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Elon Musk predicts that "we'll have universal high income." "We'll basically just issue money to people because the output of goods and services will so far exceed the money supply that effectively you have deflation."

Resist the Mainstream

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56,346 次观看 • 4 个月前 •via X (Twitter)

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“We'll have universal high income. We're basically just issuing money to people, and just because the output of Business Services will so far exceed the money supply, that effectively you have deflation, because deflation is just the ratio of the outputs of goods and services to the money supply. If the rate of growth of goods and services exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation.” - Elon Musk

“We'll have universal high income. We're basically just issuing money to people, and just because the output of Business Services will so far exceed the money supply, that effectively you have deflation, because deflation is just the ratio of the outputs of goods and services to the money supply. If the rate of growth of goods and services exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation.” - Elon Musk

DogeDesigner

1,546,714 次观看 • 5 个月前

Elon: "I do agree with you that it's it's likely to be great [future of humanity]. It's probably 80% likely maybe more likely to be great. And I do think we'll have universal high income." "We'll basically just issue money to people, really just because the output of goods and services will so far exceed the money supply that effectively you have deflation because deflation is just the ratio of the outputs of goods and services to the money supply." "If the rate of growth of goods and services far exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation."

Elon: "I do agree with you that it's it's likely to be great [future of humanity]. It's probably 80% likely maybe more likely to be great. And I do think we'll have universal high income." "We'll basically just issue money to people, really just because the output of goods and services will so far exceed the money supply that effectively you have deflation because deflation is just the ratio of the outputs of goods and services to the money supply." "If the rate of growth of goods and services far exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation."

Peter H. Diamandis, MD

56,279 次观看 • 3 个月前

🚨 Elon Musk on how people will receive money in an AI-powered future: “I think the Treasury should simply issue people checks. A lot of what we’re trying to think about involves things that were relevant in the past but will not be relevant in the future. Inflation is simply the ratio of money to the rate of goods and services. So if the output of goods and services increases dramatically, if it increases by 1,000%, you can increase the money supply. You can literally print money, or change the database and create money in the database. Provided the creation of that money is less than the rate at which goods and services increase, you actually have deflation. So I’ll make a prediction, which is that deflation will be the issue, not inflation, because if the output of goods and services increases faster than the money supply, you will have deflation.”

🚨 Elon Musk on how people will receive money in an AI-powered future: “I think the Treasury should simply issue people checks. A lot of what we’re trying to think about involves things that were relevant in the past but will not be relevant in the future. Inflation is simply the ratio of money to the rate of goods and services. So if the output of goods and services increases dramatically, if it increases by 1,000%, you can increase the money supply. You can literally print money, or change the database and create money in the database. Provided the creation of that money is less than the rate at which goods and services increase, you actually have deflation. So I’ll make a prediction, which is that deflation will be the issue, not inflation, because if the output of goods and services increases faster than the money supply, you will have deflation.”

DogeDesigner

136,115 次观看 • 2 个月前

Elon musk reveals how we can prevent inflation and it would only take 3 years "So the U.S. is increasing the money supply quite substantially with you know, deficits that are on the order of $2 trillion." "Uh, so, so you have to have um, you know, goods and services output increase more than that in order to not have inflation." "So, we're not there yet, but if you say like, like how long would it take us to get there, I think it's three years. Probably three years before in three years or less, my my guess is goods and services output will exceed the rate of inflation. Like, money goods and services growth will exceed money money supply growth in about three years."

Elon musk reveals how we can prevent inflation and it would only take 3 years "So the U.S. is increasing the money supply quite substantially with you know, deficits that are on the order of $2 trillion." "Uh, so, so you have to have um, you know, goods and services output increase more than that in order to not have inflation." "So, we're not there yet, but if you say like, like how long would it take us to get there, I think it's three years. Probably three years before in three years or less, my my guess is goods and services output will exceed the rate of inflation. Like, money goods and services growth will exceed money money supply growth in about three years."

Rad

31,178 次观看 • 3 个月前

Elon Musk had to explain inflation - a basic economic principle to The Economist’s editor-in-chief: Zanny Minton Beddoes: We live in democracies, and people are very worried about this. Do we need massive redistribution from people like you to people who lose their jobs? Do we need higher taxes on capital to fund some form of universal income? Otherwise, what will people live on? Elon Musk: I think the Treasury should simply issue people checks. Zanny Minton Beddoes: But where would the revenue come from? If you simply issue checks, you will create inflation. Elon Musk: A lot of the ways we think about these issues were relevant in the past, but will not be relevant in the future. Inflation is simply the ratio of money to goods and services. If the output of goods and services rises dramatically, say by 1,000 percent, you can print money, or in this case, create money by changing a database. As long as money creation is lower than the rate at which goods and services increase, you will have deflation. My prediction is that deflation, not inflation, will be the issue. If goods and services increase faster than the money supply, you will have deflation. Zanny Minton Beddoes: I am perfectly willing to believe that. You may well be right.

