The rich don’t like her already anyway
Bluesky
People skeeting stuff.
Bluesky Social is a microblogging social platform being developed in conjunction with the decentralized AT Protocol. Previously invite-only, the flagship Beta app went public in February 2024. All are welcome!
At least she's supporting the suit industry (and culture.)
Can the government even afford to bail out the AI bubble? There's so much "money" tied up in it I don't think they could even print enough could they?
They can, but remember Zimbabwe used to have a 100 trillion dollar note.
They can always create as many USD as they like, they don't have to actually print any of it. It will devalue the dollar though, the price is inflation which affects everyonr who has dollars or is paid in dollars.
Similar story with the national debt, with enough inflation the total value of the debt becomes miniscules, you just screw over everyone who owns that debt (a lot of 401ks) and destroy your economic credibility.
They're already being bailed out via subsidies. They don't need to fail first. They're being set up to never fail, because the treasure trove of information and surveillance opportunities are simply too good to pass up.
Ok, but don't look at it like "free money", they bought the politicians fair and square, it's basically their monies at this point, the taxpayers are just being unfair.
Also, without the megacorps, who is gonna spy on you & monetise your work for themselves? The CIA like in the ancient times of 20 years ago?
It's true, but is there anything better to invest in within the U.S. right now? The U.S. doesn't really make anything and even this AI stuff is based on chips manufactured outside of the U.S..
The U.S. doesn't really make anything
Actually the U.S. makes a lot of stuff. Amongst other things the U.S. accounts for somewhere around 40% of the global food & beverage market.
https://finance.yahoo.com/news/food-beverages-market-size-reach-133000592.html?
is there anything better to invest in within the U.S. right now?
Defensive stocks like energy, utilities and pharmaceuticals. But I would hold for the moment. Even JP Morgan CEO told people to divest from US.
Not a financial advice but something to consider is investing in gold and silver and companies outside of US. Japan, China and Europe are increasingly seen as safer investments (but China at the moment is having an economic downturn). If you want some growth and security to protect your cash if there is a down turn, you could buy bonds.
Mortgage real estate interest trusts?
We should build actual pyramids they could start buying....
AOC is against socialism (towards megacorps).
(Edit: I might have not been clear - the joke is the the nonsense about redistributing taxpayer wealth to private corporations.)
I hadn't realized corporations are social creatures. Feels like the opposite to me
Have you ever seen how quickly they socialise/gather together/collude when there is even a whiff of talks to regulate them or tax them??
They put aside their differences, pool their resources, and act ferociously willing to fight to the bitter end.
Further proof: they have loving relationship with their pets (CEOs, lobbyists, politicians), they "cry" & get slapped on the wrists when they cause a social or environmental catastrophe, they all post ads of ppl smiling & telling you how their megacorp cares about people and loves them?
They are totally like people!
/s (just the last bit!)
Hey man, corporations are people too (according to the law)