We are dealing with some of the richest people on the planet. Let them pay for their own clean up. They can afford it. Let them sell their billion dollar yachts for parts.
Not a single tax payer dime should go toward them. These are the people who are looking to replace all of their human workers with AI. Let AI fix their problems.
OpenImagination9 on
Let them crash and burn, regular folks have no stake in any of this vaporware.
RamonaQ-JunieB on
I’m think she’s 100% correct.
Antipolemic on
I think a bailout would be unlikely. The Mag 7 represents 35% of the S&P500 valuation. If they slid 50% even, which is massive, it wouldn’t be the kind of event that would threaten domestic and global stability, unlike the failure of the money and banking system would have caused in 2008 for instance. It would be painful to anyone holding AI-heavy tech stocks, and there would be a knock-on decline in the value of other assets just because of the hysteria that would ensue, but not the end of the world.
MentalTourniquet on
Oracle stock is down about a third of where it was a month ago.
Cold-Cell2820 on
We could afford to bailout the banking industry because they were almost guaranteed to repay their debt. Banks have been around for thousands of years. I have no faith in the nascent AI industry to repay anything.
CalmInteraction884 on
Remember when lawmakers in one side kept saying “Let the markets play out….”?
I miss those kind of logical thinkers.
Dangerous-Parking973 on
Let them cook. Seize their assets for the fraudulent actions they’ve taken and then launch them into the sun as an example.
Boom, corporate oversight.
/s
Eastern-Rabbit-3696 on
I absolutely hate AI and applied to one of those companies doing AI training. I was a little desperate bcuz the job market is ass. They offered $21/hr, and it was fine because I had my own schedule. A few weeks ago they decided to pause every time I would be able to work (EST time), and then now they decided to cut the pay to $16/hr in the hopes that people are still desperate enough to work, meanwhile they’re making billions. I fucking hate it and I hope it pops.
EldritchSlut on
Any industry we bailout should be nationalized with profits going to help the working class. I will die on this hill.
Opposite-Lobster8888 on
we should not only let them fail, but celebrate when it happens
smersh101 on
It’s going to be much tougher to justify a bailout of AI companies compared to banks, but of course they’ll try.
Salt-n-Pepper-War on
Let AI fail, save the workers, let the industry correct
worksafe_Joe on
Let it crash. Fuck these monsters.
Thought-Ladder on
I understand how bailouts could be necessary sometimes, but with our history of bailouts across different industries, we should never bail out any company. It’s capitalism. Sometimes companies fail. Past bailouts have essentially been a bonus for the small top, and this same companies didnt do much of anything to move forward in a progressive way. If they’re failing, let them fail. Let’s bail out the people who are working 60 hours a week for years because of student debt, medical debt, family support, etc. Anyone involved in AI is dumb rich and if they’re bubble pops, oh well. Make them pay for it, literally.
armageddon_20xx on
I agree- and I’m pro AI. We shouldn’t have bailed out the banks in 2008 either
sircastor on
When the bubble bursts, we’re going to see a collapse of the stock market – like massive collapse in the same way we saw things collapse in 2008. It’s going to be absolutely devastating to people who are leaning on their retirement accounts currently, and anyone who is planning on retiring in the next 10 years.
If anyone is going to need to be bailed out, it’s the American people. Directly.
APraxisPanda on
Agreed. This bubble (last I checked) could be 17x worse than the dot-com crash. That is their problem for investing poorly into a business model that quite litterally mirrors a lot of the exact same issues Dot-com had without a shred of consideration that it’s the exact same problem at higher scale. We gotta stop making bad investments the working classes problem, but these idiot investers love the “privatize gains, socialize losses” playbook, and it only stops when we stop rewarding it.
EmployAltruistic647 on
American capitalism is all about socializing corporate losses (of companies who bought politicians) and privatizing all corporate profits.
Lobster15s on
Man… these are the richest folks on the planet so you know how it goes. Socialism for them not for the working people.
ki3fdab33f on
There isnt going to be a bailout because there is nothing there to bail out. It would be like trying to bailout Enron. Can’t get blood from a stone.
Ssshizzzzziit on
Ha! Good fucking luck with that! — you know too big to fail Nvidia is going to be the first with their hand out.
DramaticWesley on
This isn’t like the car industry. Once AI data centers are set up, they provide fairly few jobs. Just a couple dozen IT specialists. Let it burst and let the rich eat the losses. They gambled on replacing all American workers with robots. They should pay for that gamble.
Norbluth on
She’s absolutely correct. Which unfortunately means this country will bend over backwards to bail out all these tech giants who sold their souls (and the rest of us) for AI. Imagine if they put all this money into things that would help humanity rather than actively deteriorate it.
shiftylookingcow on
It’s not about “letting the rich CEO’S/corporations fail”, unfortunately. Everyone’s retirement funds are likely to be heavily staked in AI, so if there is some kind of crash, everyone who is retired or planning on retiring soon could be absolutely screwed.
