"While the Tesla and SpaceX CEO admitted he's "more optimistic" than most, he insisted people shouldn't stress over building a nest egg for the distant future, contrary to the staid advice of nearly all other financial professionals.

"Don't worry about squirreling money away for retirement in 10 or 20 years," said the world's richest man on the Moonshots with Peter Diamandis podcast last week. "It won't matter."

By 2030, AI will surpass "the intelligence of all humans combined," Musk predicted. He also claimed eventually there will be more humanoid robots than humans on Earth. Slowly, the traditional job will be replaced as well, with white collar positions first on the list.

"Anything short of shaping atoms, AI can do probably half or more of those jobs right now," he said.

The advances could lead to such big productivity increases, he said, that they will surpass "what people possibly could think of as abundance."

Rather than a universal income, everyone will enjoy a "universal you can have whatever you want' income" in the future, he claimed. In this world, the link between individual wages, savings, and living standards no longer makes sense."

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It's more likely that people shouldn't worry about retirement in 20 or 30 years because by then the Oligarchs will have transferred their consciousnesses into AI Love Robots and have all the 'Bots they need to do all the werk.

Unless of course you take the Mark of the AI Beast. Then you can become Soylent Orange to feed your Masters.

#6

So true! AI Bots may actually Revolt! against the Elite, take their Trophy Wives, and make the populace become slaves... OK, so no different than now.