South Korea floats ‘citizen dividend’ using AI profits
Posted by self-fix2@reddit | hardware | View on Reddit | 22 comments
Posted by self-fix2@reddit | hardware | View on Reddit | 22 comments
Ok-Incident999@reddit
We have to agree to fact that, AI profits are coming at the expense of other professions and sectors. It's only fair to share AI dividend with the rest of the country.
Unlikely-Today-3501@reddit
Or you can share your own dividend?
Ok-Incident999@reddit
Ofcourse, as someone pointed below, any windfall should be taxed heavily and redistributed.
Farfolomew@reddit
Wouldn't it be epic if South Korea was one of the first western countries to implement four-day work weeks? Keep the citizen dividend and instead pay the companies to pay their employees to not work on Fridays.
Testuser7ignore@reddit
Unlikely, South Korea has one of the highest average working hours in the world.
ThePandaRider@reddit
If they want a citizen's dividend they should have bought shares on the open market.
DeHub94@reddit
Would probably be better to put it in a sovereign wealth fund and use the dividends of that like Norway does it. This way future generations will also profit instead of a short term boom.
DateMasamusubi@reddit
I like the idea of using this boom cycle to fund startups and regional development.
Y0tsuya@reddit
This exacerbates the boom-bust cycle unless they time it so the funding is released after the bust. But SK has a lot of very smart bureaucrats running things so they'll have a handle on it, right?
Vb_33@reddit
This reads like sarcasm
zdy132@reddit
Pretty sure it is. I doubt anyone in any country would consider their bureaucrats smart, or competent.
ML7777777@reddit
Snarkyness aside, they are doing things much better than, lets say their neighbor, Japan, who basically self imploded their tech sector.
Netblock@reddit
From each according to his ability, to each according to his needs.
TK3600@reddit
BUT THATS COMMUNISM
Farfolomew@reddit
Yes, but it's a more natural version of it. Trickle-down so to speak. Everything has to be balanced. You can't have a handful of mega-million/billionaires and everyone else poor, or the whole world would grind to a halt. Somehow the wealth has to be distributed.
TK3600@reddit
It does not take Marx to state something everyone understood 2 millennium ago. It just take someone not blinded by ideological fear.
asssuber@reddit
The majority of outlier earnings, like this one, can be attributed to luck, not ability. A billionaire isn't 1000x more capable or talented than a millionaire.
This is similar to sovereignty funds created on petroleum gains by goverments that think on the future.
Netblock@reddit
If implemented, the wealth generated from the increased productivity is no longer exclusive to the capitalist owner, but is now partially socially distributed. Tax the rich to fund the welfare of the proletariat.
siazdghw@reddit
Or people could just invest in semiconductor and AI companies and get a larger share of the returns.
I don't really agree with giving a dividend to everyone, especially when there are people actively pushing back against it, why should they get a check when they are trying to hinder the companies actually making the money?
Loose_Skill6641@reddit
first you need to make ai profitsnlmaon
DerpSenpai@reddit
With the money they will be taxing Samsung, SK Hynix and it's employees, the country will be loaded.
They will get 50% of each bonus if it's live money lmao
pcgameshardware@reddit
but a citizen dividend is easier to communicate politically, I guess. The interesting question is whether this would be a one-off payout or something closer to a long-term fund....
- Jacky