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Canconda@lemmy.ca ⁨2⁩ ⁨days⁩ ago

This is why republicans are obsessed with the estate tax: if you pass it on to your kids before the scam gets sorted out

Same thing with the AI bubble. Sure it will burst, companies will go bankrupt, millions of peoples retirement savings will disappear, and many will suffer /die from the economic aftershock…

BUT

The rich will have already realized their dividends / capital gains

The rich will have already purchased the land / property

The rich will already have the data centers / ram / AI

The whole system is a kleptocracy and the AI bubble bursting will make late stage capitalism worse not better.

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