Yes that doesn’t happen when monopolies dominate the economy as they do in the USA. Then the monopolies just take higher margins.

Sure, that’s how it should work. But how it actually works is that Amazon pays an effective tax rate of 1.4%. Tesla pays an effective tax rate of 0%. Yes they pay no tax. Meta pays 3.6%.

The billionaires themselves pay lower tax rates than their secretaries and janitors. Both Elon Musk and Jeff Bezos have had years where they paid no tax. Larry Page and Mark Zuckerberg are paying effective tax rates around 13%.

So, yes I’d like to live in this fantasy world too. But the government can’t raise enough taxes for a UBI by taking in only a fraction of the money that they themselves give out.

Yeah we will get a UBI but they won’t pay taxes to fund it and will take jobs from the taxpayers who do pay. Same story as trickle down economics and we all know how that ended.

How exactly will two earner households become one earner households without one of the earners making double the money?

SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.

“Significant productivity in the economy is going to raise the standard of living,” he said. “People who today have two-earner households, they’ll become one-earner households. Maybe some people who are working overtime will stop working overtime.”

I fucking love it when the exact people who make it their life’s mission not to pay their employees living wages so that they can hoard wealth like an evil dragon come out and tell us that the new tech they are using to replace us will make us rich. Really fucking Jeff? How about we eat you and take it? That’s the only way I see it happening.

“Significant productivity in the economy is going to raise the standard of living,” he said. “People who today have two-earner households, they’ll become one-earner households. Maybe some people who are working overtime will stop working overtime.”

I fucking love it when the exact people who make it their life’s mission not to pay their employees living wages so that they can hoard wealth like an evil dragon come out and tell us that the new tech they are using to replace us will make us rich. Really fucking Jeff? How about we eat you and take it? That’s the only way I see it happening.

This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.

soxs Is actually traded as a normal stock- they do the shorting for you. But since it’s triple leveraged it’s very risky. If you get it wrong you lose 3x the money of a normal short. If you want to learn how to short normally (single leverage) you can ask gemini, I’ve found it to be pretty good with financial training and explaining the ins and outs of specific trading platforms. But know this. With shorting you can go past zero into debt , as a stock can go up more than 100%, so you can lose more than 100% of your money. It’s not really where you should start as a beginner. Maybe a better way to bet against AI is just to bet on old fashioned value stocks or ones paying big dividends, as they are mostly quite beaten down now.

As OP of this comment, I fully agree and strongly dissuade anyone from pursuing the ideas I am giving.

It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.

true, true

Burn it all to the ground.

Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.

If the opposing team really fucks up then maybe.

I think the only unifying theme to South Park is that everything can be funny.

I would say that generally the characters with the least power are treated in the most sympathetic way, though, and those with the most power are painted with the worst brush.

They do have a sense of good and evil, but also acknowledge that evil is often given free reign because good people have a hard time organizing and gaining consensus as to what needs to be done about it.

You’ve gotten 2 genuine real life belly laughs out of me today @The_Picard_Maneuver@lemmy.world, you’re killing it.

Love this one!

Well we all had high hopes, but if something looks too good to be true, it probably is.

Only if you’re willing to pay Putler his tribute.