & LLMs are a different ballgame)

Who pays for everyone? I’m not sure - the companies making lots of $?

It’s a complex problem that we’re going to need to deal with in the coming decades

2 Likes

Ok, PJ made a movie trailer by prompting an LLM with a story line to create the trailer. Let’s revisit the basis of this back and forth, which is someone who’s job is replaced by AI will have to reinvent what they do.

Can’t a movie producer or screen writer with an original idea for a story line do the same thing as PJ?

Can’t an actor or actress change from making movies to only doing live performances?

Could people who’s job is replace by AI completely change careers altogether?

I don’t believe you are leaving room for the possibility that some things are meant to be done by or preferred to be done by humans.

Financial services has been going through this my entire career. I have been involved with it and had to reinvent my career. I learned and I adapted.

At this point, it may be best to agree to disagree.

2 Likes

Have you looked at a movie recently? Specifically, the credits?

5 years ago if someone wanted to make a preview like PJ made, how many people do you think it’d take over a 2-month period?

10? 100?

Replaced by 1 person doing this in a few days

I get the idea of “well in the past, people just found a new profession - they can do that now”

This is not quite the same, because it leaves very little that a human can do which a machine can’t do better & for cheaper

1 Like

I understand, for some industries, the need for human labor is going to be decimated. 100% agree. As I mentioned in my previous anecdote, 700 to 5 on a trading floor in 10 years. I have lived this and still work in financial services. It is possible to still have a job even with the massive amount of automation that will be realized in the near future. Someone still needs to tell the machine what to do. I know you are going to say that the software is getting so smart that it will be able to learn just like a human. Will humans allow it or trust it? We will see.

If computers are going to take 90% of the jobs that humans currently do, then every college professor better figure something else out. If there is a no return scenario on going to school, who is going to go?

2 Likes

Great idea, I posted a similar thread on this today:

2 Likes

I don’t think it’s a good idea. It tends to reduce self-esteem. I believe the places it’s been tried. It has not worked out well. It’s a socialist/collectivist policy . I believe it was also part of the Cloward and Piven strategy “the weight of the poor“ which was a globalist strategy to reform a country in a more “progressive“ model after being flooded with low skilled people from other countries and breaking the back of the healthcare system… This sounds familiar in Europe and the US now

3 Likes

I also posted a request to the forum administrators to be able to combine duplicates into 1 :rofl:

1 Like

NO!!!

It will make you even lazier than you already are, and will contribute to slovenly lifestyles even worse than the Garbage we see today…

AND, it will also make Druggies even More Prominent in our Streets by Multiplying the sheer number of users and homeless…

1 Like

You’ve obviously never been near some section 8 housing. This is not how it will work. If you take away people’s motivation to provide for themselves they will basically just get drunk and high ALL the time and have kids they don’t (and can’t) really take responsibility for. If people want to have an income then they need to work for it. They can even join the military. Only the truly disabled citizen should be provided for by our taxes and hopefully by charities. There isn’t any reason to give a person of able body and mind anything for free. If we want to help, we need to teach life skills, opportunities and most of all responsibility.

2 Likes