Part 6/11:
Wealth from Automation: The Role of Sovereign Wealth Funds
The discussion shifts to practical financial mechanisms—specifically, employing sovereign wealth funds to manage automation-generated wealth. These funds, exemplified in nations like Norway and Alaska (which distributes oil revenues as annual dividends to residents), could be adapted to a global scale.
An intriguing idea involves using AGI-controlled investment strategies to grow these funds, turning automation taxes into enormous pools of wealth. The dividends generated could then sustain a global UBI, gradually evolving into a Universal High Income (UHI) system that guarantees not just survival but improved quality of life, healthcare, and education worldwide.