Valmond comments on Alphabet selling very rare 100-year bonds to help fund AI investment

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[–] Valmond@lemmy.dbzer0.com 0 points 9 months ago (4 children)

Didn't that magic 1950 salary came out of like abusing the rest of the world in different ways though? Like the petro dollar, forcing everyone to dance to your tuba and so on?

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[–] village604@adultswim.fan 2 points 9 months ago

It partly came from taxing the hell out of the rich. Reagan put a stop to that in the 80s.

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[–] fuzz@sh.itjust.works 2 points 9 months ago (1 child)

The petro dollar wasn't even a thing until the 70s.

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[–] Valmond@lemmy.dbzer0.com 1 point 9 months ago

The dollar base was decided in 47 or 48 IIRC. Maybe "petro" wasn't there already.

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[–] hector@lemmy.today 2 points 9 months ago

The high living wage came from unions. And government taxing higher incomes progressively more, and taxing corporate profits more than personal paychecks, that made obscene profits progressively taxed more. It was caused by people that worked jobs being able to buy the same goods they produced, increasing output all around.

I don't know what you are even trying to talk about here. Conflating vague foreign policy with living wages. Seeing as foreign policy got worse as living wages evaporated it would suggest you are off base there.

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