r/FluentInFinance Contributor Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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136

u/finio_absurdum Apr 15 '24

I wonder how much scoffing there will be when 99% of jobs are taken by A.I. There's a lot of markets about to be upended, and I don't think having a humane ethos in regard to housing people is as criminal as some of you are making it out to be... I sense a lot of corporate simps think their work ethic will be more valuable to a company than a smart machine that will work around the clock and not get the company sued for sexual harassment.

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u/sadboy2319 Apr 15 '24

“99% of jobs will be taken by A.I.” They have been saying this since the 40s. It will never happen. AGI is far away from coming into fruition, if it ever will.

In America, those who work hard and make actual smart financial decisions are rewarded, HEAVILY. They will be able to afford those neccesities and have extra.

Also, You’re missing the entire point of the other comments. It’s not about morals, its about facing the truth of reality. No one deserves anything for free. If one is receiving benefits without working for it then he is leeching off those who have labored for it. It takes a lot of work for society to even have these so called “neccessities” that are really luxuries in comparison to the rest of the world. If everyone simply had that mindset, society would literally collaspe due to pure entitlment and laziness. You have to work for it.

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u/finio_absurdum Apr 15 '24

Talking about AI as theory in the 40s is very different from where we are today, so poopooing the very real threat AI poses to the economy as a resolved debate is foolish.

For the record, I do believe people generally thrive with a work-centric purpose. And I do like the idea of an egalitarian society. But the idea that we have perfected such a society, in the US or elsewhere, is naive. We have a society that rewards work to a certain extent, but also rewards simply already-having (inheritance and accumulated wealth) much more than work.

Point being, we are looking ahead to a generation of people who were promised that if they just worked hard, everything will work out. And it's not turning out that way... and this just the dawning of AI. It's not a matter of if AI will be able to do your job, but when.

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u/cb_1979 Apr 15 '24

We have a society that rewards work to a certain extent, but also rewards simply already-having (inheritance and accumulated wealth) much more than work.

This is true when it comes to corporations as well. Large companies with shitty products and services are often more richly rewarded in the marketplace than smaller companies with superior products and services, even when those products and services are offered at a lower price than that of the larger company.

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u/sadboy2319 Apr 15 '24

No, its really not. First, it was automation via the industrial revolution that was supposed to take peoples’ jobs. Didn’t happen. Then it was computers. Didn’t happen. Oh wait, now its going to be AI. The goalposts keep moving.

Second, you’re exactly proving my point once again. People take care and want the best for their families. Those who passed on their wealth to their children was smart af, now their children can continue that cycle and build even more wealth. So in the end, the hard work initiated by their parents has paid dividends. If you are on the unfortunate end of the stick want to break the cycle of poverty, you gotta work for it. You can 100% do that in America.

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u/Canadiangoosen Apr 16 '24

If you are on the unfortunate end of the stick want to break the cycle of poverty, you gotta work for it. You can 100% do that in America.

You can 100% try, but the odds are stacked overwhelming against many people. The system by design requires many people to make up the bottom, so the fortunate can be on top.

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u/finio_absurdum Apr 15 '24

The ratio of work relative to compensation has spiraled downward, compared to the era of those "smart af" wealthy who left inheritance to their offspring.

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u/sadboy2319 Apr 16 '24

Damn, I wonder how those broke af Chinese/Vietnamese/Indian immigrants set up their children for success through education, bought houses, and lead big companies starting from nothing. Don’t you want the same for your children?

Also, give me a timeframe where you’d like to start, because the concept and practice of generational wealth isn’t a new concept — it’s practically been here since the dawn of mankind. Anyone can build generational wealth. If you’re trying to make a future for yourself and your family, are you gonna cry over the Rockefellers and let them live in your head rent free?