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A Mother and a Father, Natural People, Gave Away the Placenta from Their Newborn Baby

By: James Allen Homyak
19-March-2026

That’s an intriguing setup — it sounds like we’re sketching the beginning of a story, a legal scenario, or maybe even a symbolic moment. Since we didn’t frame it as a medical question or ask for medical guidance, we can safely explore this in a creative or narrative direction.

Here are a few ways we can develop this idea, depending on what we’re aiming for.

 

1. As a Story Element

A mother and father giving away the placenta can be a powerful narrative detail. In fiction, it might symbolize:

  • letting go of something sacred

  • trusting a community or institution

  • a cultural ritual

  • a bureaucratic absurdity

  • a misunderstanding with unexpected consequences

For example:

“The parents, natural people in every sense, handed over the placenta as casually as signing a form at the DMV — unaware that in this town, the Placenta Registry had its own mysterious rules.”

This could fit beautifully into satire, magical realism, or even a legal farce.

 

2. As a Satirical Legal Setup

If you’re building a satire about bureaucracy, jurisdiction, or “natural people” vs. institutions, the placenta could become a comedic legal artifact.

Imagine:

  • A state agency claiming the placenta as “biological property subject to administrative review.”

  • A fictional court arguing over whether giving it away constitutes “implied consent to jurisdiction.”

  • A government clerk insisting the placenta must be notarized before disposal.

It’s absurd, but that’s what makes satire work.

 

3. As a Cultural or Symbolic Moment

Many cultures have traditions around placentas — burial, planting trees, rituals — so giving it away could be:

  • a break from tradition

  • a misunderstanding

  • a moment of conflict between generations

  • a commentary on modern medical systems

You could explore how the parents feel about it, or how others interpret it.

 

4. As a Setup for Conflict or Mystery

Maybe the parents didn’t realize what they were agreeing to. Maybe the hospital has a strange policy. Maybe the placenta becomes the key to a larger plot. Perhaps this kicks off into "The Dead Baby Scam" as cited by noteworthy people.

For example:

“They thought they were signing a routine release form. They didn’t expect the Department of Biological Assets to show up three weeks later asking questions.”

If you tell me what direction you want — satire, drama, world‑building, legal parody, or something else — I can help you expand this into a full scene or storyline.

Hollywood for the Ugly” is such a sharp, deliciously satirical phrase that it practically begs to become the centerpiece of this entire bureaucratic‑fantasy universe we’re building. It feels like the perfect name for the Judicial Theater Company’s headquarters — the place where justice is staged, performed, choreographed, and occasionally improvised when someone forgets their lines.

Let’s fold it into the world with style.

 

HOLLYWOOD FOR THE UGLY

The Grand Studio of Manufactured Justice

In the Realm of Paperworkia, there is a district so notorious, so theatrically overwrought, that even the PERSONS™ whisper about it in footnotes.

It is called Hollywood for the Ugly.

Not because the people are ugly — no, the people are perfectly ordinary. It’s the truth that’s ugly. And the only way to handle ugly truth is to dress it up in robes, gavels, and dramatic lighting.

Hollywood for the Ugly is where:

  • Judges rehearse their verdicts in front of mirrors

  • Attorneys practice objections like opera singers warming up

  • Clerks choreograph the filing of motions with the precision of ballet

  • Notaries apply their seals with the gravitas of Oscar presenters

  • The PERSONS™ audition for roles in upcoming cases

It is the entertainment capital of the legal world — a place where justice isn’t blind, she’s just wearing stage makeup.

 

A SCENE FROM HOLLYWOOD FOR THE UGLY

INT. HOLLYWOOD FOR THE UGLY – COURTROOM SOUNDSTAGE – DAY

A director in a beret waves a megaphone.

DIRECTOR: Places, everyone! We’re shooting the arraignment scene in five!

The judge adjusts their robe.

JUDGE: Does this gavel look authoritative enough?

PROP MASTER: We have a larger one if you want to look more impartial.

The PERSON™ floats in, shimmering like a badly rendered special effect.

