EoP - Ethernet over Power

Here's the secret: stop buying shit from amazon. JFC people.

In China they also imprison the wealthy that exploit people. I may not agree with how China treats their citizens but they have some things right.

So you're saying we have an evolutionary example of "eat the rich"? I say we get started - the ants gave us a blueprint.

If the income tax graduations are steep enough then the billionaire class will optimize to minimize taxes by reducing their own income in favor of reinvesting in their business and employees. In theory. In reality I'm sure they'd find some way to squirrel it away while their employees apply for and get denied food stamps.

Not my FUHTBAAWWWLL!

Are you looking for recommendations?

Well they're required to release public reports to both the stock market and to the fed about debts issued. That's not really a moral subject.

Debt has to be issued somewhere and the banks arent saying that enormous loans are being made to pay for AI development

That may be the least likely thing to ever be stated.

Can I somehow make money off of this failure?

Real talk. Has the price of coke gone up because of this? I'm genuinely curious.

No, the difference is that when those subprime mortgages were bundled as assets, they were intentionally classed as AAA debt when they were worth much less. This created value out of thin air and allowed a shell game to be played by Bear Sterns and Lehman Brothers with the big banks. The AI stuff is paid for in cash. It's real money. It is still an incestuous investment and contracting game between the 7 major players. But that money came from the sale of stocks that are worth what they are due to market valuations and real trade (which is still bullshit).

When the public and investors come to realize AI was oversold and its abilities were exaggerated and AGI is still a decade+ away, the valuations won't just vanish. The circular investing game will absolutely cause stock devaluations and they will be sudden. That $560 MS stock will poof go back to $420 when they first invested in OpenAI. That will really fucking hurt the average 401k. OpenAI will probably go bankrupt. Meta will still be fucking worthless as a societal drain but paradoxically worth nearly a trillion dollars. Over 10% of the GDP of the entire US in capital will absolutely be destroyed. But it won't take place in a moment. Investors will be stubborn and bet on the dead cat bounce and hope and pray for their gambling addiction to pay off and keep those companies on life support.