Hacker News Reader

Literally any investment is a divert of resources from the present (harming the present) to the future. E.g. planting grains for next year rather than eating them now.

View on HN

There is a difference between investing in a company who is developing ai software in a widely accessible way that improve everyone’s lives and a company that pursues software to put out of work entire sectors for the profit of a dozen of investors

"Put out of work" is a good thing. If I make a new js library which means a project that used to take 10 devs now takes 5 I've put 5 devs out of work. But ive also made the world a more efficient place and those 5 devs can go do some other valuable thing.

What percent of those devs don’t do a valuable thing and become homeless?

Maybe devs are a bad example, so replace them with “retail workers” in your statement if it helps.

Is “put out of work” a good thing with no practical limits?

Yes, the ideal is when most jobs are genuinely automated we can finally afford UBI.

Who can afford it? When LawyerAI and AccountAI are used by all of the mega corps to find more and more tax loopholes and many citizens can’t work then where will UBI come from?

And people with money will want to make UBI happen because...?

Reply on news.ycombinator.com