Imagine how different the world would be if billionaires competed to solve problems instead of competing to become richer. What a world that would be!
Microblog Memes
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
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To be honest, I think the billionaires think they are solving problems. I also think that they believe if they had the money they could do more good with it. They are obviously wrong.
The billionaires are using AI to try to take control over PCs, because that's the last place where you can still own something outside of their control. The fake AI demand and channel stuffing that is preventing home users from buying RAM and GPUs is an attempt to push everyone into using cheaper devices like phones and tablets. Fuck the oligarchy and the rich. Install Linux and flip off the billionaires.
I would be ok to rent my RAM to this guy. Of course it would have a price. We are in a democracy and market is free.. Right?!
Not when you use Chrome.
I knew there'd be folks in here claiming it's "fake money." They can liquidate when they want to, it's not "fake."
Not only is it real money when its invested, typically the rich can just borrow against those shares instead of having to liquidate anything to pay for things.
For example when they need $40b to purchase a website or media corp to use so they can have better control of the narrative, they just get a loan because everyone knows they'll be able to make the payments, instead of selling enough shares to tank the thing that inflates their networth beyond all reason.
They can liquidate part of it. If they liquidate all of it then most will disappear into thin air.
If you're Elon Musk and own a large part of Tesla and SpaceX and you sell all your shares, both companies crater HARD.
Just remove stock from anyone who owns over 1% of any publicly traded company and nationalize all index funds' assets (yes, that includes retirement funds). Problem solved.
Or just cap total wealth at ~5 mill, indexed to the median income so there's no need for legislation like with minimum wage.
They don't even need to liquidate. They can just take a loan against it like they already do.
💯 ☝️
That's the thing; the billions don't sit in a bank account but in the ~~stock~~ betting market. They would be heavily taxed otherwise.
Just tax unrealised capital gain then. A progressive tax too so small investors wouldn't really be penalized much.
Correct (when it comes to billionaires; Sam Altman and his ilk intentionally caused the RAM shortage by buying RAM their companies are not using and should be held accountable).
Billionaires would be impossible in a properly civilised society, which would implement progressive taxes so that anyone with a wealth above, say, ten times the median wealth of the population or 25 times the wealth of the poorest person (citizen or not) in the nation (whichever's lowest at the time) are taxed to the point that their wealth can increase no further, with the resulting income being invested on public services so that personal wealth is irrelevant except for luxury items.
Quit making perfect sense. You're making the capitalists nervous and ruining the hopes and dreams of all the Questrader's out there. /s
I think we should extract the water from Sam Altman's body and use it to cool a datacenter
The blood could also replace the motor oil in my car. Use all parts of the Sam Altman.
Use all parts of the Sam Altman.
The purpose of the Nose-to-Tail approach is to show respect to the animal. Are you trying to show respect to Sam Altman?
Eat the rich.