universal basic income

“So I would say, first of all, it's kind of an unnecessary link and it's sort of a damaging way of thinking about things.”

“And a disruption of the economy, say by the rise of AI, will require a global solution. And most people who think about universal basic income, they think in national terms. Universal for them means US citizens.”

“And so we probably will have some version of universal basic income. Coming down as more robots and AIs come online”

“And the reservation system is essentially UBI. It's 65,000 dollars a year, I believe, per resident.”

“We have UBI for Native Americans. It's called the reservation system, and it's horrible. And, you know, it's 65,000 dollars a year a piece, and it does not do anything.”

“If all human wages go to zero or go below subsistence, then the only way to deal with that is through some kind of UBI rather than, you know, if you happen to sue open AI, you get a trillion dollar settlement. Otherwise you're kind of screwed.”

“In a future world with explosive growth, we're going to see so many new kinds of goods and services that will be possible that are not available today. And so distributing just like a basket of goods is just inferior to saying, oh, if like we solve aging, here…”