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You ever notice how big software companies who do personal finance software basically have never discussed A.I. regression models or predictive analytics and optimal planning in personal finance? Is it really so bad if it becomes harder to be poor?
Click a button, and a A.I. model produces optimal chronological strategy using only bank and debt CSV imports.. Income and spending averages with all long-term debt factored in a simple, most optimal, long term plan..
Here is what you need to know, straight from Wilkins Micawber:
“Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness.
Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
I doubt there is anything called optimal debt planning. Debt is THE problem. You either got the money for the bills or you don't. AI is of zero help.
I think it's a case of those who can take advantage of debt planning have enough money that debt is itself a money-making tool and not just a result of bills.
Highly unlikely that A.I. will resolve poverty, since poverty is caused by money, not cured by it.
If money cured poverty, go all in. Credit everybody with 22 billion billion quatloos, so everyone is equally wealthy and no one "needs" money ever again.
However, if no one needs money, who will bother to work, farm, mine, transport, make and sell goods and services ?
Even the starving children are fabulously wealthy.
. . .
And let's not forget who has the "power" to create new money tokens. It's not Congress. Congress has the power to "coin money" (stamp bullion) or borrow money. If Congress had the power to create money (bullion) why would it need the power to borrow it?
. . .
Which also begs the question - if a government can just "print up money" why would it need to tax its subjects ? Why not just spend the money as it is created?
SHHHH- don't ask that out loud !
. . .
In reality, prosperity is based on prodigious production of surplus usable goods and services, equitably traded and enjoyed.
But money mad people fixate on the abstraction (money) and not the reality (goods and services). You don't see folks hoping to find new ways to make more or do more?
They're wishing to hit the lotto or marry a rich spouse.
I don't think people need AI to tell them to spend less than they make and put some extra money aside.
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