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Comment by lateforwork

You don't need money. What you need is wealth. I am going to leave it to PG to explain the difference [1]: Wealth is not money. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. You can have wealth without having money. If you had a magic machine that could on command make you a car or cook you dinner or do your laundry, or do anything else you wanted, you wouldn't need money. Whereas if you were in the middle of Antarctica, where there is nothing to buy, it wouldn't matter how much money you had.

AI & robots will generate wealth at unprecedented scale. In the future, you won't have a job nor have any money, but you will be fabulously wealthy!

[1] http://www.paulgraham.com/wealth.html

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