I’m not even sure a bailout fixes that, but if some of the major players go under entirely, that’s got to be worse for the market.
What this points out though is the broken compensation structure for c suite executives – if there is no consequence for spectacular failure why are they rewarded so disproportionately for success?
Any company or industry in general that any point requires a government bailout should have the compensation of all executives aggressively capped in perpetuity.
Extreme compensation should be a reward for extreme skill or extreme risk…. Requiring a bailout dispels the myth of the extremity of executive skill level, the bailout itself dispels the myth of any kind of actual risk to any high level decision makers.
hairymoot on
These companies were giddy with joy over replacing human workers with this. We should NOT give them money.
And I will not buy a game, movie/show, or support any company that doesn’t use the real thing.
*This post was made by a human
frygoblin on
You mean to say that government should not get involved with private citizens bankruptcies? That almost sounds conservative. Surely this will get no push back from the GOP /s
Hume_Fume on
Its not a gamble if they cant lose, they can take the hit.
Hot_Ambition_6457 on
Won’t someone please *think of the Data Centers*?
Successful-Trash-409 on
Privatizing the gains while socializing the losses. Fuck the rich.
dyzrel on
Lmao a bailout for a worthless industry? No thank you
BeauShowTV on
Well good news, AOC. No one is calling for that. Quit spreading lies.
KnightDuty on
Old people need to not be in charge of tech decisions it’s embarrassing
faith_apnea on
> The projected global artificial intelligence (AI) market size for 2025 is estimated to be between approximately $244 billion and $758 billion
The players can collectively deal with it. The US citizen owes no bailout to a free market. We already ate that shit sandwich in 2009.
Net worth:
* Oracle – 638B
* Open Ai – 500B (Valuation)
* MSFT – 3.6T
* Google – 3.6T
* NVIDIA – 4.5T
* Anthroic – 183B (Valuation)
* IBM – 270 B
alabasterskim on
Bail out the people who are hurt, not the companies who hurt them.
DadlyPolarbear on
Remember its only government mooching good for nothings when poor people are involved. When the super rich its for the betterment of society.
ImportantQuestions10 on
The thing to keep in mind is that the bubble bursting was always part of the plan.
Bubbles are like King of the Hill. The goal is to come out on top and be one of the survivors once the dust settles. Some of the biggest companies in the world today were the survivors of the Dotcom bubble.
Even if you don’t survive, leadership of the failing companies get bought out and compensated first for a shit ton of money.
Regardless of if you win or lose, leading up to the bubble popping, you also make a ton of money.
Tldr: As long as you’re at the top, you can’t lose during the bubble. The burst is just part of the plan.
37 Comments
We are dealing with some of the richest people on the planet. Let them pay for their own clean up. They can afford it. Let them sell their billion dollar yachts for parts.
Not a single tax payer dime should go toward them. These are the people who are looking to replace all of their human workers with AI. Let AI fix their problems.
Let them crash and burn, regular folks have no stake in any of this vaporware.
I’m think she’s 100% correct.
I think a bailout would be unlikely. The Mag 7 represents 35% of the S&P500 valuation. If they slid 50% even, which is massive, it wouldn’t be the kind of event that would threaten domestic and global stability, unlike the failure of the money and banking system would have caused in 2008 for instance. It would be painful to anyone holding AI-heavy tech stocks, and there would be a knock-on decline in the value of other assets just because of the hysteria that would ensue, but not the end of the world.
Oracle stock is down about a third of where it was a month ago.
We could afford to bailout the banking industry because they were almost guaranteed to repay their debt. Banks have been around for thousands of years. I have no faith in the nascent AI industry to repay anything.
Remember when lawmakers in one side kept saying “Let the markets play out….”?
I miss those kind of logical thinkers.
Let them cook. Seize their assets for the fraudulent actions they’ve taken and then launch them into the sun as an example.
Boom, corporate oversight.
/s
I absolutely hate AI and applied to one of those companies doing AI training. I was a little desperate bcuz the job market is ass. They offered $21/hr, and it was fine because I had my own schedule. A few weeks ago they decided to pause every time I would be able to work (EST time), and then now they decided to cut the pay to $16/hr in the hopes that people are still desperate enough to work, meanwhile they’re making billions. I fucking hate it and I hope it pops.
Any industry we bailout should be nationalized with profits going to help the working class. I will die on this hill.
we should not only let them fail, but celebrate when it happens
It’s going to be much tougher to justify a bailout of AI companies compared to banks, but of course they’ll try.
Let AI fail, save the workers, let the industry correct
Let it crash. Fuck these monsters.
