Ask A Genius 233 – Dead and Money Heirs
Author(s): Scott Douglas Jacobsen and Rick Rosner
Publication (Outlet/Website): Ask A Genius
Publication Date (yyyy/mm/dd): 2017/07/19
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Rick Rosner: Just people die and their money goes to their heirs. But as people live longer and longer that money is locked up. And, it will have effects on society.
Though, it’s hard to predict exactly how pissed off people will be and how big the effects will be, because there is going to be a gazillion other economic things going on.
But it may be a world of resentment, of cross-generation resentment. Because at the same time you have people getting older and older and keeping their money by not dying, you are going to have a worsened job market due to AI, probably.
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