Elon Musk had to explain inflation - a basic economic principle to The Economist’s editor-in-chief: Zanny Minton Beddoes: We live in democracies, and people are very worried about this. Do we need massive redistribution from people like you to people who lose their jobs? Do we need higher taxes on capital to fund some form of universal income? Otherwise, what will people live on? Elon Musk: I think the Treasury should simply issue people checks. Zanny Minton Beddoes: But where would the revenue come from? If you simply issue checks, you will create inflation. Elon Musk: A lot of the ways we think about these issues were relevant in the past, but will not be relevant in the future. Inflation is simply the ratio of money to goods and services. If the output of goods and services rises dramatically, say by 1,000 percent, you can print money, or in this case, create money by changing a database. As long as money creation is lower than the rate at which goods and services increase, you will have deflation. My prediction is that deflation, not inflation, will be the issue. If goods and services increase faster than the money supply, you will have deflation. Zanny Minton Beddoes: I am perfectly willing to believe that. You may well be right.

Doge Tipping

121,558 次观看 • 2 个月前

ELON: WE WILL UNIVERSAL HIGH INCOME DURING AN AGE OF ABUNDANCE “We won't have universal basic income. We'll have universal high income. Everyone will have access to this magic genie. It'll be the best tutor, the most patient one. There will be no shortage of goods and services. It will be an age of abundance.” Source: Interview with Rishi Sunak, November 2023

ELON: WE WILL UNIVERSAL HIGH INCOME DURING AN AGE OF ABUNDANCE “We won't have universal basic income. We'll have universal high income. Everyone will have access to this magic genie. It'll be the best tutor, the most patient one. There will be no shortage of goods and services. It will be an age of abundance.” Source: Interview with Rishi Sunak, November 2023

Mario Nawfal

347,441 次观看 • 11 个月前

The depth of Elon Musk’s messianic delusions is not fully appreciated. He is a transhumanist eugenicist who thinks humans are a “biological bootloader” for AI. He believes that purging humanity of “inferior races” is crucial to his mission of creating a superintelligence. Musk tells accelerationist fraud Peter Diamandis that humanity will be like an “Iain Banks Culture sort of future.” The Culture is a science fiction series by socialist author Iain M. Banks in which humanity is a kind of pet for giant AIs that control huge spaceships. Humans can change their bodies into almost anything—switch gender, add wings, etc.—and take all the drugs they want. This is the future Musk imagines: Superintelligent AIs that allow a few elites to hang around enjoying “abundance.” The rest of us are nowhere to be found in his vision. His only response to the poors is to just throw money at us—because he says it’s worth nothing anyway. In reality, he will use his unlimited money and power to try to cull the population. He’s already started. MUSK: And I do think we’ll have universal income. We’ll basically just issue money to people and the, really, just because the output of goods and services will so far exceed the money supply. But that, that effectively you have deflation. Because just deflation is just the ratio of the output of goods and services to the money supply. So that’s, so if the rate of growth of goods and services or exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation. DIAMANDIS: Yes. And a lot of people spinning up new companies, competing against each other, driving the price down and increasing the variability and deflation. Faster and faster. MUSK: Yeah, it’s basically, yeah, AI and robots are going to make so much stuff and provide to many services that they will actually run out of things to do for the humans. They’ll just run out of things to do for the humans. And then they, well, you know, there’s only so much that humans can even express that they want. So you go back to my example of like, if you go a million times greater than the host economy, you’ve long since saturated all human desire. You know, maybe like, if you go a thousand times more than our current economy, thousand times, you probably have already saturated saturated human, anything people can think of that they want. DIAMANDIS: So do you think the value of money is going to significantly decrease? Will it, will we go post capitalist? MUSK: Yeah, I think money will stop being relevant at some point in the future. So just as you’re becoming-- It’s probably something like an Iain Banks Culture sort of future. And I think the AI down the road will really not use human currency. It will just care about power and mass, what is in tonnage? DIAMANDIS: It’s kind of ironic then, right? Just as you’re becoming a multi-trillionaire or money starts to have less value. MUSK: Yeah, pretty much. Yeah, you know, there’s all this stuff. It’s really just truly the interest represents like some percentage ownership in companies that I have, you know, built. And it’s not like sitting in the bank account. It’s just literally, I don’t know, percentage of the companies the companies are doing. Let’s say useful things, the value that company grows. I own a percentage of the companies. And that sums up to that number, which seems high.

