this post was submitted on 10 Jul 2024
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Hurling ordure at the TREACLES, especially those closely related to LessWrong.
AI-Industrial-Complex grift is fine as long as it sufficiently relates to the AI doom from the TREACLES. (Though TechTakes may be more suitable.)
This is sneer club, not debate club. Unless it's amusing debate.
[Especially don't debate the race scientists, if any sneak in - we ban and delete them as unsuitable for the server.]
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It is our duty as poors to assist our betters in this endeavour to the best of our ability and get absolutely as many billionaires as possible (a) freezing their heads (b) locking up their wealth so tightly that nobody else can access it
Even if no one can use the wealth, wouldn't it be placed in some kind of trust in order to keep accruing wealth rather than be decimated by inflation?
And then, as the frozen rich wouldn't use any of their wealth, it would just keep accruing wealth. They would be perfect, frozen, capitalists. The control of that wealth would give power, and controllers of the trusts can gain even wealth and thus power more by coordinating. The power would only keep growing as more rich freeze themselves to keep up with and join the growing trust of trusts.
Living in a society where the frozen owners would own all the means of production, these frozen owners would naturally be hailed as sleeping kings in order to motivate me system. They may even be seen as something godlike.
Then one day, if one wakes up, it would cause immediate power struggles, as well as give a flash point for the discontent of the billions of impoverished serfs slaving away for the controllers. But the controllers would mobilise violence, and....
Oh, HG Wells already wrote this story. Typical!
I wonder if anyone has worked out an economic model that treats this kind of lockup as though the money had been just literally lit on fire. Be interesting to see what that does to the money supply and whether it could help discredit the monetarist position on inflation.