Exactly what it says in the title.
How this would be implemented would be through a highly intelligent closed-system computer system that would dictate the morals and ethics of human society. It could not be externally tampered with.
Would you welcome such a being, or would you reject it? Explain why.
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Reject it. Creating a god is asking to be enslaved. As the saying goes I'd rather be free and cold than warm and in chains.