this post was submitted on 08 Sep 2025
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The wealth doesn't disappear, it just ends up concentrated.
Goods and services will just be something most people will no longer be able to afford, and they go into poverty. Business will reconfigure to support the lifestyles of the very rich at prices only they can afford, because that's where the money has gone.
Things will get so expensive, people will have to sell their assets (i.e. house) to be able to resist poverty. People without assets won't even get that parachute.
If we don't reverse this concentration of wealth, 99% of people will be living in slums before long.
The fact AI is going to hoover up everyone's job over the next couple of decades, is really just a continuation of a trend we've been seeing since the 80s: the rich are taking all the wealth and leaving none for us
They are just finishing what the Nazis started. We should have never allowed them to escape