Special_Freedom_8069

Special_Freedom_8069 t1_je68ehv wrote

Reply to Would it be a good idea for AI to govern society? by JamPixD

The current AI has better critical thinking and communication skills than >80% of the politicians in the world, so yes.

That said, the difficult part I think is how to control what and how data and information about society is fed into the AI, so that it will be as impartial as possible when making decisions.

5

Special_Freedom_8069 t1_jdxp146 wrote

Reply to How much money saved is the ideal amount to withstand the transition from our economy now, through the period of mass AI-driven layoffs, to implemented UBI? by Xbot391

It depends on your living expenses. It may not be completely relevant in this case, but in the r/financialindependence community they have the so called "4% rule" where you can withdraw 4% per year from your portfolio indefinitely. So, let's say you need $30000 per year, you would need $750000 in your portfolio to not having to work ever again. But if you are just planning to ride out a few years the amount is much smaller of course.

I also foresee that the 4% rule or even the whole FIRE (Financial Independence, Retire Early) movement will die out once UBI arrives, for obvious reasons.

1

Special_Freedom_8069 t1_jctotjg wrote

Reply to How do you think will AGI affect the economy and Cryptocurrency / Bitcoin? by oopiex

I have my doubts on the value of Crypto, but owning assets is indeed getting more important as we approach AGI / Singularity. AGI will cause technological unemployment and is thus highly deflationary. In that case it is actually preferable to hold assets that will appreciate in a deflationary environment e.g. bonds, dividend stocks, money market funds, CDs (certificate of deposit, not the one you can by in record stores!), even cash (cash appreciates during deflation).

1