Might end wage slavery, but might end up with state slavery or imprisonment. Total control.
So far the level of tax has reached historical highs, and are still climbing. The state are taking more and more % of the peoples wealth production. Even the wealth production is so high that also most people has more wealth.
In Norway, we are now at 21% of the working age population living on government money. If you take out government employees from the equation (they are not producing, or producing very little of real value), we are down to about 15% of the population doing work in the private sector (real wealth generation). And even a part of those are delivering services to the government wich takes of even some more percent.
We are certainly moving in the direction of a state society like North Korea, but with more wealth, higher standard of living and a majority dictatorship instead of a dictator.
As we know, the state is the most ineffective organisation, this will at some point crash like it has done in all other places where the state got to big, like f.eks. Venezuela.
Why does the reply end up all the way down here? This was a reply on eek's "AI is more likely to end wage slavery than blockchain, but perhaps not in an utopian way."