Comment by monophonica | Hacker News Reader

Comment by monophonica | Hacker News Reader

For me, I am just always learning something new. I have a list of 12 books to read this year and already knocked out two.

The biggest variable to me is if you can justify taking money out of the market to pay for college. For me, it is a non-starter. A completely laughable idea.

Pushing 50, I need one more re-invention. Starting over in something like cybersecurity, I would just be getting beat out by the 25 year younger version of myself. I need an AI hedge basically. Something highly creative, non-standard, not something everyone else is already is doing. The process of trying to figure this out is what I think will lead me there.

My AI hedge is that I don't want to start trying to do this if I find myself completely unemployable with my previous experience and skills pushing 60.

It seems like we either get AGI and I am not employable in 10 years or we don't get AGI and we have such massive malinvestment that the job cutbacks also make me unemployable on my current path.

I think the only way to play this is to be heavily invested (if possible) on the AI buildout. If we get AI at this rate, then these investments as of today truly will be a meal ticket.

It’s a huge conviction, that means every dollar you earn during this phase has to be leveraged into this build out because at the end there won’t be any jobs left.

When this happens at scale, and everyone is on social security, the government will inevitably cut/tax your social security income, which is going to be insane for the retired crowd who will literally have no recourse in the economy. Foreign nations already want to de-dollarize, so a situation in 20 years can easily arise where America cannot raise debt because no one wants to buy it (aged highly-taxed population, no jobs due to automation, and no creditors. Fall of an empire, we’re crying wolf again but this time it feels real).

The only way the American demographic will be able to maintain its lifestyle is to do the opposite of what we are doing now. We’d need mass immigration, to fill a underclass that we can tax to maintain the QoL of the retired American class (or in simpler terms, saturating the bottom of the pyramid to pay into social security, everyone else is old or out of a job). This might cause civil unrest.

It’s best to prepare. America has UBI via SS, it just hasn’t been stress tested. What if we put everyone on it for life? It’s going to cause so many moral hazard issues. Why should I pay into supporting people who don’t do anything? Well, what are they supposed to do? There’s nothing to do. Should they not eat then?

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