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🗓️ 5 August 2025
⏱️ 9 minutes
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0:00.0 | I'm going to talk about the artificial intelligence conversation. We've been drilling this. I've been hammering it. When you were away, I had Alex Newman on. We talked about this. And artificial intelligence is interesting because it was thrown into our lap after COVID. Looking at COVID as a template, we, you know, a lot of people lost their jobs. It hurt the economy and it isolated us. And we come out of COVID and all of a sudden, artificial intelligence is just thrown at us. It's a foregone conclusion. |
0:02.0 | And just like COVID, isolated us and we come out of COVID and all of a sudden artificial intelligence is just thrown at us. |
0:21.7 | It's here. It's a foregone conclusion. And just like COVID, they had this idea of an MRI technology. |
0:26.9 | Before COVID, people in the medical community were saying, this is kind of risky to go on a population |
0:32.1 | level. Maybe we should just do this in small sections. But when COVID happened, obviously we |
0:35.8 | vaccinated the world. Well, another idea is happening. What I'm seeing with artificial intelligence, people are saying |
0:42.3 | it's here. Let's try this idea because what's happening is they're saying everyone's going to lose their job. |
0:48.3 | There's going to be no jobs. People are going to have all this free time. What do we do with them? |
0:51.3 | Let's try universal basic income. This is an idea that's been around for centuries and no one's really tried it on a widespread basis, but now it's coming out of the mouth of what seems like everybody. Take a listen. All right. There's a lot of people that feel completely disenfranchised by the system that's currently in place now that I think is going to be upended by AI. |
1:11.5 | What to do about mass unemployment? This is going to be a massive social challenge. |
1:16.6 | There will be fewer and fewer jobs that a robot cannot do better. |
1:19.6 | I'm very worried about AI taking over lots of mundane jobs and that should be a good thing. |
1:28.3 | It's going to lead to a big increase in productivity, which leads to a big increase in wealth. |
1:33.3 | And if that wealth was equally distributed, that would be great. |
1:36.3 | I think ultimately we will have to have some kind of universal basic income. |
1:40.3 | I don't think we're going to have a choice. |
1:42.3 | A paycheck every month, even if you do not have a job, it is called universal basic income. I don't think we're going to have a choice. A paycheck every month, even if you do not have a job, it is called universal basic income. |
1:49.0 | What if you are paid an income each month without having to lift a finger? |
1:53.0 | We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas. |
1:59.0 | I think a basic minimum earnings for everybody so that there's nobody that is having to sleep on the street. |
2:06.1 | Guarantee basic income or universal basic income. |
2:08.6 | A hundred percent thing that's really important. |
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