I understand how bailouts could be necessary sometimes, but with our history of bailouts across different industries, we should never bail out any company. It’s capitalism. Sometimes companies fail. Past bailouts have essentially been a bonus for the small top, and this same companies didnt do much of anything to move forward in a progressive way. If they’re failing, let them fail. Let’s bail out the people who are working 60 hours a week for years because of student debt, medical debt, family support, etc. Anyone involved in AI is dumb rich and if they’re bubble pops, oh well. Make them pay for it, literally.
I agree- and I’m pro AI. We shouldn’t have bailed out the banks in 2008 either
When the bubble bursts, we’re going to see a collapse of the stock market – like massive collapse in the same way we saw things collapse in 2008. It’s going to be absolutely devastating to people who are leaning on their retirement accounts currently, and anyone who is planning on retiring in the next 10 years.
If anyone is going to need to be bailed out, it’s the American people. Directly.
Agreed. This bubble (last I checked) could be 17x worse than the dot-com crash. That is their problem for investing poorly into a business model that quite litterally mirrors a lot of the exact same issues Dot-com had without a shred of consideration that it’s the exact same problem at higher scale. We gotta stop making bad investments the working classes problem, but these idiot investers love the “privatize gains, socialize losses” playbook, and it only stops when we stop rewarding it.
American capitalism is all about socializing corporate losses (of companies who bought politicians) and privatizing all corporate profits.
Man… these are the richest folks on the planet so you know how it goes. Socialism for them not for the working people.
There isnt going to be a bailout because there is nothing there to bail out. It would be like trying to bailout Enron. Can’t get blood from a stone.
Ha! Good fucking luck with that! — you know too big to fail Nvidia is going to be the first with their hand out.
This isn’t like the car industry. Once AI data centers are set up, they provide fairly few jobs. Just a couple dozen IT specialists. Let it burst and let the rich eat the losses. They gambled on replacing all American workers with robots. They should pay for that gamble.
She’s absolutely correct. Which unfortunately means this country will bend over backwards to bail out all these tech giants who sold their souls (and the rest of us) for AI. Imagine if they put all this money into things that would help humanity rather than actively deteriorate it.
It’s not about “letting the rich CEO’S/corporations fail”, unfortunately. Everyone’s retirement funds are likely to be heavily staked in AI, so if there is some kind of crash, everyone who is retired or planning on retiring soon could be absolutely screwed.
I’m not even sure a bailout fixes that, but if some of the major players go under entirely, that’s got to be worse for the market.
What this points out though is the broken compensation structure for c suite executives – if there is no consequence for spectacular failure why are they rewarded so disproportionately for success?
Any company or industry in general that any point requires a government bailout should have the compensation of all executives aggressively capped in perpetuity.
Extreme compensation should be a reward for extreme skill or extreme risk…. Requiring a bailout dispels the myth of the extremity of executive skill level, the bailout itself dispels the myth of any kind of actual risk to any high level decision makers.
These companies were giddy with joy over replacing human workers with this. We should NOT give them money.
And I will not buy a game, movie/show, or support any company that doesn’t use the real thing.
*This post was made by a human
You mean to say that government should not get involved with private citizens bankruptcies? That almost sounds conservative. Surely this will get no push back from the GOP /s
Its not a gamble if they cant lose, they can take the hit.
Won’t someone please *think of the Data Centers*?
Privatizing the gains while socializing the losses. Fuck the rich.
Lmao a bailout for a worthless industry? No thank you
Well good news, AOC. No one is calling for that. Quit spreading lies.
Old people need to not be in charge of tech decisions it’s embarrassing
> The projected global artificial intelligence (AI) market size for 2025 is estimated to be between approximately $244 billion and $758 billion
The players can collectively deal with it. The US citizen owes no bailout to a free market. We already ate that shit sandwich in 2009.
Net worth:
* Musk – 470B
* Bezos – 244B
* Zuck – 206B
* Ellison – 320B
Market Caps:
* Oracle – 638B
* Open Ai – 500B (Valuation)
* MSFT – 3.6T
* Google – 3.6T
* NVIDIA – 4.5T
* Anthroic – 183B (Valuation)
* IBM – 270 B
Bail out the people who are hurt, not the companies who hurt them.
Remember its only government mooching good for nothings when poor people are involved. When the super rich its for the betterment of society.
The thing to keep in mind is that the bubble bursting was always part of the plan.
Bubbles are like King of the Hill. The goal is to come out on top and be one of the survivors once the dust settles. Some of the biggest companies in the world today were the survivors of the Dotcom bubble.
Even if you don’t survive, leadership of the failing companies get bought out and compensated first for a shit ton of money.
Regardless of if you win or lose, leading up to the bubble popping, you also make a ton of money.
Tldr: As long as you’re at the top, you can’t lose during the bubble. The burst is just part of the plan.