Submitted by theferalturtle t3_y0ra2t in singularity
InvisibleWrestler t1_irylxgx wrote
Reply to comment by TheSingulatarian in what jobs will we have post singularity? by theferalturtle
I've very limited understanding of economics, finance and commerce. Anything beyond simple barter system is difficult for me to picture. So I can't really make sense of how trade, banking, capital accumulation etc. will work in future with AGI. How UBI will be arranged by government if people can't pay taxes? Will they just print money? What happens to poor countries whose economy is built around exporting services or goods to the Western countries?
TheSingulatarian t1_is0d13n wrote
The holders of capital will have to pay the taxes. They will be so obscenely rich it will make today's rich look poor.
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