Billionaires and the Consolidated Control Problem
Being rich can effectively be boiled down to having a lot of influence or power. Of course, there are people who have a lot of power but are not very rich, but those people are either few and far between or at the immediate beck and call of the rich. Though there have been times where the rich have held more power and less power, it seems that we are now trending towards the rich having extremely consolidated power over workers because of the coming automation wave.
When the automation wave arrives, many businesses will often no longer have to interact at all with everyday people because jobs will become scarce, and even if people receive UBI, the increased efficiency of automation will make their buying power significantly more limited when compared to other companies. Instead, most of these transactions will simply be between businesses, decoupling the profit motive from its original aim of producing the best product for the consumer.
This problem will only continue to worsen until either the profit motive is done away with, or the average person becomes so powerless that they are deemed useless eaters and discarded.
However, I do not think that AI and automation are in any way bad things. In fact, I want these two technologies to be accelerated. However, if they are to be accelerated, then our end goal must be FDVR. FDVR is the ultimate logical terminus of the profit motive. Within FDVR, you are able to do whatever you want and infinitely maximize your level of influence and power, going beyond any level of influence that you would be able to have in the real world. With the implementation of the decoupling of money from what has hitherto been seen as its tautology, power, we are able to move society away from this dystopian end and towards one where FDVR might be universalized, allowing everyone to live their optimum life.