adambaybutt

4 tahun yang laludiscuss

Happy to see HN comments largely explaining how the author of the Politico article wrote an ignorant dunk on free trade.

Maybe there are some folks around here who still believe in liberty and are optimistic about technological progress.

adambaybutt

5 tahun yang laludiscuss

https://med.stanford.edu/news/all-news/2018/11/ai-outperform...

among others

adambaybutt

5 tahun yang laludiscuss

Ah, fair. Yea, perhaps the capitalism we have tried is the closest that is practically possible.

I think we overweight how many people in society do not know what to do with cash. I think we may say that we believe they can do something better with it and sure perhaps, but it is bold to believe one knows what to do better with another's resources.

adambaybutt

5 tahun yang laludiscuss

Depends how medical advice is defined, but AI has been shown to be better than humans in several contexts already, e.g. radiology.

adambaybutt

5 tahun yang laludiscuss

A society built via capitalism just gives people what they want; not maximizing some arbitrary objective function.

We currently have no capitalist societies on earth.

adambaybutt

5 tahun yang laludiscuss

He's seems open to the idea that it is just a transfer to a citizen's brokerage account which could be a service provided by the private market.

adambaybutt

5 tahun yang laludiscuss

Exactly. Sam isn't a politician or policymaker. He is trying to contribute ideas for others to improve and implement.

adambaybutt

5 tahun yang laludiscuss

Technology has reduced costs of goods and services by orders of magnitude more than any public policy.

But yes I do agree iterating to improve public policy is important too.

Hence the organization of Sam's essay to reflect this.

adambaybutt

5 tahun yang laludiscuss

Sam's proposal doesn't avoid the wealth tax compounds simple arithmetic that PG notes.

And yes many important questions for society to answer on this, e.g. how much does is disincentivize entrepreneurs if they have half of their wealth taxed away over the decades compared to current taxation system?

adambaybutt

5 tahun yang laludiscuss

Altman isn't arguing that Moore's Law DOES apply to everything but rather than we should work toward such a world.

It is good for society if the costs of goods and services decrease over time to allow a given income/wealth level to live a better life over time.