Stalin found alive!

CHENNAI – Singapore companies will invest $5 billion in several areas, including infrastructure, technology, sustainability and data centres, in Tamil Nadu, expanding the Republic’s presence in the southern Indian state.

MTI noted that Tamil Nadu is “often the first port of call for Singapore companies looking at South India, given the cultural and historical familiarity between both states”.

The state, with a population of 72 million, is the second-largest contributor to India’s gross domestic product, behind Maharashtra, whose capital is Mumbai. Tamil Nadu’s ambition is to be a US$1 trillion (S$1.33 trillion) economy by 2030, and it has been aggressive in wooing foreign investors. Its chief minister, Mr M.K. Stalin, travelled to Singapore in May 2023 to attract investments from the South-east Asian nation.

https://www.straitstimes.com/asia/south-asia/singapore-companies-to-invest-5-billion-in-india-s-tamil-nadu-state

A lot of it is prob laundered Indian grey money, but importantly they are not going to China any more.

(no subject)

“[in Jetsons] no one does any actual work. Jetson arrives at his office, leans back in his chair, and puts his feet up on the desk. Jane presses three buttons to accomplish the housework—and that’s before she gets Rosey. Even the robot sets the table for dinner by pressing a button.
...
the Jetsons’ lives are ridiculously easy, and they are ridiculously rich. Jane talks to her mother on a wall-sized videophone in a day when 20% of American households didn’t have a television and 25% didn’t have telephones.

[in real life] The working man’s family lived in a cramped row house, not a spacious penthouse. His wife didn’t have a housemaid; she spent the whole day cleaning, washing, cooking, and sewing. He himself worked long arduous days and was often forced to take public transportation. Private aircraft were a dream almost as far out of reach as they had been before the brothers Wright.
The subtext of The Jetsons is simply stated: advancing technology would make the future much better than the past—for everyone. We could all be Jet-Setters.”

J Storrs Hall. “Where Is My Flying Car?: A Memoir of Future Past.”

Let's say we do get enormous productivity gains from AI. How do we tax the productive class and redistribute the money(?). Of course, we could imagine that AI improves everybody's productivity, but it would not be uniform; therefore, the redistribution problem would have to be solved anyway. Also, taxing heavily the productive class would create strong disincentives to be productive. Unless, productivity gains are so huge that taxes won't matter.