Reply to What happens to stocks, investing and generally capitalism when automation and robots do everything?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Basically is my VTSAX going to be worth 1000% more in 2050 is my question. [/quote]

Didn't respond to this part earlier.  Amazing as always how it all comes back to people just wanting more money.  Since 2000, the S&P500 has grown 612%, or 8% a year.  That's pretty good!  But OP wants MORE MORE MORE.[/quote]

You’re on the financial thread, bud. If you’re looking for the bleeding heart, altruist, martyr olympics, communist forum you’ve come to the wrong place.

Okay, now that that’s out of the way, is anyone else worried their saving and scrimping each month with automatic contributions to 401ks and so forth could be all for naught if capitalism as an entire model falls because [b]work as a primary need evaporates?[/b][/quote]

If you look back through history, whenever new technology comes out, people say stuff like this.  Or say "we will only need to work 4 hours a day in the future" because of clothes washers, etc.  I'll take the null hypothesis of "as a whole, things don't really change in this manner".[/quote]

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