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by nebula8804 1597 days ago
Private equity will own the robots. UBI is not all roses. It will be a way to give the masses a way to live their lives with a minimum amount of dignity and prevent a complete revolt once all jobs are gone through no fault of the people. This will likely also close off the remaining avenues to escape the lower middle class into upper classes. Whoever acquired capital early on wins and everyone else is stuck like in the centuries past. Think about it. Most of the 'new' billionaires are from tech which was an odd fork in history that the old elite clearly didn't see coming. Now the new rich will be pulling that ladder up from behind them once the robots do every job and UBI gives you a bread and circus.