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Robotics

Discussion in 'General Chat' started by Gringotts Bank, May 12, 2018.

  1. Gringotts Bank

    Gringotts Bank

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    Yesterday's news from Boston Dynamics, one of the world leaders in robotics/AI.

     
    Last edited: May 12, 2018
  2. SirRumpole

    SirRumpole

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    When they build one that looks like Marilyn Monroe I'll get interested. :D
     
  3. moXJO

    moXJO menace to society

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  4. bellenuit

    bellenuit

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    Yeah, but will the robot be interested?
     
  5. SirRumpole

    SirRumpole

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    I've done some programming in my time, she (it) will be a pushover. :devilish:
     
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  6. cynic

    cynic

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    That's what they all say!
     
  7. bellenuit

    bellenuit

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    If you interfere with her capacity to choose, would that be date rape?
     
  8. SirRumpole

    SirRumpole

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    Possibly, but I'll erase that bit from her memory banks.
     
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  9. Tisme

    Tisme Apathetic at Best

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    The updraft from the subway street grate might prevent that happening.
     
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  10. SirRumpole

    SirRumpole

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  11. SirRumpole

    SirRumpole

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    Tisme likes this.
  12. Gringotts Bank

    Gringotts Bank

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    Tisme likes this.
  13. fiftyeight

    fiftyeight

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    Job Vacancy: Full Time Data Generator

    Put your your skills as an efficient Picker to work and take the next step to unemployment. You can now be a Data Generator for the robot who will replace you

     
  14. Value Collector

    Value Collector

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    Farming has been introducing tech that saves labour for hundreds of years, But these modern robotics firms are targeting markets that so far tech has had minimal impact, and they are not just promising to save labour, But also Fertiliser, Herbicides and pesticides.

    I can't see how the mum and pop farms will compete with the large farming corporations in the future.

    We will see more and more stories about coles and woolies not giving farmers a fair price, and the small end of town having to sell or go bankrupt, while the large end of town produces more and more crops and at lower cost.

     
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  15. SirRumpole

    SirRumpole

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    No doubt that will happen, large agri-businesses have been taking over small farms for years. As long as the tax regime moves from taxing labour to taxing capital we should be able to manage the change.
     
  16. Value Collector

    Value Collector

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    Tax regimes tax profits, not labour or capital.

    Yes, as I said labour has been steadily stripped out of farming for over 100's, without that process we wouldn't have the economy we have today, They only reason we can have so many people employed out side of agriculture in the 1000's and 1000's of other jobs that make our economy productive is because now 1 farmer can feed 1000 people, where as 200 years ago 1 farmer could only feed 4 people.
     
  17. SirRumpole

    SirRumpole

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    You have heard of income tax ? That taxes labour.

    With people who pay income tax replaced by machines that don't pay tax, and people who spend money being replaced by machines who don't spend money, it's pretty obvious that the tax system has to change otherwise there will be no government services and no consumer spending.
     
  18. Value Collector

    Value Collector

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    Income tax is a tax a person’s income whether that income is produced from labour or capital.

    The dividends you earn get added to your taxable “income” and you pay income tax on it, it is not limited to earnings from labour.

    Any money saved by using machines, will flow to the machines owner, and increase their taxable income, or it will flow to lower prices, and reduce the cost of living. (History shows it generally does a bit of both)

    The main thing is that the total amount of goods and serivices produced will rise, and a portion of that production needs to be taxed and distributed, we don’t need a special “robot tax” though, the current system would be fine, it may just need to be tweaked here and there.

    As long as enough of the production stays with those making the investments, to make investing worth while, the system will grow and become more and more productive.
     
  19. Value Collector

    Value Collector

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    Also, farms becoming larger, more capital intensive and run by corporations is actually more beneficial to society as a whole, because it allows a wider range of people to invest in farming.

    Without the large agricultural corporations, the only way to invest in agriculture is to either inherit a large family property, or take on large bank loans.

    But the average worker can start investing in a listed agricultural company for as little as $500, and slowly transition from earning 100% of their income from labour to eventually earning it from capital.

    Take costa group as an example, here is one of their farms, anyone can buy shares for as little as $500.



    Costa's orange sorting is all automated.

     
  20. SirRumpole

    SirRumpole

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    The "average" worker's budget is already stretched.

    Wage stagnation, increased costs of living, high household debt, the money is just not there for investment.
     

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