Comment No, it's UBI (Score 0) 71
So in other words, they want to offload their failing businesses onto the US Taxpayers.
That's not really the point.
The point is the upcoming revolution in autonomous labor, which will turn our current financial system upside down.
For reference, you might want to check out Manna, by Marshall Brain (his actual name). It's an easy read, it's short, and it outlines the impact that robot labor will have on our current model of capitalism.
It's no secret that ChatGPT is useful, and a force multiplier for productive output. If that type of breakthrough can be achieved with physical processing, then much of the labor force can be replaced by robots.
The current economic structure assumes infinite consumption, that there will always be more people (rising population), and that they will always want more things. We've found out that the first part isn't true, and it seems that the second part isn't true either: once you have "enough" stuff to have a comfortable life, many people stop consuming and turn their efforts to other things. People aged 45 to 55 spend the most money (per household), but once they have accrued a level of comfort they stop and enjoy life.
If robots can do manual labor, then that will put most people out of a job. A robot factory 20 miles on a side out in the southwest US (a thought problem for discussion) could supply the material wealth of the entire nation, but only require 100,000 human workers for management, direction, and maintenance. That figure, 100,000, is negligible compared to our current population.
How do we support the remaining 300 million population?
One way is to create an AI soverign wealth fund. Some portion of the factory output is given to the population in the form of factory currency. Each month every person would get, say, $1000 of factory currency to spend, with online ordering, and the items would be delivered.
To the article's point, we know with certainty that our current economic system will transition into the factory robot model. The problem facing economists is how to transition us into that model without going through a catastrophic financial failure.
An AI soverign wealth fund could be the first step towards making that transition.