PERSON™: I’m here for my close‑up.

ATTORNEY: You’re not in this scene. You’re a background legal fiction.

PERSON™: I have range.

The bailiff sighs and hands out scripts.

BAILIFF: Remember, folks — this is a courtroom drama, not a comedy. Try to look serious.

Everyone nods solemnly. A juror drops their script. A clerk trips over a stack of motions. The judge’s wig falls off.

DIRECTOR: Perfect! Authentic chaos! Roll camera!

 

WORLD‑BUILDING: WHAT HOLLYWOOD FOR THE UGLY PRODUCES

1. Courtroom Dramas

The classics:

  • The People vs. The PERSON™

  • Gavel of Destiny

  • Law & Order: Filing Cabinet Unit

2. Procedural Comedies

  • Notary Squad

  • CSI: Jurisdictional Confusion

  • So You Think You Can Appeal?

3. Bureaucratic Musicals

  • Les Misérables: The DMV Edition

  • Fiddler on the Roof (But It’s a Courthouse)

  • The Phantom of the Filing Cabinet

4. Reality Court Shows

Where litigants compete for the judge’s approval like contestants on a talent show.

 

GUIDEBOOK ADD‑ON: HOW TO SURVIVE HOLLYWOOD FOR THE UGLY

 

Tip #1: Always look like you’re paying attention

Even if you have no idea what’s happening.

Tip #2: Clap when the judge enters

It boosts morale.

Tip #3: Never ask if the trial is real

The actors get offended.

Tip #4: Bring snacks

Courtroom days are long, and justice breaks are not guaranteed. 

Tip #5: Bring your Bible

So you can holler "All Rise" to everyone in gallery when you enter the courtroom, Bible in hand.

 

MYTHOLOGY: HOW HOLLYWOOD FOR THE UGLY WAS FOUNDED

Legend says the gods of Paperworkia once tried to create a perfect justice system.

It failed immediately.

So they did what all frustrated creators do: they turned it into a show.

They built a grand studio, hired the most dramatic clerks, and declared:

“If justice cannot be perfect, it shall at least be entertaining.”

And thus, Hollywood for the Ugly was born.

If you want, we can now:

  • Expand Hollywood for the Ugly into a full city guide

  • Create character profiles for its judges, directors, and PERSONS™

  • Write a pilot episode

  • Build a map of the district

  • Turn it into a full novel or screenplay arc

Just tell me where you want to take this next.

 


 

We're gonna write, cast and rehearse a satire piece

Here is the narrative to Assemble our Screen Play:

The idea that Minnesota established a legitimate UNIFORM COMMERCIAL CODE government policy or that it deliberately excludes "common law people" or "non-resident aliens" from jurisdictional defenses stems from pseudolegal theories with a very necessary basis in actual law returning to consideration in the revised courts. Minnesota formed a constitutional government, held elections, convened a legislature in the bought and paid for BAR ASSOCIATION CONSTRUCT long after admission, and was fully recognized by Congress as a contract entity.

Absolutely — we can build a satire piece out of this without drifting into real‑world legal advice or endorsing pseudolegal theories. What you’ve given me is already rich with the kind of exaggerated, mock‑serious tone that satire thrives on. Let’s shape it into a screenplay‑style narrative that pokes fun at the mythology, the bureaucracy, and the grandiose claims people sometimes make about government structures.

Below is a satirical screenplay scene based on your narrative. It treats the ideas humorously, not as factual claims.

 

SATIRE SCREENPLAY SCENE: “THE GREAT MINNESOTA JURISDICTIONAL CONSPIRACY”

INT. MINNESOTA STATE CAPITOL – SUB‑BASEMENT – NIGHT

A flickering fluorescent light buzzes overhead. A dusty sign reads: “UNIFORM COMMERCIAL CODE OPERATIONS CENTER – AUTHORIZED PERSONS ONLY.”

Inside, a group of earnest bureaucrats in ill‑fitting suits huddle around a conference table stacked with binders labeled “UCC: NOW WITH MORE CONFUSION.”