The depth of Elon Musk’s messianic delusions is not fully appreciated. He is a transhumanist eugenicist who thinks humans are a “biological bootloader” for AI. He believes that purging humanity of “inferior races” is crucial to his mission of creating a superintelligence. Musk tells accelerationist fraud Peter Diamandis that humanity will be like an “Iain Banks Culture sort of future.” The Culture is a science fiction series by socialist author Iain M. Banks in which humanity is a kind of pet for giant AIs that control huge spaceships. Humans can change their bodies into almost anything—switch gender, add wings, etc.—and take all the drugs they want. This is the future Musk imagines: Superintelligent AIs that allow a few elites to hang around enjoying “abundance.” The rest of us are nowhere to be found in his vision. His only response to the poors is to just throw money at us—because he says it’s worth nothing anyway. In reality, he will use his unlimited money and power to try to cull the population. He’s already started. MUSK: And I do think we’ll have universal income. We’ll basically just issue money to people and the, really, just because the output of goods and services will so far exceed the money supply. But that, that effectively you have deflation. Because just deflation is just the ratio of the output of goods and services to the money supply. So that’s, so if the rate of growth of goods and services or exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation. DIAMANDIS: Yes. And a lot of people spinning up new companies, competing against each other, driving the price down and increasing the variability and deflation. Faster and faster. MUSK: Yeah, it’s basically, yeah, AI and robots are going to make so much stuff and provide to many services that they will actually run out of things to do for the humans. They’ll just run out of things to do for the humans. And then they, well, you know, there’s only so much that humans can even express that they want. So you go back to my example of like, if you go a million times greater than the host economy, you’ve long since saturated all human desire. You know, maybe like, if you go a thousand times more than our current economy, thousand times, you probably have already saturated saturated human, anything people can think of that they want. DIAMANDIS: So do you think the value of money is going to significantly decrease? Will it, will we go post capitalist? MUSK: Yeah, I think money will stop being relevant at some point in the future. So just as you’re becoming-- It’s probably something like an Iain Banks Culture sort of future. And I think the AI down the road will really not use human currency. It will just care about power and mass, what is in tonnage? DIAMANDIS: It’s kind of ironic then, right? Just as you’re becoming a multi-trillionaire or money starts to have less value. MUSK: Yeah, pretty much. Yeah, you know, there’s all this stuff. It’s really just truly the interest represents like some percentage ownership in companies that I have, you know, built. And it’s not like sitting in the bank account. It’s just literally, I don’t know, percentage of the companies the companies are doing. Let’s say useful things, the value that company grows. I own a percentage of the companies. And that sums up to that number, which seems high.

Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸

178,762 次观看 • 3 个月前

"We won't have universal basic income, we'll have universal high income." Elon Musk has said AI will be an "equalizer" in the labor market in a discussion with UK Prime Minister Rishi Sunak.

"We won't have universal basic income, we'll have universal high income." Elon Musk has said AI will be an "equalizer" in the labor market in a discussion with UK Prime Minister Rishi Sunak.

unusual_whales

1,048,537 次观看 • 2 年前

Elon Musk: "People get confused and sometimes they think that the economy is money, Money is a database of exchanging goods and services, and for time shifting the exchange of goods and services."

Elon Musk: "People get confused and sometimes they think that the economy is money, Money is a database of exchanging goods and services, and for time shifting the exchange of goods and services."

Thomas Sowell Quotes

14,051 次观看 • 5 个月前

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag

Mario Nawfal

718,015 次观看 • 10 个月前

Elon Musk: If everyone gets a Universal High Income, working will be optional and people will have ANY GOODS AND SERVICES THEY WANT — “If you can think of it, you can have it.. will be the future.” Sounds nice, but my brain sees this scenario going waaaaay differently.

Elon Musk: If everyone gets a Universal High Income, working will be optional and people will have ANY GOODS AND SERVICES THEY WANT — “If you can think of it, you can have it.. will be the future.” Sounds nice, but my brain sees this scenario going waaaaay differently.

MJTruthUltra

323,050 次观看 • 9 个月前

Elon Musk: I’ll make a prediction— Money won’t matter in 2036.. He predicts that AI robots will be providing so much goods and services that money will be pretty much useless. What could go wrong? Clip Full Interview

Elon Musk: I’ll make a prediction— Money won’t matter in 2036.. He predicts that AI robots will be providing so much goods and services that money will be pretty much useless. What could go wrong? Clip Full Interview

MJTruthUltra

42,106 次观看 • 1 个月前

Elon Musk: Goods and services will be available to everyone. It's going to be a very different world. “Once you have humanoid robots and deep intelligence, you basically have quasi-infinite products and services available. With Tesla building the most advanced humanoid robot, then those humanoid robots can be directed by deep intelligence at the data center level. You can produce any product or provide any service. There's really no limit to the economy at that point. At that point, will money even be meaningful? It might not be. Because the economic output is productivity per capita times capita. And if you have no meaningful limit on the number of robots and the robots can basically do anything, then you'll have a universal high-income situation. Anyone will be able to have as many products and services as they want, except for things that have artificial scarcity, like a particular piece of art. But for any goods and services, they'll be available to everyone. It's going to be a very different world.” Dubai World Government Summit, February 13, 2025

