adambaybutt
adambaybutt on Hacker News
Happy to see HN comments largely explaining how the author of the Politico article wrote an ignorant dunk on free trade.
Maybe there are some folks around here who still believe in liberty and are optimistic about technological progress.
Ah, fair. Yea, perhaps the capitalism we have tried is the closest that is practically possible.
I think we overweight how many people in society do not know what to do with cash. I think we may say that we believe they can do something better with it and sure perhaps, but it is bold to believe one knows what to do better with another's resources.
Depends how medical advice is defined, but AI has been shown to be better than humans in several contexts already, e.g. radiology.
A society built via capitalism just gives people what they want; not maximizing some arbitrary objective function.
We currently have no capitalist societies on earth.
He's seems open to the idea that it is just a transfer to a citizen's brokerage account which could be a service provided by the private market.
Exactly. Sam isn't a politician or policymaker. He is trying to contribute ideas for others to improve and implement.
Technology has reduced costs of goods and services by orders of magnitude more than any public policy.
But yes I do agree iterating to improve public policy is important too.
Hence the organization of Sam's essay to reflect this.
Sam's proposal doesn't avoid the wealth tax compounds simple arithmetic that PG notes.
And yes many important questions for society to answer on this, e.g. how much does is disincentivize entrepreneurs if they have half of their wealth taxed away over the decades compared to current taxation system?
Altman isn't arguing that Moore's Law DOES apply to everything but rather than we should work toward such a world.
It is good for society if the costs of goods and services decrease over time to allow a given income/wealth level to live a better life over time.