You mathmatically can't compound your way to wealth anymore... 20 years, 7% returns, 3% inflation, 40% taxes -- best case you 1.5x your investment. That is why the kids YOLO it... plain and simple.
It cannot be ignored that technological progress may exacerbate inequality. Therefore, ensuring that everyone benefits from these new technologies is a challenge that society absolutely needs to seriously consider and address๐ค ๐ง
The most likely outcome is that AI and robots make everyone wealthy. In fact, far wealthier than the richest person on Earth ๐
By this, I mean that people will have access to everything from medical care that is superhuman to games that are far more fun that what exists today.
We do need to make sure that AI cares deeply about truth and beauty for this to be the probable future.
This granddaughter shares a video of her grandparents' tender goodbye after 66 years together: "He really loved her until his last breath".
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@pioneersx980@Nocapmedia It's too late to calculate it now; even if you asked him to calculate the wind resistance, he probably wouldn't be able to do it correctly Lol....๐๐