> The dystopian outcome where a few people own everything and everyone else dies is always fun to trot out in Econ 101 classes, but in reality, societies seem not to allow this.
Companies are granted rights by the state for their duty to employ people.
No human employees, no need for special rights such as tax deductions.
How does regulatory capture factor into this? This article is primarily about historical wages but does touch on wealth:
> If real per capita GDP goes to $10 million (in 2024 dollars), rich people aren’t going to think twice about shelling out $300 for a haircut or $2,000 for a doctor’s appointment. So wherever humans’ comparative advantage does happen to lie, it’s likely that in a society made super-rich by AI, it’ll be pretty well-paid.
Companies are granted rights by the state for their duty to employ people.
No human employees, no need for special rights such as tax deductions.