It's not that hard

Wealth caps. Worldwide. Start at something reasonable, say 10 million

Anything over that goes 100% tot axes. Nobody has a "right" to more than that, nobody needs more than that. No, you don't NEED three Lamborghini's, you don't need 20 houses.

Keep everything else the same, just a single rule to make a huge difference

Governments now will have enough income to fund a huge social net with free education, free healthcare, universal income so that people can spend money to keep the economy running

People now can choose to do some of the little work left.

On a side note: fuck these AI clowns for focussing on AI on exactly those tasks that make life worth living instead of focussing on the mundane shit tasks that nobody wants to do. Garbage collection still requires humans yet these shit stains claim that art andusic is now covered. Yay! Now we have shitty AI art and shitty jobs!

It's just gonna be the same 8 companies passing money between each other. Kinda like the Nvidia/openAI circle jerk. Us peasants will live in company towns, and be paid in company dollars that we can spend to buy food and water, from the company. Don't worry, they'll deduct rent straight from our checks.

who cares? that's not this year's problem let alone this quarter. this year, profits go up

It's illegal to look at next year

A cancer doesn't plan

Rich people mostly. But you can save your camp currency/scrip for a few years and buy some approved shoes or whatever at the work camp store.

We kinda have two choices:

Some flavour of socialism where people get what they need for free

Or

Turbo-rio-de-janiro style inequality where we all live in slums

Now the 2nd one is what the ultra rich want and they have a lot of power, so it's kinda on the rest of us to make the first happen instead

Anticapitalist badthink. Prepare the mechanical hound.

This is pretty much what the empires in the world war era were asking. They found the answer and it was poor, developing countries.

I have a suspicion they are focusing on short-term goals, because that is what those people usually do. For example, it's probably hard to explain who should watch all the ads and buy all the advertised products when Facebook replaces their content and interactions with bot slop. They didn't think this through. This isn't some kind of visionary 4D chess. But it does not matter to them. When wasting 80 billion on a VR project that was doomed to fail from the beginning does not matter, nothing does.

The owners of other robots.

The economy is already morphing to serve the needs of the upper levels of worth. Look at the trend with airlines shrinking economy sections and expanding first class and business class. Pretty much all consumer offerings are moving to the luxury tier.

Thats not very “shareholder value” of you. /s

Yeah, the "elite" aren't actually smart enough to figure that out. Elite is kind of an oxymoron.

Rich will give robots money to spend on them to make the feel better

The robots won't have all the jobs. And the demand for human labor will increase.

There will always be some jobs humans can't do. It's not that there's something magical about humans and the human mind. It's just that there are certain jobs that are so complex and involve such human emotional intelligence and human interaction, that any machine that could do this instead of a person would have to be a person themselves. I might trust Commander Data to be my kid's elementary school teacher. But that's also because I would consider Commander Data to be a person. But there would also be little reason to mass produce Commanders Data to be elementary school teachers, as that would amount to little more than slavery. A mind is a mind, regardless of the substrate. Forcing a mind to work for you is a moral abomination, regardless of whether that mind is flesh or silicon.

As automation has increased over the generations, the demand for human labor has increased. The fields whose services have increased in price high above inflation are non-coincidentally those with the highest amount of unavoidable human labor. Think medicine, higher education, and home construction. Automation generates vast wealth. People who profit from highly automated industries then have more money to spend on things. There's more money in the economy to support the labor-intensive industries. But automation can't meaningfully decrease the cost of producing them. So the wealth generated in low-labor intensity industries goes towards bidding up the cost of the goods and services produced in high-labor intensive industries.

Or another way to look at it. Automation is deflationary. Whenever the production of a good or service becomes highly automated, the cost that good or service tends to go down. There's a reason the idea of a walk-in-closet would have been considered absurd to your ancestors. When people spend less money on the automated goods, they have more money to spend on the labor-intensive goods.

Or, a third perspective. A reasonable assumption is that future automation will look like past automation. Yes, automation can be disruptive on an individual level. If you're 55 and your entire career specialty is automated away, you're going to be really hurting at a personal level. You just don't have time to retrain for a new career field, and medically you may be unable to. But as a whole, people move into fields that have high need for workers. We have a higher labor force participation rate than we did 200 years ago, despite only a single-digit percentage of people needing to work in agriculture now. Wave after wave of automation has failed to result in the predicted mass employment and immiseration of the populace. And every time we're told that "this time is different," it turns out to be no different than the previous times. The people telling you that this round of automation will be completely different from all the others are the same people profiting from the current AI bubble.

Politically the system of work in return for pay will have to change. Maybe a small amount of people may still work but most will probably get basic universal income. Thats the only politically feasible outcome

We will be the stuff

Hmm 🧐

It's okay. Elon said we'd all be rich thanks to UBI once the robots have taken over all the jobs. And Elon wouldn't lie.

/s

Theoretically if robots make everything, everything is free.

No-one will have to be worried about budgets once SkyNet takes over.