Comment on A Majority of Americans Now Support Seizing Wealth From AI Industry

• givesomefucks@lemmy.world ⁨2⁩ ⁨days⁩ ago

  They borrowed our real money from banks without us having any say in it, based on imaginary valuations of what someone would hypothetically spend for their mountain of shares based on the price the tiny slice for sale is worth…

  A complete and utter disregard for supply side economics.

  If any of them actually have to sell to pay back the loan, they go bankrupt and the bank can’t collect.

  That makes every other bank individually panic and call all their loans in to try and get what they can.

  Banks doing a run on banks. Then everyone’s going to try and pull their money out when banks starting going bust.

  source

  • zarathustrad@lemmy.world ⁨2⁩ ⁨days⁩ ago

    I’m just waiting for when they have to sell off all that depreciating silicone (SSD/HDD/RAM). Just hope they don’t throw it all in a landfill with the ET Atari carts out of spite.

    source

    • chaogomu@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Nope, that shit will flood the market, but it’s all been run hot for as long as possible, well, the stuff that actually went into data centers. Some of the shit that’s been “sold” hasn’t been made yet, because the data centers are still being built, on land that’s still being stolen through eminent domain.

      Except, some of those data centers will be given over to government and corporate surveillance of, well, everyone. Surveillance that will then be used to enact violence on people. It already is.

      source
• aesthelete@lemmy.world ⁨2⁩ ⁨days⁩ ago

  High time we started taxing loans anyway to be honest.

  source