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A new bombshell from Elon Musk.
He says that artificial intelligence and robots will create vast quantities of production, exceeding any money supply. Consequently, there will be no inflation, and no need for work. Governments will then have to pay people high salaries to compensate for job losses.
The idea, as dreamy as it sounds—like living in a utopia where machines produce and humans enjoy themselves—
I find it far-fetched. First:
Who will own these robots?
Companies or governments?
Companies, of course.
So, the profits from this production go to the companies, and governments get their revenue from taxes.
But we know that companies, especially the large ones, don't pay taxes and evade them through well-known methods.
So, who will fund these salaries?
Second:
How much will these salaries be? And on what basis will they be determined?
Will everyone be the same?
Or will there be social classes as well?
Third:
Where will these unemployed people spend their time? Not all humans are painters, poets, or artists. Let's suppose we were to witness a deluge of creative output—then where would these people spend their time?
Until there are logical answers to these questions, I believe Musk's statement is simply advertising for the robots his company produces.
$DOGE
{spot}(DOGEUSDT)