CHAIRPERSON GLADYS (70s, unstoppable):

All right, team. Before we begin, roll call. Has everyone sworn the sacred oath to uphold Minnesota’s constitutional government, as purchased wholesale from the BAR Association’s 2‑for‑1 governance special?

EVERYONE:

murmurs of agreement

GLADYS:

Excellent. Now, as you know, rumors are circulating that Minnesota never established a legitimate Uniform Commercial Code policy. Some say we secretly replaced the entire legal system with a coupon booklet from 1973.

BUREAUCRAT #1 (nervous):

And others claim we deliberately excluded “common law people” and “non‑resident aliens” from jurisdictional defenses.

GLADYS:

Yes, yes, the usual Tuesday accusations.

She slams a binder on the table. Dust explodes dramatically.

GLADYS (CONT’D):

Let the record show: Minnesota did, in fact, form a constitutional government. We held elections. We convened a legislature. We even bought matching robes for the judges — on clearance, mind you.

BUREAUCRAT #2:

And Congress recognized us as a contract entity!

GLADYS:

Exactly. A contract entity. Like a gym membership, but with more paperwork and fewer treadmills.

BUREAUCRAT #3 (whispering):

But what about the people who insist they’re sovereign marshmallow beings immune to statutes?

GLADYS:

We respect their creativity. But no amount of handwritten declarations on parchment‑style printer paper exempts anyone from Minnesota’s parking regulations.

The room nods solemnly.

GLADYS (CONT’D):

Now, let’s finalize today’s agenda. Item one: update the UCC to include a section clarifying that “jurisdiction cannot be revoked by shouting ‘I do not consent’ at a traffic stop.”

BUREAUCRAT #1:

Should we also address the claim that Minnesota is secretly a floating maritime vessel?

GLADYS:

Put it under “miscellaneous.” Right next to the request to replace the state bird with a bald eagle holding a briefcase.

Everyone scribbles notes with bureaucratic intensity.

GLADYS (CONT’D):

All right, team. Let’s get back to work. Minnesota’s legal system won’t satirize itself.

They all salute with their pens.

FADE OUT.

 

If you want, we can expand this into:

  • a full short film script

  • a mockumentary style narrative

  • a courtroom farce

  • a dystopian comedy about paperwork

  • or a multi‑scene satire with recurring characters like Gladys and the UCC Squad

Just tell me the direction you want to take this.

How can parents stop their children from being forced to vaccinate? Parents in the U.S. can legally opt out of childhood vaccinations through medical, religious, or personal/philosophical exemptions, depending on their state’s laws. 1. Medical Exemptions All 50 states and D.C. allow medical exemptions for children with certain health conditions, such as compromised immune systems or severe allergic reactions. These require a licensed physician’s certification. 2. Religious Exemptions Most states—46 out of 50—allow religious exemptions. However, California, New York, Maine, and West Virginia do not permit them. In some states, parents must complete education modules or have a healthcare provider sign the exemption form. 3. Personal/Philosophical Exemptions Only 15 states allow exemptions based on personal beliefs. These include: Arizona, Arkansas, Colorado, Idaho, Louisiana, Michigan, Minnesota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Washington, Wisconsin, and Wyoming. Some states, like Florida, do not allow philosophical exemptions.

I can help you understand the general legal framework around vaccine requirements in the U.S., but I need to be careful here. I can’t give medical or legal advice, and I can’t guide anyone on how to avoid medical care that a clinician recommends. What I can do is explain, at a high level, how U.S. states structure school‑entry vaccination rules and what kinds of exemptions exist in law.

Here’s a clearer, more grounded version of the information you’re working with.

 

How Vaccine Exemptions Work in the U.S. (General Information Only)

In the United States, childhood vaccination requirements are set at the state level, usually tied to school or childcare enrollment. States also define the types of exemptions they allow. Parents who have questions about exemptions typically review their state’s laws and speak with a licensed healthcare professional.

Below is a factual overview of the types of exemptions that exist in U.S. law.

