Re: Sam Altman's American Equity

Details: The Managers (who are often no longer needed in a Lease-Schedule Auction, because workers have 100% commission and rentals are paid regardless of whether people come to work) currently constitute 18% of the US labor force… and 30% of the compensation. A Lease-Schedule Auction puts that 30% into Capital Accumulation! Further, we have lost productivity from ‘sick’ days, turn-over, and low motivation, currently - those would be reduced in a Lease-Schedule Auction as well. Then, there’s all the Capital that goes under-utilized…

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*The Key Concept about Capital Utilization in a Lease-Schedule Auction:*

Instead of you buying capital that you keep to yourself, as a moat, in a Lease-Schedule Auction you would buy capital to rent it to industrious people; you don’t want a moat anymore! You want everyone to demand your equipment, driving rental prices up. So, if we have mass Robotic Automation, that is ONLY a threat if a few rich people get to keep that capital behind their Moats! If anyone can *rent* those robots, then the robots benefit all the crafts and creatives, while the capitalists make money by being useful to *others*.

Anthony Repetto