493 karma · joined September 14, 2018
* Normal-Person will increase profits by 5% and will dutifully inform the media of those gains
* Super-Exec will increase profits by 5% and will give a charismatic interview leading the market to believe that profits may increase by 10% the next year, which is reflected in an outsized 30% rise in the price of company stock
The board will hire Super-Exec for $50mm/yr because they all hold stock in the company and are thus more interested in the stock price than in the company fundamentals.
The money isn't pulled out, though. It is redistributed to people, many of whom will immediately spend it, and others will invest it in various (hopefully efficient) ways.
> Why would a national government do this?
The problem of entry and exit. Say one state like Massachusetts implemented a UBI. Then we could expect many people to move to MA from surrounding states, or do whatever they can to have a legal address there. However I think there are possible solutions to this and a state-by-state implementation is actually possible. For example, Alaska has their dividend program and I think the results from that have been quite good.
> I don't think we need to be paying anyone who makes over 50k
I think I agree which is why I'm more in favor of a negative income tax or other means-tested system than true UBI. But if I were to argue in favor of an "everyone gets the same" program I'd say something like, implementation is somewhat less complicated, or it's easier to explain to the public.
As far as Warren Buffet goes, I don't worship him - he got pretty lucky, was a little bit disciplined, and rode a wave of increasing value of American stocks for 40 years - but to say he has been a "premier monopolist" (hint: having high profit margins on the back of brand recognition like Coca-Cola and Apple have done is not what a monopoly is) or is a "parasite on economic growth," is only your own preconceived bias.
And as far as the behavior of the very wealthy in general, the things you describe are things that the middle class or the poor do as well. The vast majority of human beings are assholes, unfortunately. If you do happen to be a good person, though, I think the world is better off if you're wealthy than if you're poor. And if you set out to do the most good possible in the world, then choosing a career where you can make a lot of money, and then donating a large portion of it, is not a bad way to go. Doubly so if you can help people along the way, as many doctors or lawyers with pro bono hours do.
But of course those are highly correlated - it's easier to help a lot of people if you have plenty of surplus wealth and time to share out. I'd imagine that Warren Buffet will end up helping more people that almost anyone else in the past 100 years despite never really having a goal other than "make lots of money."
2. If it's overly difficult for handicapped people to press the buttons then they should never have been implemented in the first place. But considering that they exist, if they are difficult to press and pressing is required to cross, isn't that just altogether worse for disabled people than if they are difficult to press but entirely nonfunctioning/nonrequired?
It seems to me that the complaint begins and ends with the assumption that if something is good for a big corporation then it must be bad for society at large, and vice versa.
Most of the "mistakes" in the video looked to me more like a hyper-cautious grandmother than an A.I. that fundamentally doesn't know how to drive.
Think about why tech companies provide ping-pong tables and nap-chambers (obviously unproductive) and yet Wal-Mart isn't sending its warehouse workers to warehousing industry conferences (presumably at least somewhat productive).
No, but they might otherwise have been employed somewhere else, like SF. It's a zero-sum game, which is part of the reason why this whole bidding for corporate headquarters business is silly from a national perspective.