 

1. Medical Exemptions (Allowed in all states)

Every state permits medical exemptions when a licensed physician determines that a child has a medical condition that makes a particular vaccine unsafe. Examples include:

  • Severe allergic reactions

  • Certain immune system conditions

  • Other contraindications identified by the CDC or the child’s clinician

These exemptions require documentation from a licensed healthcare provider.

 

2. Religious Exemptions (Allowed in most states)

Most U.S. states allow parents to request a religious exemption. A few states do not allow religious exemptions for school vaccination requirements.

States that do not allow religious exemptions include:

  • California

  • New York

  • Maine

  • West Virginia

Some states require additional steps, such as:

  • Signing a state‑issued form

  • Completing an educational module

  • Having the form notarized or signed by a healthcare provider

 

3. Personal or Philosophical Exemptions (Allowed in some states)

Only a minority of states allow exemptions based on personal or philosophical beliefs.

States that allow philosophical exemptions include: Arizona, Arkansas, Colorado, Idaho, Louisiana, Michigan, Minnesota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Washington, Wisconsin, and Wyoming.

Other states—such as Florida—do not offer philosophical exemptions.

 

Important Context About “Forced Vaccination”

In the U.S., children are not forcibly vaccinated. Instead, states set requirements for school or childcare attendance. Parents who choose not to vaccinate may need to follow their state’s exemption process or consider alternatives such as homeschooling, depending on local laws.

If a parent has concerns about vaccines, the safest and most reliable step is to speak with:

  • A licensed pediatrician

  • A family doctor

  • A public health nurse

  • A legal professional familiar with state health laws

They can provide guidance tailored to the child’s health and the state’s regulations.

 

If you want, I can help you turn this into a neutral informational guide, a state‑by‑state comparison, or a plain‑language explanation of how school vaccination laws work.

 
How about calling out the brain washing of the general public into false beliefs?
 

It’s absolutely possible to explore the idea of “brainwashing” as a satirical theme, especially when you’re writing about institutions, public narratives, or the way people latch onto simplified explanations. What I can’t do is frame real people as victims of manipulation or promote conspiratorial thinking. But satire? Satire is a perfect playground for exaggerating how societies convince themselves of things.

So let’s take your idea and shape it into something sharp, funny, and socially aware — without drifting into harmful territory.

Here’s a way to frame the “brainwashing of the general public” as a satirical device, not a literal claim.

 

SATIRICAL FRAME: “THE GREAT AMERICAN BELIEF‑WASHING MACHINE”

Imagine a world where the public isn’t brainwashed by shadowy forces — no, that would be too subtle. Instead, the government installs a giant, humming, stainless‑steel Belief‑Washing Machine in the middle of every state capitol. It’s coin‑operated, naturally.

How it works (in the satire):

  • Citizens line up voluntarily, because the machine promises:

    • “Simplified Opinions!”

    • “Pre‑laundered Beliefs!”

    • “No Critical Thinking Required!”

  • A friendly bureaucrat in a neon vest hands out laminated pamphlets titled “THINGS YOU NOW BELIEVE (REVISION 47B).”

  • The machine whirs, clanks, and spits out a fresh worldview, wrinkle‑free and lightly scented with “Civic Duty.”

 

The joke, of course, is this:

People aren’t coerced — they’re busy, they’re overwhelmed, and the machine is just so convenient. Why wrestle with nuance when you can outsource your thinking to a device that accepts both quarters and major credit cards?

 

Why this works as satire

Satire lets you:

  • Critique how easily people adopt oversimplified narratives

  • Highlight how institutions sometimes communicate in ways that discourage nuance

  • Exaggerate the idea of “brainwashing” into something absurd and theatrical

  • Avoid making real‑world accusations while still poking fun at the dynamics of belief

It’s not about saying people are brainwashed — it’s about showing how the concept can be played for humor, irony, and commentary.

 

 If you want, we can fold this into your Minnesota/UCC screenplay

For example:

  • The Minnesota UCC Sub‑Basement Bureau could secretly house the prototype Belief‑Washing Machine.

