Comment by bloomingkales

I think the only way to play this is to be heavily invested (if possible) on the AI buildout. If we get AI at this rate, then these investments as of today truly will be a meal ticket.

It’s a huge conviction, that means every dollar you earn during this phase has to be leveraged into this build out because at the end there won’t be any jobs left.

When this happens at scale, and everyone is on social security, the government will inevitably cut/tax your social security income, which is going to be insane for the retired crowd who will literally have no recourse in the economy. Foreign nations already want to de-dollarize, so a situation in 20 years can easily arise where America cannot raise debt because no one wants to buy it (aged highly-taxed population, no jobs due to automation, and no creditors. Fall of an empire, we’re crying wolf again but this time it feels real).

The only way the American demographic will be able to maintain its lifestyle is to do the opposite of what we are doing now. We’d need mass immigration, to fill a underclass that we can tax to maintain the QoL of the retired American class (or in simpler terms, saturating the bottom of the pyramid to pay into social security, everyone else is old or out of a job). This might cause civil unrest.

It’s best to prepare. America has UBI via SS, it just hasn’t been stress tested. What if we put everyone on it for life? It’s going to cause so many moral hazard issues. Why should I pay into supporting people who don’t do anything? Well, what are they supposed to do? There’s nothing to do. Should they not eat then?