Why UBI sucks and a better solution

I've got a nifty idiot-proof solution for the "permanent underclass" problem

As AI gets better, more jobs get displaced. While job displacement is bad enough already, it gets worse because there's no jobs left as AI can do them all.

Welp. How do people make money then? I've got an idea, SPP.

WHY UBI SUCKS (and SPP wins)

First, let's analyse the two largest players:

  1. AI Companies AI companies want more profits, to improve intelligence and do more work. The more they work, the more they profit, the better the intelligence, the more jobs will get hit. It's a cycle.

  2. Governments: As a fact of nature, governments are slow & power-hungry - Problems take longer to solve, all while more "regulations" get introduced. As seen already, governments struggle to catch up, then try to control these AI companies. Not much to trust them with UBI

So what now? UBI fails because it depends on the AI companies or Governments to act against their interests - which is unlikely. Ouch.

My solution?

SPP - Split Profit from Power Gen.

Why this works?

Regardless of how smart AI models are, they can only run with energy Electricity, to be specific, because that's what computers that run the models use Said differently: Without electricity generation, nothing else works.

It's a stupidly simple observation, but the simplicity is why I think everyone's completely ignored the impact. No one seems to realise that the (now increasing) profits of power companies is a direct function of job replacement.

If that's the key ingredient, shouldn't the discussion around Ownership & Profit distribution be the MOST crucial discussion to be had to prevent permanent poverty?

Conditions to work:

  • Electricity companies charge an arm's length price to profit
  • Profits are shared for the marginalised to use Essentially a co-operative that manages the operations and distribution for power generation units.

Many such already exist. The Amul milk co-operative is the easiest one for reference, and a good reference for democratising energy-generation, so the marginalised split the profit margins for income.