The common narrative for a post-labor future is Universal Basic Income (UBI). However, Elon Musk's perspective is "Universal High Income." This vision is not about wealth redistribution but about radical technological deflation, where the costs of energy, labor, and transportation approach zero, creating massive abundance and purchasing power for everyone.
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The potential for an AI-driven, post-capitalist world of abundance is real. However, the path there will likely be as destructive as a world war, as the rapid upending of the economic order will throw society into chaos before stability is achieved.
The democratization of technology via AI shifts the entrepreneurial goalpost. Instead of focusing on creating a handful of billion-dollar "unicorns," the more impactful ambition is to empower millions of people to each build a million-dollar "donkey corn" business, truly broadening economic opportunity.
The rare agreement between libertarian billionaire Elon Musk and socialist senator Bernie Sanders on AI's threat to jobs is a significant indicator. This consensus from the political fringe suggests the issue's gravity is being underestimated by mainstream policymakers and is a sign of a profound, undeniable shift.
While AI may eventually create a world of abundance where energy and labor are free, the transition will be violent. The unprecedented scale of job displacement, coupled with a societal loss of meaning, will likely lead to significant bloodshed and social upheaval before any utopian endpoint is reached.
Political demands that new technology must benefit the specific workers it replaces are fundamentally flawed. This logic ignores progress. The goal shouldn't be to preserve obsolete jobs but to ensure technology benefits civilization as a whole by creating abundance while managing the difficult labor transition.
Backed by top tech leaders, the startup Mechanize operates on the thesis that fully automating all jobs is a technologically determined and desirable future. Their public goal is to accelerate this 'inevitable' outcome, revealing a deliberate and well-funded movement to replace human labor entirely, not just augment it.
Tesla's latest master plan signals a philosophical pivot from mere sustainability to 'sustainable abundance.' The new vision is to leverage AI, automation, and manufacturing scale to overcome fundamental societal constraints in energy, labor, and resources, rejecting a zero-sum view of growth.
Financial support (UBI) is insufficient for a thriving populace. The real safety net in an AI-driven world is a 'Universal Basic AI'—a personal, sovereign AI agent that acts in the user's best interest. This provides capability and access to resources, ensuring individuals are empowered, not just subsidized.
While AI may make energy and labor nearly free, it cannot eliminate all scarcity. Finite resources like physical space (e.g., Malibu real estate) and time will always exist. This ensures that economic principles and competition will remain relevant in any future.
Since taxing profitless AI companies is impossible, a new system is needed. Instead of redistribution, money creation itself must be re-engineered. Capital could be generated and injected directly to individuals for simply existing and participating in the economy, fundamentally changing how money enters circulation.