Probably most of it at least, because under your supposition that the AGI will replace labor we'll get incredibly cheap products and services as a result.
> Property has inherent value.
You weren't talking about inherent value when you wrote "Super-intelligence will make labor worthless (or very cheap) it won't make property worthless." which is what I replied to.
> None of this has any connection to anything I've written. I'm talking about the concept of a resource curse.
And my point was that the wealth of a nation does not come from its resources but its entrepreneurs. Resources are a course usually when monopolized and administrated (looted) by corrupt governments, not when exploited by private entities. AIs controlled by governments would scare me indeed.
> Other rich people can buy their products and services.
> He could still sell his cars to Altman
Are you joking?! How many cars do you think Altman can buy?! Do you really think the rich people can be an actual market?! How many rich people do you think there are out there?! Are you talking about middle class by any chance?
> Why do you think rich people would like to buy your labor if using AI/robots is cheaper?
Because labor evolves too, just like it evolved when automation, IT and outsourcing came around. Yes, I can't sell my dirt digging services in the age of digging machines but I can learn to drive one and sell my services as a driver. Maybe I can't sell coding in the age of AI but I can sell my ability to understand, verify and control complex systems with code written by AIs.
And so on, you get the idea. Adaptation, creativity and innovation is the name of the game.
> You're proving my point
> The point is: Because rich and powerful people still have to pay for labor their incentives are at least somewhat aligned with the incentives of the average person
Not at all. My point was that Elon and rich people are interested in you as a customer, not for your labor. That is the old mindset and the one we need to evolve from. See yourself as selling and buying products and services, not your labor, and the world will be full of opportunities. "The rich" won't seem like a separate class from you, but regular people you can interact and profit from (while mutually benefiting).