Elon Musk Warns 'The Only Way to Get Us Out of the Debt Crisis' and 'Prevent America from Going Bankrupt is AI and Robot

[patphil]

29. Wodrld wide AI and robotics will result in hundreds of millions of jobs being lost, and markets collapsing.

Where are the people who lose their jobs going to get the money to live on, let along money for non-essential goods and services? This will cause a ripple effect through the remaining economy, resulting in millions more being put out of work.
And we know governments aren't going to provide for the general welfare in an economy where there isn't anyone left to tax.
One of the first things to go away will be free, open and honest elections. The rich won't allow it.
All this could come to pass in 20-30 years.
If you don't think so, just look how much has changed in the past decade, and we're in the infancy of this whole labor revolution. It's picking up speed quickly.