I would extend that concept to land itself.

Land should be nominally “owned” by all citizens of a country, and leased to specific people on an ongoing basis with similar rights to use it as currently, but without the right to “sell” it. You can choose to stop leasing it, and lease somewhere else instead.

Then the proceeds of that should be used to fund the UBI.

I mean it’s pretty obvious that people don’t tend to stop working.

All you have to do is look at groups of people who either don’t need income. Take a look at retired people for example, and you see many of them doing something productive with at least part of their time.

They may choose to do things that aren’t a paid job, like childcare for grand children, taking care of a home, or volunteering, but those are still work in my opinion.

Hell my own grandmother retired from being a grocery cashier for 40 years, then got bored and went back to work for another 5 years because she liked being social (it was a smaller town where she knew most of the customers).

The top 10 wealthiest people in the world only have a fortune of around 1.8 Trillion dollars.

The estimated global personal wealth for everyone in the world is around 450 Trillion dollars.

The top 10% of the world controls a massively disproportionate amount of wealth, but definitely not the top 10 people/families.

My wife tries to be a good mother, and much of it she does extremely well, but then she goes and makes some extremely illogical decision that have no basis in reality. I support her to show a united front in front of the kids, but the kids aren’t stupid and have figured out that it isn’t coming from me and are starting to resent her.

She’s always been like this, and it’s just something I’ve understood and accepted as part of the package that she is. The kids didn’t choose it though so it’s tough to understand why this happens.

When I say illogical, I mean things like they’re not allowed to go swimming at indoor pools. Outdoor pools or the lake are fine though. I have never been given a reason for this, it only started during/after covid.

Specific video games are banned for violence, despite other more violent or graphic games being approved. Usually just because they asked at a bad time, and instead of changing her mind later she just holds the line.

I’ve talked to her about it. She ain’t budging.

Sorry for the rant.

Arrrrrr

I have given more thought to what I would change my name to if I was trying to hide as a criminal than I have for if I switched genders.

I’d argue home assistant with some smart LEDs and a few sensors would be great.

Having a bulb that let’s you know the outside temperature/weather when you’re getting dressed in the morning is neat. Having a dimming pattern for sleeping time. Tons of other really simple stuff available too.

All of those are part of capitalism. Even most homesteading these days requires significant purchased inputs.

Precious metals, crypto, and anything else that’s an investment asset is quite literally the epitome of capitalism.

You really need a better economic education. You sound just as dumb as the people complaining about communism without knowing what that is either.

A proper Land value tax is a way of preventing owners from making any money off the appreciation of the value of land while still being profitable to construct or renovate if it adds value. It significantly reduces if not outright eliminates housing as an investment.

Land value taxes only apply to the value of the land itself, not the buildings, and therefore desirable areas with high land value taxes have a significant incentive to sell and be redeveloped with density which spread a that tax among a larger number of tenants.

The biggest downside is that it completely destroys existing equity. Which is both how it makes everything affordable again, and is also likely why it won’t pass as a policy for many years.

Currency isn’t the problem, and you really need to keep that concept separate from the issues that happen within Capitalism.

Currency is just a convenient method to measure and exchange resources.

Very few people desire an allocated home and weekly rations of flour, chicken, and butter. If you instead give them a list of things they can choose from, and assign ratios and a limit for total resources, all you’ve done is create a new currency.

I disagree, rent and price controls are not the correct tool.

Land value taxes are the correct method to solve that issue.

“UBI Free” doesn’t make sense. Everyone gets a UNIVERSAL basic income.

If you mean there would be areas of major metros where people who are not employed cannot live, those already exist.

I’m always happy to hear suggestions of alternate systems for resource allocation that do not involve capitalism. What do you propose?

Unintended consequences, or just ones you aren’t aware of?

There’s lots of known things that will happen, both good and bad.

• A significant de-urbanization would be likely, similar to what we saw with remote work during COVID
• There would be a drop in certain types of crime
• A small chunk of the population would become absolute shut-ins, and likely become very mentally unwell
• Divorce would probably go up
• The birth rate would likely also go up

I honestly don’t think either party is going to pick reduction in population beyond simply cancelling all immigration. And while that would lead to a reduction in the population over time, it’s far too slow to handle the unemployment spiking like that.

It’s more likely that the demand for LLM inference will drop off only once AGI exists.

There are billions of active users already having it do everything from coming up with ideas for Christmas presents, to helping them write e-mails to clients.

That isn’t going anywhere until there’s a better option on the table. People would have already got bored and moved on if it wasn’t doing anything useful for them.

I mean, we really don’t have the data to prove this either way.

https://www.tomshardware.com/tech-industry/artificial-intelligence/faulty-nvidia-h100-gpus-and-hbm3-memory-caused-half-of-the-failures-during-llama-3-training-one-failure-every-three-hours-for-metas-16384-gpu-training-cluster

Meta’s training of Llama3 405B model had a 1.34% failure rate for GPUs over the 54 days it ran, across 16387 gpus. It’s not likely that all of those faults led to bricked hardware either, they could have just lost part of their performance or memory.

The real question is does that test scale to the long term, often with hardware like this there’s a bathtub curve for failure. If those units used were brand new, many of the failures could have just been the initial wave of failures, and there could be a long period of relative stability that hadn’t even been seen yet.

GPU based coin mining demonstrated that GPUs often had a lifespan over 5 years of constant use before failure on consumer cards in often less than ideal operating conditions.

You’re pulling shit out of your ass at this point, there are some doom reports out of people suggesting that may be a problem, but there are also reports out of other companies(meta for example) with documentation saying the rate is much lower and the mean failure is 6+ years.

The other leftovers from the crash also won’t have that problem. It’s not just about GPUs. Datacenters and their infrastructure last a lot longer, and the electric generation/transportation networks will also potentially be useful for various alternative applications if the AI use case flops.

They’re still somewhat functional for those workloads, and they can even use those low-precision components to emulate high-precision using libraries like cublas, though obviously not as fast as hardware that could do it natively.

It’s not like they can’t do it at all. It’s just that Hopper was better at FP64 than Blackwell is but if Blackwell chips become effectively free due to an AI crash then you could likely still use them in that capacity.

The power costs are nothing compared to the hardware costs for those things.

Getting the massive power required is difficult for datacenters but the usage per unit of compute is actually quite low.