> But before the guillotines come out, the .01%ers will have lots of cash for buying art, personalized AAA video games, solid gold plumbing fixtures, and the li

> But before the guillotines come out, the .01%ers will have lots of cash for buying art, personalized AAA video games, solid gold plumbing fixtures, and the like. That doesn't pass the smell test. For instance: it doesn't help the 99.9%ers if one .01%er pays another 10x for a Picasso and a 0.1%er makes a commission on the sale, and I don't imagine the elite demand for new-art production would increase much from current levels. Production of personal goods, luxury or otherwise, for elites can't fill the gaps caused by automation, since they already buy them today. Even over-the-top conspicuous consumption won't cut it either (e.g. employing tens of thousands in North Korean Mass Games-style performances just to employ tens of thousands), is getting into pretty dystopian territory.