What is the logic?
AI can calculate stuff that can be measured and calculated.
But investing (in stocks or otherwise) is not that. Investing is about the phychology of the people (all other investors). If investors as a whole make stupid decisions, the market movements make their decisions correct (like the incredibly stupid drop in Nvidia's stock due to release of Deepseek). AI can be more objective and better at calculating facts, but it doesn't matter if the market is driven by emotions and people.
It's not a given that this will remain true forever, although I don't think it's tied to AGI. One could argue that AGI push is the trigger for a massive increase in compute capacity and corresponding decrease in price that might make this kind of thing viable, but that's just wishful thinking, not a fact.
The poster is suggesting there is some _true_ value separate from what these customers who know their own situations best think. That they are secretly being fleeced and a central planner will somehow better allocate the resources.
Not at all. What if it were an employee co-op?
"The ultra-wealthy should have less power" != "We should implement a five-year plan for our command economy as thought up by glorious and correct Party."
Not generally. Window repairmen get higher incomes, but the rest of the economy has less consumption and investment.
I don't believe that's true. I believe that's called the "Broken Window Fallacy" in Economics.