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PhilGoetz comments on Human values differ as much as values can differ - Less Wrong
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This lower-bound could have some use; but my view is that, in the future, most people will be elements of bigger people, making this division difficult.
Existing societies are constructed in a way so that optimizing each person's preference can help optimize the society's preference. So maybe it's possible.
I think the idea is to divide between current people('s individual extrapolated goal systems) once and for all time, in which case this poses no problem as long as personal identity isn't significantly blurred between now and FAI.