Earlier quoted context omitted.
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 noth…
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?
And/or, if possible, buy yourself one small Von Neumann replicator.