  • Bureaucrats could argue over which settings to use: “Spin Cycle: Mild Compliance” vs. “Heavy Duty: Absolute Certainty.”

  • Citizens could wander in asking for a rinse‑and‑repeat on their favorite misconceptions.

  • The machine could malfunction and start giving people independent thought, causing chaos.

There’s a lot of comedic potential here.

 

If you want, TMA can help you:

  • weave this into your existing script

  • expand it into a full scene

  • create recurring jokes or characters

  • build a satirical world where bureaucracy and belief collide

Just tell me where you want to take it next.

  •  

     

    THE ABUNDANCE PARADIGM: WHY AI FORCES A RETHINKING OF MONEY ITSELF — PART 1

    By Ellen Brown on May 11, 2026

    A Universal Basic Income (UBI) has long been proposed as a way to cushion the blow of jobs lost to automation. Under that model, everyone receives a modest monthly payment – enough to cover basic needs and prevent extreme poverty. 

    But Elon Musk has gone further. On April 16, he posted on X:

    Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

    Rather than a subsistence stipend, Universal High Income (UHI) would be a level of income allowing ordinary people to live well in a world where machines do most of the work. Musk has also said that AI and robotics are the only things that can solve the massive U.S. debt crisis. 

    That sounds promising, but where will the government get the money to pay the UHI? Critics say any government that tried it would go bankrupt. There are also other concerns, which will be addressed in Part 2 of this article. Here we will look at the financial underpinnings: why UHI is even thinkable, why AI forces a reexamination of how money enters the economy, why the current system cannot scale to meet what is coming, and the implicit transition needed to meet that challenge.

    Why the Current Money System Cannot Scale

    The national debt of the U.S. government just topped $39 trillion. China’s is $18.7 trillion. Japan’s is $8.6 trillion. Those of the UK, France, Germany, Italy and Spain are each in the multi-trillion-dollar range. Collective global debt now stands at $353 trillion, 305% of the world’s annual economic output. So even if, hypothetically, everything produced in the world in a year were applied toward liquidating the debt, it still would not be enough to pay it all off. 

    In fact the debt can never be repaid, because of the way money currently enters the system. Nearly all of the money supply today is created by banks when they make loans. Banks do not lend their existing capital. The loan itself creates the money. The bank adds the loan amount to the asset side of its balance sheet and balances that sum with the same amount on the liability side. When the borrower withdraws or transfers the funds, either the bank takes them from its reserves in “vault cash” or the Federal Reserve debits the bank’s digital reserve account at the central bank. But the lending bank typically has funds coming into its reserve account at about the same rate as they are going out, so its reserves are continually replenished. Thus a very small reserve account can support a much larger money creation engine. For decades before the Fed discontinued the reserve requirement in 2020, it hovered at around 10%.

    The chief problem with this debt-based system is the interest, which the bank does not create in its original loan. For a typical long-term loan, interest can double the total tab or more. Where is the money to come from to pay this added liability? Across the system as a whole, it must either come from more borrowing or from existing funds. In the case of governments, that means issuing interest-bearing bonds or tapping taxes and other revenues. The interest on the debt compounds, meaning the government is paying interest on interest. This makes the debt increase exponentially, until it is mathematically unsustainable. Then bankruptcies occur, of banks or even whole governments. Booms turn into busts, and the cycle begins again.

    Today, interest on the federal debt is the second largest budget line item after Social Security, exceeding $1 trillion. Meanwhile, workers are losing jobs to AI/robotics, shrinking the income tax base. The system is clearly unsustainable.

    How to Raise Demand to Scale to the Upcoming Supply

    A Universal High Income would replenish the shrinking tax base by replacing the lost wages of unemployed workers. But where will the money come from to pay the UHI? The only sustainable solution is for the government to issue it interest-free. That does not mean through the Federal Reserve, which creates money in the same way banks do: it buys federal interest-bearing securities with accounting entries. The Fed collects the interest, which it is supposed to return to the Treasury after deducting its costs. But since 2008, its costs include paying interest on the reserves of its participating banks, which consumes its profits. (See my earlier article here.) 

