[bitmasher9]

Bifurcation of society with fewer and fewer people moving upward in social status. The poor have nothing. The bar of assets required to not become poor continues to raise.

For example, let’s say you have 5M NW, and 75% of it is in an uninsurable residential real estate. Your house is at high risk of being destroyed, and if it does you barely have the assets required to rebuild. If this happens twice you are have nothing poor.

[nradov]

That seems unrealistic. Can you give us an example of a specific residential property that is both uninsurable, and recently sold for ~$4M? Being uninsurable tends to crush value.

[bitmasher9]

Sure, so your primary residence becoming uninsurable is another way to go from have to have not

[someothherguyy]

> Your house is at high risk of being destroyed, and if it does you barely have the assets required to rebuild.

Or it becomes worthless when no one else has anything and demand tanks

[p1esk]

Let’s say I have 10M in stocks. What is the optimal strategy to not end up as “have nothing poor” in an automated economy?

[ben_w]

Make sure the stocks that you own include some of the companies making the robots and/or the AI that do the be automation.

And/or, if possible, buy yourself one small Von Neumann replicator.

[ConspiracyFact]

If you have 10M in stocks you should be able to figure this out on your own, assuming you’re self-made.

[bitmasher9]

Try to advance to 100M. 10M might not be enough in 50 years.