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In reply to the discussion: Elon Musk Warns 'The Only Way to Get Us Out of the Debt Crisis' and 'Prevent America from Going Bankrupt is AI and Robot [View all]patphil
(8,502 posts)29. Wodrld wide AI and robotics will result in hundreds of millions of jobs being lost, and markets collapsing.
Where are the people who lose their jobs going to get the money to live on, let along money for non-essential goods and services? This will cause a ripple effect through the remaining economy, resulting in millions more being put out of work.
And we know governments aren't going to provide for the general welfare in an economy where there isn't anyone left to tax.
One of the first things to go away will be free, open and honest elections. The rich won't allow it.
All this could come to pass in 20-30 years.
If you don't think so, just look how much has changed in the past decade, and we're in the infancy of this whole labor revolution. It's picking up speed quickly.
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Elon Musk Warns 'The Only Way to Get Us Out of the Debt Crisis' and 'Prevent America from Going Bankrupt is AI and Robot [View all]
CentralMass
10 hrs ago
OP
We need a progressive wealth tax that addresses systemic abuses and prevents the existence of billionaires, period.
Moostache
7 hrs ago
#30
Says the tax dodger who just demanded 1 trillion dollars and is actively undermining Democracy. Fuck That Guy!
chowder66
10 hrs ago
#8
Well, of COURSE the solution is NOT to tax the shit out of the wealthiest Americans, bless your hearts!
AZJonnie
9 hrs ago
#15
Yes, eliminating 10s of millions of jobs forever (with shitty AI) is the path to prosperity . . .
hatrack
8 hrs ago
#21
Seriously, there was a time when half a trillion dollars was considered James Bond supervillain money.
Initech
3 hrs ago
#38
Wodrld wide AI and robotics will result in hundreds of millions of jobs being lost, and markets collapsing.
patphil
7 hrs ago
#29
How do you get this massive economic expansion with 50 million Americans unemployed from AI replacement?
NickB79
6 hrs ago
#31