The Rise of the Machines by Brain Simpson

Advances in artificial intelligence (AI) accelerate, with a new tool  allowing AI to learn to do almost anything on a computer, learning to use Apps like humans do:
Open AI, the Ai lab backed by Tesla CEO Elon Musk, has released “Universe,” a virtual world for AI to learn, which covers any software, everything that a human can do with a computer. Universe is thus a software platform, software for running other software, and in principle this will lead to AI being able to solve any problem, better than humans can do. This is early days yet, but that was so with facial and digital image representation previously.

A recent article in The Australian: “Future Shock: What Happens When Robots Take Our Jobs” (January 17, 2017, p. 9) discusses the idea of a universal income scheme for dealing with the “end of work” problem. A side bar discussion notes that India’s Prime Minister Narendra Modi, after scrapping two high-value bank notes which account for 86 percent of India’s currency by value, now wants to introduce a universal basic income which directly gives cash to India’s poorest. His goal is, apparently, to control corruption in India.
India, after Russia, is the world’s second most unequal country, where the top 1 percent own 60 percent of the wealth.

There is also support for universal income schemes in a number of European countries such as France and Finland:

The above article points out that the “money” will have to come from somewhere and where else could it come from but taxes, which is problematic because in the “end of work” scenario the tax base is reduced substantially, and of course, it is taboo to even contemplate taxing the 1 percenters. Such is the thinking even of alternative political sites.

Universal income schemes are a product of traditional financial thinking and will be flawed for the basic reason that such thinking is flawed. Clearly a paradigm shift is needed to social credit and the national dividend for the AI world that is fast approaching. T
he “end of work” situation presents the golden opportunity for social credit champions to make their case. The alternatives seem particularly grim.



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Tuesday, 11 August 2020
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