Re: Given that all of us reading this fall into that global 1%
Nicely put, @Doug S.
The problem of disparity and redistribution of wealth is extremely difficult. As automation displaces labor (which it will, not just because it eliminates labor cost but because it improves product performance and reliability) basic adjustments in societal values will need to occur.
H. L. Mencken is reported to have observed that, "for every complex problem there is a solution that is simple, neat, and wrong." That applies to economic problems in spades.