Elon Musk: Goods and services will be available to everyone. It's going to be a very different world. “Once you have humanoid robots and deep intelligence, you basically have quasi-infinite products and services available. With Tesla building the most advanced humanoid robot, then those humanoid robots can be directed by deep intelligence at the data center level. You can produce any product or provide any service. There's really no limit to the economy at that point. At that point, will money even be meaningful? It might not be. Because the economic output is productivity per capita times capita. And if you have no meaningful limit on the number of robots and the robots can basically do anything, then you'll have a universal high-income situation. Anyone will be able to have as many products and services as they want, except for things that have artificial scarcity, like a particular piece of art. But for any goods and services, they'll be available to everyone. It's going to be a very different world.” Dubai World Government Summit, February 13, 2025

ELON CLIPS

32,893 次观看 • 1 年前

Some people argue that, after the singularity, the human labour share will still be high. Anything that can be produced by AI will become extremely cheap, and so we'll spend our money on the "human touch". But Philip Trammell points out that a Mongolian economist in 1400 might have made the same prediction about today's world: industrialisation will automate the production of yurts and yogurt, so we'll just spend all our money on singers. What the argument misses is that automation doesn't just make existing goods cheaper - it creates whole new categories of goods that we can't easily predict.

Some people argue that, after the singularity, the human labour share will still be high. Anything that can be produced by AI will become extremely cheap, and so we'll spend our money on the "human touch". But Philip Trammell points out that a Mongolian economist in 1400 might have made the same prediction about today's world: industrialisation will automate the production of yurts and yogurt, so we'll just spend all our money on singers. What the argument misses is that automation doesn't just make existing goods cheaper - it creates whole new categories of goods that we can't easily predict.

Dwarkesh Patel

71,937 次观看 • 3 个月前

Elon Musk Asked What Stocks He Would Buy $GOOGL $NVDA $GOOG 1) Google 2) Nvidia “That output of goods and services from AI and robotics will be so high that it will dwarf everything else”. I’d have to say I agree with his picks.

Elon Musk Asked What Stocks He Would Buy $GOOGL $NVDA $GOOG 1) Google 2) Nvidia “That output of goods and services from AI and robotics will be so high that it will dwarf everything else”. I’d have to say I agree with his picks.

John Tinsman

119,164 次观看 • 4 个月前

ELON MUSK WARNS OF DEFLATION IN AI FUTURE Elon Musk says the Treasury should eventually send money directly to people in an AI-driven economy. "My prediction is that we will desperately be fighting deflation."

ELON MUSK WARNS OF DEFLATION IN AI FUTURE Elon Musk says the Treasury should eventually send money directly to people in an AI-driven economy. "My prediction is that we will desperately be fighting deflation."

CryptoGoos

48,690 次观看 • 3 个月前

Elon Musk in new interview on how to solve the U.S. debt crisis: "So long as civilization keeps advancing, we will have AI and robotics at very large scale. That's the only thing that's gonna solve for the US debt crisis; In 3 years or less, my guess is goods and services growth will exceed money supply growth."

Elon Musk in new interview on how to solve the U.S. debt crisis: "So long as civilization keeps advancing, we will have AI and robotics at very large scale. That's the only thing that's gonna solve for the US debt crisis; In 3 years or less, my guess is goods and services growth will exceed money supply growth."

Navroop Singh

25,696 次观看 • 9 个月前

Elon Musk: The real economy is goods and services, not money. Money is just a database. “People get confused. Sometimes, they think an economy is money. Money is a database for exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money doesn't have power in and of itself. You can run the thought experiment of you're trapped on a remote island, shipwrecked on an island, and you've got a trillion dollars in a Swiss bank account. It's worthless. You'd rather have a can of soup. So you know, all the Bitcoin in the world, you're still going to starve. So, the actual economy is goods and services.” From: Welt Interview, April 15, 2022

Elon Musk: The real economy is goods and services, not money. Money is just a database. “People get confused. Sometimes, they think an economy is money. Money is a database for exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money doesn't have power in and of itself. You can run the thought experiment of you're trapped on a remote island, shipwrecked on an island, and you've got a trillion dollars in a Swiss bank account. It's worthless. You'd rather have a can of soup. So you know, all the Bitcoin in the world, you're still going to starve. So, the actual economy is goods and services.” From: Welt Interview, April 15, 2022

ELON CLIPS

169,307 次观看 • 1 年前