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originally posted by: willzilla
The federal reserve prints money that it loans to the government. That is why we pay income taxes. Federal reserve act signed by Woodrow Wilson.
The first income tax was created in 1861 during the Civil War as a mechanism to finance the war effort. In addition, Congress passed the Internal Revenue Act in 1862 which created the Bureau of Internal Revenue, an eventual predecessor to the IRS.
US Income Tax History, Taxucation
originally posted by: Bluntone22
a reply to: luthier
Ever watched the movie terminator?
originally posted by: KTemplar
a reply to: luthier
Watched the video. I must say the thought of trucks driving around without drivers scares the heck out of me.
UBI sounds like welfare without all the red tape involved, although I believe it could help in cases where people would like to be retrained or educated, but what about the ones with idle hands doing the work of the devil.
On the other hand, more women would be able to stay home and actually raise their own children, which is needed IMO.
It might free up the highways a little, congestion wise.
Have to give it some thought as to the possible downfalls!
originally posted by: luthier
originally posted by: KTemplar
a reply to: luthier
Watched the video. I must say the thought of trucks driving around without drivers scares the heck out of me.
UBI sounds like welfare without all the red tape involved, although I believe it could help in cases where people would like to be retrained or educated, but what about the ones with idle hands doing the work of the devil.
On the other hand, more women would be able to stay home and actually raise their own children, which is needed IMO.
It might free up the highways a little, congestion wise.
Have to give it some thought as to the possible downfalls!
All totally reasonable. I agree with your assessment. I don't know a ubi is good either.
Some of my thoughts. Lazy people already are lazy and actually cost far more than just cutting a check for 1000.
Non lazy people getting money would be a stimulus. My wife and I wouldn't stop working for 12k a year. We would probably buy say a new playhouse or fridge. Maybe we have to move for work and don't have to use the credit cards...
In terms of a town where a large employer moves 1000 a month is 1000x the population that will still buy at least part of what they used to.
The downside and real danger is would it make more people lazy...I don't think 12k is enough to do that. Welfare gets you more now in many states.
But who knows what unintended consequences would occur.
Why we need AI is not important. It just is. It is the nature of competition. To be better than yesterday or best your competitor.
For instance it sees shades of grey a dr can not in x ray. So it finds tumors faster and can process many more x Ray's.
Genetic engineering will eventually cure disease through gentics or rewrite the code to not have them at conception. This is already on human trials in different degrees...
Next will be traits including IQ. WHO is having talks about this. Most of the public totally ignorant of how fast it's coming.
originally posted by: KTemplar
originally posted by: luthier
originally posted by: KTemplar
a reply to: luthier
Watched the video. I must say the thought of trucks driving around without drivers scares the heck out of me.
UBI sounds like welfare without all the red tape involved, although I believe it could help in cases where people would like to be retrained or educated, but what about the ones with idle hands doing the work of the devil.
On the other hand, more women would be able to stay home and actually raise their own children, which is needed IMO.
It might free up the highways a little, congestion wise.
Have to give it some thought as to the possible downfalls!
All totally reasonable. I agree with your assessment. I don't know a ubi is good either.
Some of my thoughts. Lazy people already are lazy and actually cost far more than just cutting a check for 1000.
Non lazy people getting money would be a stimulus. My wife and I wouldn't stop working for 12k a year. We would probably buy say a new playhouse or fridge. Maybe we have to move for work and don't have to use the credit cards...
In terms of a town where a large employer moves 1000 a month is 1000x the population that will still buy at least part of what they used to.
The downside and real danger is would it make more people lazy...I don't think 12k is enough to do that. Welfare gets you more now in many states.
But who knows what unintended consequences would occur.
Why we need AI is not important. It just is. It is the nature of competition. To be better than yesterday or best your competitor.
For instance it sees shades of grey a dr can not in x ray. So it finds tumors faster and can process many more x Ray's.
Genetic engineering will eventually cure disease through gentics or rewrite the code to not have them at conception. This is already on human trials in different degrees...
Next will be traits including IQ. WHO is having talks about this. Most of the public totally ignorant of how fast it's coming.
Better imaging I’m fine with that!
AI driving trucks, nope!
So this is our future: Tremendous loss of jobs due to AI, designer babies for people with the means to do so, more people homeless yet they are not allowed to sleep in public places. Greed, overpopulation. Makes me want to build a treehouse some days.
People always want more! We need balance and birth control!
originally posted by: ADVISOR
originally posted by: willzilla
The federal reserve prints money that it loans to the government. That is why we pay income taxes. Federal reserve act signed by Woodrow Wilson.
No, not even close.
History lesson time;
The first income tax was created in 1861 during the Civil War as a mechanism to finance the war effort. In addition, Congress passed the Internal Revenue Act in 1862 which created the Bureau of Internal Revenue, an eventual predecessor to the IRS.
US Income Tax History, Taxucation