Showing posts with label Elon Musk. Show all posts

Sunday, June 21, 2026

"It more than a little ironic that these experts at tax avoidance are at the helm of a technological revolution that could drive inequality to new, unprecedented heights." Eduardo Porter in The Guardian

Condemned to plutocracy? The relentless rise of US inequality

Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?

People protest against the SpaceX IPO in New York. Photograph: Sarah Yenesel/EPA

As Barack Obama’s presidency was coming to a close, Jason Furman, then chairman of the president’s council of economic advisers, laid out the strides his administration had made to curb the nation’s exorbitant income inequality in “the largest investments in reducing inequality since the Great Society”.

Indeed, by the end of 2016, taxes and transfers cut the share of income accruing to the richest 1% of households by just over a fifth, according to estimates from the congressional budget office (CBO), more than under any government since at least Jimmy Carter’s. They raised the slice of income going to the poorest fifth from 3.9% to 7.9%, the highest share since at least 1979.

Those were the days.

As Elon Musk is anointed the world’s first trillionaire, following the public offering of shares of his internet to AI conglomerate SpaceX, that moment, just 10 years ago, when the government bragged about its efforts to curb America’s lopsided distribution of prosperity, might give us some hope that we are not condemned to plutocracy; social and political forces can stop inequality’s relentless rise.

Benjamin Franklin liked to talk of America’s “happy mediocrity” – a country with “few … so miserable as the poor of Europe … few that in Europe would be called rich”. And yet, America’s history of combating inequality is rather grim. Obama’s track record as the United States’s most committed equalizer in over half a century underscores the ultimate lack of interest of the nation’s political coalitions in bringing about a more equitable distribution of the fruits of prosperity.

Supposedly a populist champion of the working stiff, Donald Trump’s priorities quickly turned elsewhere. His Tax Cuts and Jobs Act of 2017 offered massive tax cuts to Americans in the upper percentiles of income... READ MORE https://www.theguardian.com/us-news/2026/jun/21/us-inequality-plutocracy

[AS ALWAYS PLEASE GO TO THE LINK TO READ GOOD ARTICLES (or quotes or watch videos) IN FULL: HELP SHAPE ALGORITHMS (and conversations) THAT EMPOWER DECENCY, DIGNITY, JUSTICE & PEACE... and hopefully Palestine]

Tuesday, June 2, 2026

"Tech billionaires are plowing hundreds of millions into political campaigns, to fend off attempts at regulation and evade accountability lest their endeavors go awry. They want to make sure nobody butts in as they work to reshape society. And they are largely succeeding – for now, no one with the power to stop them is butting in."

Our tech overlords are planning for conscious AI to conquer the cosmos. What could go wrong?

A new belief set is uniting some of the wealthiest men in the world around a ‘transhuman’ future – actual humanity be damned

Sam Altman, the chief executive of OpenAI, took to the Internet a few years ago to propose that homo sapiens would be the first species “to design our own descendants”. In his best case scenario, the “merge” between humans and artificial intelligence occurs at some point over the next 50 years. The alternative, where we remain simply human and the machines follow their own path, is more ominous. “If two different species both want the same thing and only one can have it – in this case, to be the dominant species on the planet and beyond – they are going to have conflict,” he wrote.

More recently, Elon Musk, the world’s richest man, who at one point last year was granted the power to reconfigure the US federal government, argued on his social media platform, X, that “it increasingly appears that humanity is a biological bootloader for digital superintelligence” – our role in the history of the cosmos reduced to that of the low level code that boots up a computer before you can run sophisticated programs on it.

And Musk is on the tame side of the evolutionary proposition. According to Silicon Valley lore, he once pushed back against Google co-founder Larry Page’s claim that our next manifestation, to follow in the steps of the meat-and-bone humans you see walking about today, would necessarily have digital form in order to spread throughout the galaxy. (In fact, he recently testified in court that it was those concerns that prompted him to found OpenAI with Altman.) Meat and bones do not make for efficient interstellar travelers.

It would be a mistake to understand these weird worldviews as an ultimately harmless take by techies who grew up on a diet of dystopian science fiction. The notion that we are approaching the end of the homo sapiens, as defined since Darwin’s day, is coalescing into a durable body of belief among the elites at the helm of our technological future.

Their dreams are not all perfectly aligned. But like the folk stories and superstitions that have for ever revolved around more established religious traditions, the collection of far-fetched scenarios valley oligarchs are writing into our future exhibits the hallmarks of a religion in the making, a body of belief to confer a sense of cosmic transcendence and inevitability to their hi-tech project.... READ MORE https://www.theguardian.com/us-news/ng-interactive/2026/may/31/transhuman-silicon-valley-ai

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