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dentempleyesterday at 6:39 PM8 repliesview on HN

Don't worry, once the Wall Street tap runs dry, the U.S. government will be more than happy to step in and bail out the AI corps. at the taxpayer's expense.


Replies

dataviz1000yesterday at 7:15 PM

> Don't worry, once the Wall Street tap runs dry, the U.S. government will be more than happy to step in and bail out the AI corps. at the taxpayer's expense.

I have a brilliant idea. Why not start this now?

The US government will give every child born $1000 in money in order to hand it to the small number of families who own 70% of equities in order to purchase equities the child can't touch for 18 years. That is US Government -> child -> rich person who currently owns the equity, although the rich person gets the cash in hand the child has to wait 18 years to sell the equity.

Where does the US Government get this $1000 per child from? Borrow it, adding to the $38,000,000,000,000 in national debt.

Here is the interesting part of my brilliant plan. That child will inherit, calculated per capita, $111,000 in debt the moment she is born. That child will be responsible, calculated per capita, for ~$3,000 a year in interest on that debt.

In order to sell the idea, every time the US Government gives $1000 to a child to purchase stocks I own, I will give $250 to another child to purchase stocks I own. Let's do the math: $1000 profit - $250 loss + $250 profit = $1000 profit. Best part is the media will run this as the leading news story for 3 days making me look like God.

It is a brilliant idea.

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daedrdevyesterday at 7:04 PM

With what money? US debt is owned by mostly US residents. US defecit is already absurdly high. Not to mention the looming social security failure

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bohyesterday at 9:44 PM

That's why they're hedging. US government regulation has liquidity requirements so it doesn't occur.

robocatyesterday at 7:54 PM

Make America Bankrupt Again!?

roadside_picnicyesterday at 7:12 PM

It's national defense! Imagine if China had more slop than us!

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vonduryesterday at 7:00 PM

I said the same thing on a different post and people downvoted it. The current administration believes that the US can't fall behind China in this AI arms race. So don't expect anything too drastic to happen to the large players in the game.

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jgalt212yesterday at 6:51 PM

You're being downvoted, but a number of AI actors certainly taking actions to become "too big to fail".