Julius Hillebrand
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highlights — 29
egislation that transitions us gradually to the 2.5% rates.
Moore's Law for Everythingwe couldn’t let people borrow against, sell, or otherwise pledge their future Fund distributions, or we won’t really solve the problem of fairly distributing wealth over time
Moore's Law for Everythingtax on companies must be much smaller than their average growth rate.
Moore's Law for Everythinga decade from now each of the 250 million adults in America would get about $13,500 every year
Moore's Law for EverythingIt’s a reasonable assumption that such a tax causes a drop in value of land and corporate assets of 15% (which only will take a few years to recover!).
Moore's Law for Everythingif we increase the tax burden on holding land, its value will diminish relative to other investment assets, which is a good thing for society because it makes a fundamental resource more accessible and encourages investment instead of speculation
Moore's Law for Everythingas the world really starts to understand the shifts AI will cause, the value of land, as one of the few truly finite assets, should increase at a faster rate.
Moore's Law for EverythingSimply put, more good means optimizing for making the pie as large as possible, and less bad means dividing the pie up as fairly as possible
Moore's Law for Everythingthe landowner didn’t do all that work, it’s fair for that value to be shared with the larger society that did.
Moore's Law for Everythingvalue of land appreciates because of the work society does around it:
Moore's Law for EverythingAll citizens over 18 would get an annual distribution, in dollars and company shares, into their accounts
Moore's Law for Everythingaxing companies above a certain valuation 2.5% of their market value each year, payable in shares transferred to the fund, and by taxing 2.5% of the value of all privately-held land, payable in dollars.
Moore's Law for Everythingthere will be dramatically more wealth to go around. The two dominant sources of wealth will be 1) companies, particularly ones that make use of AI, and 2) land, which has a fixed supply
Moore's Law for Everythingtaxing capital rather than labor,
Moore's Law for EverythingWhile people will still have jobs, many of those jobs won’t be ones that create a lot of economic value in the way we think of value today. As AI produces most of the world’s basic goods and services, people will be freed up to spend more time with people they care about, care for people, appreciate art and nature, or work toward social good
Moore's Law for EverythingCapitalism is a powerful engine of economic growth because it rewards people for investing in assets that generate value over time, which is an effective incentive system for creating and distributing technological gains. But the price of progress in capitalism is inequality.
Moore's Law for EverythingEconomic inclusivity means everyone having a reasonable opportunity to get the resources they need to live the life they want
Moore's Law for Everythingstable economic system requires two components: growth and inclusivity.
Moore's Law for EverythingImagine a world where, for decades, everything–housing, education, food, clothing, etc.–became half as expensive every two years
Moore's Law for EverythingAI will lower the cost of goods and services, because labor is the driving cost at many levels of the supply chain
Moore's Law for Everythingother costs have risen significantly, most notably those for housing, healthcare, and higher education
Moore's Law for Everythingbest way to increase societal wealth is to decrease the cost of goods, from food to video games
Moore's Law for EverythingWealth is buying power: how much we can get with the resources we have
Moore's Law for Everythingtechnological progress we make in the next 100 years will be far larger than all we’ve made since we first controlled fire and invented the wheel
Moore's Law for EverythingAI revolution. This revolution will generate enough wealth for everyone to have what they need, if we as a society manage it responsibly.
Moore's Law for Everythingtaxes the assets that will make up most of the value
Moore's Law for EverythingAI assistance leads to substantial improvements in problem resolution and customer satisfaction for newer- and less-skilled workers, but does not help the highest-skilled or most-experienced workers on these measures. Analyzing the text of agent conversations, we find suggestive evidence that AI recommendations lead low-skill workers to communicate more like high-skill workers
w31161.pdfwe find that access to AI-generated recommendations increases worker productivity, improves customer sentiment, and is associated with reductions in employee turnove
w31161.pdfhe’s created this immense vertical filing cabinet in his brain of layers and layers and layers of files of information that he can draw back on now for more than 70 years worth of data.
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