Re:Save like a pessimist, invest like an optimist
by xchaotic on Saturday November 14, 2020 @05:45PM
(#25096376)
But as things get automated and cheaper that’s actually negative gdp growth. So it won’t pay your retirement
Re:Save like a pessimist, invest like an optimist
by chii on Saturday November 14, 2020 @08:41PM
(#25097373)
If things get cheaper, you can live off less income from your investments .
Re:Save like a pessimist, invest like an optimist
by marvin on Sunday November 15, 2020 @10:16AM
(#25101794)
Yep, and in such a world, a reasonable level of taxation would eventually be able to pay for a modest lifestyle for everyone who wanted it.
In a world of such dramatic surplus, it's either that or violent revolution, so I'm fairly sure it would sort itself out.
Anyone who thinks we will run out of things to create just lacks imagination. There's so much stuff we'd really, really like to have but haven't been able to economically create yet. Medicine, body modifications, automation of all that's boring, cheaper manufacturing of everything, entertainment, recreation, transport, space habitats and almost anything else you can imagine.