I just released a new breakdown on CNN’s recent segment with Andrew Yang, where they argue that UBI may now be urgently required because AI is eliminating jobs.
The problem is that the reports they cite don’t say that — in fact they predict disruption and transformation, not mass unemployment.
And the proposed funding model for UBI simply doesn’t work at today’s level of AI profitability or competitiveness.
Two key takeaways:
• You can’t fund UBI by taxing AI companies before AI becomes powerful enough to generate real profits.
• Slowing or overtaxing AI now would hand China the lead, making any future UBI less realistic — not more.
Full video here: