I hope Elon Musk is not right:
That is going to suck, isn't it??
Seriously.
I will need to work hard again???
Say it isn't so!
What I like about Elon Musk is that while he is calculating in his delivery, he doesn't seem to care what the outcome is. I guess that is the benefit of being the world's richest person. It is also consistent with what I have heard is his position, that we may indeed be living in a simulation.
Forget all the technical side of the simulation theory and instead focus on the behavioral. If you act as if this is all just a game, then outcome of action and all the accoutrements like money, status, reputation and death, are non-events - they are just markers of progress, scores and levels along the code of the matrix. But, there is no respawns available -
well, maybe there is digital reincarnation.
But, Musk is wrong about one thing at least - it hasn't been raining money on fools, it has been trickling onto fools - but absolutely bucketing down on those who control the flow. While the world's poorest have gone significantly poorer and the middle class has been held steady, the richest have been raking it in hand over hand. They no longer have deep pockets, they have dump trucks for pockets.
But, rather than keep that cash, they know that it just isn't worth the paper it is printed on and have been steadily converting it into ownership. However, because of all the prices going up because of their money printing activity, they need it to go back down again so they can buy the low. And, the people they are buying the dip from, are going to be the people they extracted the wealth from earlier, by printing money and creating future debt obligation for tax payers, which they are not.
Want to hear something interesting though?
From the US in 2019:
In 2019, taxpayers filed 148.3 million tax returns, reported earning nearly $11.9 trillion in adjusted gross income, and paid $1.6 trillion in individual income taxes
The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.
The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent)
It isn't that the individuals like Musk don't pay enough, it is that they are able to pay so much, because with this small fragment of society, they are dictating the economic course of the government, so influencing their own conditions. Poor distribution does matter in a society with centralized governments, because it becomes self-fulfilling to centralize further.
Their incentive isn't to make our lives better, it is to stay in control of the government, with both sides in the US are the same. They distribute the bare minimum to appease the people so they don't revolt and tailor conditions to maintain and extend control in the upper reaches of the economy. And, because every nation has essentially developed a captured population, there is very little anyone can do.
They have run their simulations for years - and they are winning.
But, simulation or not, the future is never set in stone and we can "unplug" at anytime, if we choose. We don't actually have to play the game as designed and we can create our own or, hack theirs. I think we are in the hack phase at the moment, looking for exploits in the coding, but in so doing, we are starting to discover that we can code too.
Tax may be theft, but I think that the biggest heist is in the conditioning of the belief that we can do nothing about the economy, that we are powerless. At the "money" level, we are, but the only reason that any of the economy can function, the only way for billionaires to be made, is through that 90 percent that can't manage themselves for shit. It is our disorganization and unwillingness to collaborate that holds us back, not the governments - because they are just doing what they are coded to do and, we should know how to play the game by now.
But, we don't, so here we are, heading into another recession, hoping that someone will come along and save us from the misery of not being able to cover our living expenses, falling further into debt and having to work until the day we die, at a job that will kill us.
It might be raining money for some, but for most of us - the outlook is very, very dry.
Taraz
[ Gen1: Hive ]
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Well money definitely did not rain on us, but we did double our money, with the Steem - Hive fork!! Still can't get around how money just gets created!!
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Do you ever have a look at Steem?
It is a Steeming pile of....
Who knew Steem even still existed?
it is a cesspool.
Not gonna lie I post trash there every so often to get the steem basic income votes lol
When I have first heard of his simulation theory, I thought who has created the simulation, Aliens?
You forget one thing, religion. They also use it for this control.
I count religion as part of the economy - they are in it for the money too :)
Dear my friend @tarazkp , Religion may be a part of the economy, but at least it has an obligation to provide livelihoods to those who are unable to work economically.
That is not true - they have no such obligation and if history is anything to go by, they are never going to come to many people's aid.
Dear @tarazkp , I have had a lot of help from Christian charities.
By the way, what is that golden cathedral? Is it real gold?😲
https://www.atlasobscura.com/places/igreja-de-sao-francisco
Jesus prophesied that if Christianity was corrupted and corrupted, the most splendid temples would be destroyed.
Even churches covered with gold are destined to be destroyed. No one can escape the judgment of God.
The thing is... I was pretty sure the US was heading into recession way before the pandemic started... if anything the US Fed response to the pandemic delayed the recession that was already due.
I really resent Elon's 2nd sentence there... working remotely has been so much more efficient and we're all so much more productive... so many companies have done extremely well the last couple of years... my company absolutely has which was hugely surprising. If anything we've all been working much longer hours and multitasking like demons. We're currently in a hybrid model and it really has highlighted just how much more efficient remote working was.
It has been due for a long time and I think if you go through pre-pandemic posts here, you will find plenty talking about it :)
Yeah, I don't think that last sentence is well informed, but also, we might not know what his expectation of "hard work" is. He is probably a bit obsessive.
"Elon is bludy weel reit! Nae forest can bide healthy wi' aw' th' deid wuid blockin' oot sunlight an' crowdin' oot new growth. Git real muckers!" -Keptin
I think you are looking for @meesterboom ;D
"Yoo'd gart a braw sailur matie! Mony thenks." -Keptin
Aye man, it wid look that way. He hooch anaw!!
:D
Google Translate can not decipher any of the above...
Precisely. So I took a wild guess :D
Where is this rain because I need to be wet...
It's not easy getting to the top but when there definitely, it's a different ball game because you'd want to control the means which is what happens there.
Scratch my back I scratch your back, hope those at the bottom find a way to change the course of their lives.
Sounds easy but isn't it.
It definitely isn't easy to get to the top, but once there, it is very hard to fall.
Luckily I just gave my fruit trees some extra water ;^)
I should probably keep watering my money plants and trees too.
Definitely keep watering - those little drops can mount up :)
I hope this is not a pandemic again,the covid time is really not funny. Indoor for 8 month
Well, people who can't afford to leave the house are going to be very bored.
Life's a game but we stick to what we know — the rigged part. The pre-made walk-through. Fear of failure. That's what our social and educational system are promoting and drilling into you.
How does paying a 20-year debt for a few years of college education and a piece of paper to add to your pointless CV even makes sense?
Marketing. You absolutely don't need it.
Still glad I was there for the fun of it but then again, college education was dirt cheap for me. It still is here but only relatively. To the crazy conditions of the Tamed Tamed West.
Currently, our government is initiating a plan for transitioning to Euro currency in 18 months. Nobody asked me. Mr. Euro might be quite sick while we even get there.
Yes - don't test the walls, follow the coding.
When Finland moved to the Euro, it pushed all prices up and then up again - but I think that overall, it has been "okay" -but this isn't my area and actually a few years before my time in Finland.
I just hope people discover what is coming and tighten up fast before they are not able to cover for expenses and enter debt and some people might even end up committing suicide. Hard work never fails and that the only things that saves during recession
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People rarely prepare and then when it does hit - they try to maintain their lifestyle.
Preparation serves every course for whatever happens seen or unforseen.
It’s definitely a time where the people who work hard and are dedicated can make good money if you find the right circumstances. People are getting so lazy and soft it’s awful. I’m hoping that will translate into us creating our own business to take advantage of it all. I’d like to capitalize on people and their desire to not do the things that are tedious.
One thing we do have that’s got some merit and potential are things like bitcoin before the CBDC’s take control. If we can manage to get a decent nest egg with that and places like hive we will be better than sadly most people in the world. I guess that’s whT happens when you’re in the right place at the right time. Thinking of Splinterlands, it could be the next world of Warcraft. Imagine esports tournaments hosted on HBO of Splinterlands? That would be epic lol
It could make some serious money for some people and that’s pretty awesome. I would pay someone to play my deck in a league like that if they are better than me!
I am always in two minds about whether I should get a third job or not :D
And with the will to do something about it. There is so much risk, but the biggest risk is psychological. This is why the simulation theory has merit - if it is just a game...
I am hoping that there is a whole world built around SL - it would be awesome. Spin off games built in a decentralized framework, where we can use our owned assets.
simulation theory has answers to many questions.
for example:
q: what was before our universe began?
a: what exists in computer memory before you press ON button?
I like the philosophical nature of questioning these theories - though I might not be the most intelligent to answer, it is still an exercise which helps stretch the brain and even change behavior.
It's very dry and I am not very happy with the way it is distributed. Then again, that is why the "tax the rich" went viral with people. I personally think it's how the government spends the money that is the issue.
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I agree - people focus on the wrong parts of the economy.
Yeah, they want you to believe we are powerless. Yet, if enough rose up... imagine what change we would bring. Agreed tax without true representation is very illegal. Yet, it is all legal if you can get by with it. Our fore -fathers are probably rolling in their graves. The illness of laziness has creeped in and folks are valuing time more than trading it hours for dollars. But most folks never learned to put away for a rainy day. They cannot see opportunity and investment potentials out there.
It is a "can't shoot us all" issue - but we think they can, because the prison is economic, not physical.
Elon Musk has no idea how the 3rd world population has survived the economic brutality of Covid-19. While Trump passed a trillion dollars bill to compensate US people, which I don't think they needed anyway, the world of poorer nations further dunked themselves into spiral of debt. Watch the example of Sir Lanka already gone defaulter and people are on the roads.
It is the capitalism trap, rich gets richer and poor get poorer.
People do cling desperately to "nothing we can do" though.