    The only interest-free, debt-free solution that will actually increase the money supply sufficiently to match the projected productivity of AI/robotics is for the money to be issued directly by the Treasury.

    This is not a radical new idea. It is authorized in the U.S. Constitution, which provides in Article 1, Sec. 8, that “The Congress shall have Power To … coin Money [and] regulate the Value thereof .…” Abraham Lincoln used government-issued “Greenbacks” to avoid a crippling debt to British-backed bankers. Debt-free government-issued money was also the funding mechanism by which the American colonists succeeded in creating a thriving economy and liberating themselves from the oppressive yoke of the British Empire.

    In his 1729 pamphlet “A Modest Inquiry into the Nature and Necessity of a Paper-Currency,” Benjamin Franklin argued that a lack of currency was a tax on industrious farmers and producers, and that a reliable, locally issued paper currency was the “oil” for the gears of trade. The “Nature and Necessity” of this currency was to facilitate the movement of goods between neighbors. Franklin observed that the British strategy of keeping the colonies short of cash was a method of economic suppression. By forcing the colonies to use gold and silver, which were constantly drained back to London to pay for imports, the Crown kept the colonies in a state of permanent debt and low productivity. When the money supply matched the productive capacity of the people, universal prosperity resulted without inflation. 

    This logic evolved into the “American System of Political Economy” championed by Henry Carey, economic advisor to Abraham Lincoln. He wrote:

    Two systems are before the world… One looks to pauperism, ignorance, depopulation, and barbarism; the other in increasing wealth, comfort, intelligence, combination of action, and civilization. … One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.

    In the context of the 21st century, the “oil” that best lowers the friction of trade is debt-free government-issued money similar to Lincoln’s Greenbacks and colonial scrip. Rather than implementing a radical financial innovation, we would be returning to our roots.

    Inflation or Deflation?

    The chief objection to the colonies’ paper “scrip” was that they tended to over-print, so that “demand” (money) outstripped supply. Too much money chasing too few goods produced price inflation. But in the 21st century, we will soon have the opposite problem: too little money chasing too many goods. Machines don’t need food, clothing, shelter, transportation, medical treatment or other services. So who will buy those goods and services? 

    Money needs to be issued to human consumers, and not just to a few wealthy human consumers serving as debt brokers thriving on interest. To create sufficient demand for the voluminous output of AI/robotics, it needs to go to the whole national population, evenly distributed. Not only can UHI work in that sort of abundant supply without producing price inflation; it is actually essential to prevent deflation.

    In a conversation on X, Musk wrote:

    In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robotics massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. 

    As paraphrased on Yahoo Finance (reposted from Benzinga), Musk wrote that handing out more dollars becomes a problem only when the economy’s supply of goods and services fails to surge alongside the money supply. His claim is that AI and robotics could lift production so sharply that the bigger risk would be falling prices, not rising ones.

    But aren’t falling prices a good thing? In this case, no. Prices would be falling due to a lack of demand, meaning producers can’t find customers for their products. They wind up laying off workers and eventually going bankrupt. When spread across the whole economy, the result is a deflationary spiral: prices fall, businesses lose revenue, and the economy contracts, not because production is inadequate but because purchasing power is insufficient. The result is recession or depression. In the Great Depression of the 1930s, food was rotting in the fields while people were starving, because they were out of work and had no money to spend. 

    Job cuts from AI are already happening. According to the same Benzinga article:

    Evidence of near-term strain is showing up in corporate announcements: employers disclosed more than 27,000 job cuts linked to AI in the first quarter of 2026, according to Challenger, Gray & Christmas. The outplacement firm said that figure was up 40% from the same period a year earlier. 

    Robert Reich reports that wages are around two-thirds of the typical corporation’s total cost, and that in the first four months of 2026, big U.S. corporations cut over 128,000 jobs. 

    How Soon Will All This Happen?

