>>222707 (OP)You're missing a key component in your understanding:
(Killing people and) taking people's things is _always_ a better return on investment in a given subject's lifetime than their own limited capacity to produce anything, unless coerced to do otherwise by the mob.
Just from an entropy standpoint consider the calories required for some guy #1 to gather a basket of apples compared to some guy #2 braining some guy #1 and taking his apples. Now factor in time and opportunity cost savings. Scaling this to the modern world is not hard.
Attacking and despoiling is *always* cheaper than exclusive investment in production when the attacker has invested more in their weapons than the defender - by virtue of investing all their resources in production. The Mongol Empire stood testament to this for centuries, turned back solely by forcing *more people* with *more resources* to compete on their level.
Even "senseless" destruction has its use - Destroying someone's orchard means the same demand for apples with a lower supply and thus higher ROI on apple theft. Destroying the value that can be created by workers outside of a slave state in turn drives up the value of the slaves, without any need to invest additional time and motion.
Adam Smith was teaching about this in 1770, it's not like it's news.
As for the billionaire bracelet, the mob can be manipulated, through $50,000 watches, $20,000 suits, and assistance from $500/hr marketing men who know the mob's handles and how to pull them. The tipping point when the return on this expenditure beats the return on hard work at scale I leave to you to calculate.
So the answer to your question is; it is - but not yours. You are a resource to be consumed
by a system (entropy economics) that stretches back thousands of years. Your picking of apples and eventual consumption of your life enables someone else to not spend time and motion picking apples, and instead - for example - developing robotic apple pickers, a problem that is probably within 5 years of being fully solved right now.
When machines fully replace all human efforts, what - exactly - does the system need humans for ? Why then should it optimise to accommodate them except when obliged to do so?