Yea but we already know that's what they're gonna do regardless of what anyone says.
Just like we already know things are eventually going to get bad enough that killing the epstien-billionare class becomes both moral and necessary.
Yea but we already know that's what they're gonna do regardless of what anyone says.
Just like we already know things are eventually going to get bad enough that killing the epstien-billionare class becomes both moral and necessary.
There's no industry the US government won't bail out, because the US government is corporate sponsored.
We bail out banks.
We bail out farmers.
We bail out military contractors.
... and on and on and on.
Because they "donate" to bOtH pArTiEs, and they expect a return. They don't do this out of charity.
I think it's worth adding that those companies intentionally run shit into the ground, taking the global economy with them, because they know the gov will ball them out.
Aha! the solution is for citizens to become industry. Then they can bail us out.
Bailing is the agricultural process of cutting, drying, gathering, compressing and tying up of forage crops into compact, manageable bundles for easy storage and transport.
Therefore, I am all for bailing the CEO's out of AI companies. We can all lend a hand in cutting them down, drying them, gathering them, tying them up and compressing them into manageable bundles for easy storage or... whatever... toss them into a volcano?
cutting them down, drying them, gathering them, tying them up and compressing them into manageable bundles
Sounds like a recipe for jerky. Eat the rich.
Didn't the House denounce Socialism in ALL FORMS earlier this week? Therefore bailouts are no longer possible, right?
Oh, I forgot the rules don't apply to rich people. Silly me.
They forced this nation to take massive risks for their personal benefit. These people should be in prison and their companies and assets seized.
to be fair, we should not bail out ANY industry. if you fail at capitalism so bad you need a bailout- tough shit.
I feel like that depends on the industry and context. For example if say most of a specific industry is based in one or two areas and gets devastated by a natural disaster then fine. But if it's just economic failure then they should be taken private with either the states or the feds getting controlling shares.
state control is actually “public” or “nationalized” right? - not to be confused with “publicly traded” which is not the same as “the public runs the business” (as it would if a state ran it, being comprised of the public)
Yeah every bailout should mean public ownership. It's the taxpayers buying the company.
Yes though in this case I'm referring to the US political entities called states, IE California, Connecticut, Arkansas, Et Cetera. But yeah I do mean nationalized in effect, when I said take it private I mean the stocks get locked down and removed from the public stock exchange while leaving owned stocks somewhat unaffected. Mostly so things like employee stocks don't get effected, CEO or ex CEO stocks would be nullified.
There is a difference between disaster recovery aid and bailout for managment failures.
Uhh.... billionaires asking for bailouts is peak failed capitalism.
That’s not how our system works.
Socialism for the rich, bootstraps for the rest.
No, the taxpayer should not have to pay bailouts. But they will, whether they want or not.
Too late. It's already baked in through the insurance industry reinsurance mechanisms.
Bwahaha. Taxpayers will definitely bail out this industry, especially if the crash happens during this administration. That will be true whether or not be force some level of public ownership to reap any rewards that might accrue.
The worst part is that any bail out would only be enough funding for a few months with the rate they are burning money at compared to their CURRENT revenue.
Bad news: we will be.
Some people are looking forward to the crash because they think these oligarchs are going to have some kind of comeuppance. To that I say: lolololol
Short of a complete societal rejection of the global economic regime, there is no way for us to not be. The expensive deals have been inked. The money has been committed. Parties will be in debt to each other for hundreds of billions of dollars. It doesn't matter if there is a law against taxpayers footing the bill or not, that amount of economic pressure will burst into and flood the larger economy and it will harm us all. It's going to happen no matter what. We're not yet angry enough at the severe economic harm that is about to befoul all of us.
Yeah, I am rather amazed that it seems so fashionable to want the AI bubble to pop, as if we won't all be in the direct line of fire. It's like people that were wishing for the housing bubble to pop back in the mid-00s...the people at the top doing all this shit are not going to be the ones that suffer.
I'd rather the AI bubble were to spin down and have a soft landing, but honestly, I have no idea if that is even remotely possible. It seems we cannot just have a stable economy; it's either tulip bulb mania or it's in freefall because the investor class is not making quite as much money as they think they are entitled to.
You can't get skynet without giving all the taxpayer money to skynet. You don't have to call it a bailout. Just give them all our money for tokens so they don't need a bailout.
they've already made some of these companies publicly traded or somewhat public by linking it with publicly traded companies so it could tap into the "most safe investment" aka index funds and now they're tapping it onto peoples taxes? smh
So, GPUs and chips are being collateralized to secure loans and finance underwriting. We’re so fucked.
It’s just the cost of doing business. They take your tax money and fund an ai data center buildout surveillance state. Just like China.
And it's not even really artificial intelligence. It's basically just very fast computing.
we need to start letting companies crash amd burn when they fail. fuck the consequences to the greater economy and the enormous cost to the FDIC we need the corperations to learn that there are consequences.
Those taxpayers will bail these executives out and they’ll shut up about it.
Americans don’t care.
They’ll roll over and do nothing.
Watch.
#luigiDidSomething
Yep. And everyone sat at home and left him on his own to burn.
It's not all over yet. I'm still hoping beyond hope that he'll be slapped on the wrist and let go
Jesus christ, you people are boned.
I'm not blind to that eventually either.
Maybe try doing something.
You can't just not have a bailout. The AI companies have more debt than value, and most of their value is only valuable to other AI companies. If there's no bailout, the lenders don't get paid, and the lenders lose almost everything. The employees of the AI companies will lose their jobs. The companies that have been doing significant business with the AI companies will lose all that business. It's too late to completely avoid the recession and bailouts, and few people in charge are interested in doing anything that would reduce the impact. We're all paying for it, one way or the other.
If we save the lenders, they don't learn their lesson about lending money to evil things that don't make any money.
Besides I thought they were so wealthy because they took on all the risk right? If we pay one way or another anyway then we may as well let the fuckers go down in flames.
Like how the banks can "offer" you personal loans with 15%+ interest, even with a perfect credit score. Or like 7% for a mortgage.
Their profits are larger than ever, but it's socialism or something if we were to expect them to have an emergency fund or something.
Are you one of the lenders? Do you have money invested for savings or retirement in a managed fund?
If there's no bailout, the lenders don't get paid, and the lenders lose almost everything. The employees of the AI companies will lose their jobs. The companies that have been doing significant business with the AI companies will lose all that business.
Too effing bad. Choices have consequences.
It's too late to completely avoid the recession and bailouts
If it's too late to avoid the economic fallout, we should at least avoid making the people responsible for creating this mess richer at the cost of taxpayer dollars. Maybe we'll all take a hit, but let the shortsighted fuckers eat their own debt.
The employees of the AI companies will lose their jobs.
Spend the bailout money helping them instead. Maybe even make some sort of society wide safety net, so people don't need to fear losing their jobs through no fault of their own. Let the companies sink or swim on their own merits.
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