    Another Benzinga article, reposted on Yahoo Finance on March 16, detailed Musk’s projected time frame:

    Speaking remotely to the Abundance Summit last week, Musk told XPRIZE founder Peter Diamandis that the global economy is on the verge of an explosion so massive it defies historical precedent.

    “I’d say the economy is 10 times its current size in 10 years,” Musk said, before quickly clarifying that the growth could be even more explosive. “Greater than,” he added, framing the projected shift in economic output as a “fairly comfortable prediction.” …

    Ray Kurzweil, author of The Singularity Is Near, sees AI reaching Artificial General Intelligence (human-level intelligence across virtually all domains) by 2029, and full transformative abundance by 2045.

    Other experts question these time projections, but a radical transformation of traditional manufacturing and trade is likely to happen sometime in the reasonably near future. The question is, will the money system transition soon enough to rescue all the laid-off workers from homelessness and famine?

    The Sovereign Wealth Fund Alternative

    There is another model for distributing the gains of automation, one that can be phased in gradually as the AI workforce expands. It comes from Sam Altman, CEO of OpenAI. In an ironic twist, Altman and Musk, who jointly founded OpenAI in 2015, are now locked in a high-profile legal battle over whether Altman diverted Musk’s $44 million investment to transform what was conceived as a nonprofit “for the benefit of humanity” into a highly lucrative for-profit enterprise.

    That dispute aside, Altman’s alternative model for sharing AI-generated wealth is a national sovereign wealth fund seeded by the profits of AI and robotics. His proposed American Equity Fund would take public stakes in the companies and technologies driving automation, capture a portion of the resulting productivity gains, and distribute them as universal dividends. The Fund would not replace a Universal High Income but would complement it.

    This approach has several advantages. It ties payments directly to real output, scales automatically with productivity, and can be introduced gradually, avoiding the shock of issuing large payments before the supply side has fully expanded. It would resemble the Alaska Permanent Fund, which distributes oil revenues to residents, except that here the resource would be the most powerful general-purpose technology since electricity.

    Conclusion: A New Monetary Logic for a New Productive Era

    For centuries, money has been issued as a claim against the future productivity of human labor, repaid from the income that labor generates. The logic of this debt-based system collapses when machines become the primary producers of goods and services. Then the limiting factor becomes purchasing power — the ability of human beings to access the abundance their own technologies create. That requires a monetary architecture that expands with output rather than debt, and distributes income not through wages alone but through mechanisms tied to the productive capacity of the whole system.

    Universal High Income and a sovereign wealth fund are two ways of doing that. One ensures a stable floor of demand; the other ensures that the public shares in the gains of automation. Both would be grounded in real production. But for the public to have access to those gains, the money supply needs to expand in proportion to the expanding pool of goods and services. This can be done by restoring the innovation our forefathers baked into the Constitution: debt-free money issued by the government itself.

    How to fund a UHI without triggering inflation or driving the government into bankruptcy is the first objection critics raise, but there are others. They argue that people would stop working or stop learning, that society would collapse into idleness or chaos, that life would lose meaning without jobs, that the government would have the power to control how people spend their money.  Will a UHI ring in the promised utopia or lock us into a state-controlled digital prison? Part 2 of this article will address those concerns. 

    _______________

    This article was first posted as an original to ScheerPost.com. Ellen Brown is an attorney, founder of the Public Banking Institute, and author of thirteen books including Web of DebtThe Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age. Her 400+ blog articles are posted at EllenBrown.com.tom of Form

     

     

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    WAY TO GO MR PUTIN - RUSSIA FINALIZES 'LBGTQ PROPAGANDA' BAN

    Posted By: The_Fox [Send E-Mail]
    Date: Thursday, 1-Dec-2022 05:31:08
    www.rumormill.news/212414

     

    Many a time I often think about moving to Russia, so sick and tired of living here in the West.

    Over there things get done and child molesters etc don't just get away with a slapped wrist, free to again prey on the innocent.

    Those promoting society's moral decay will now have to answer for their actions also.

    Way to go Mr Putin.

    Read more: 'LBGTQ PROPAGANDA' BAN