this post was submitted on 14 Jul 2026
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Exactly ; it's not possible to seize wealth that doesn't exist. A money bubble is not wealth.
Yeah. Thats the thing about all the investment. I don't want my 401K or any of anyone's retirement invested in AI either but that's been happening since the beginning by proxy.
So now the government wants to let them gamble with my taxes too and everyone should know the plan is to leave regular people holding the bag and paying off the debt. Debt larger than most countries GDP. The rich gambled. Let them lose.
But Bernie's been advocating for this, guys! You know, Bernie! He's surely not another octogenarian career politician with a limited understanding of the tech sector!
Did you read the proposal?
I listened to a pretty comprehensive interview Bernie had regarding his proposal a few weeks ago. My big takeaway was that he fundamentally misunderstands the technology as it currently exists, and while he's skeptical of the motives of these tech CEOs, he's completely bought in on their nonsense claims of fully automating the workforce.
AKA an octogenarian suggesting legislation on a technology he doesn't understand. This is a thing that has bitten Americans in the ass countless times in the last four decades.
I wanted to make sure I wasn't talking to someone who just went off the base headlines without actually looking into the proposal first.
I don't agree with Bernie Sanders' plan. It was obvious to me when I read the first article that he doesn't understand the technology, but the more important thing is that he doesn't seem to have followed the money. The way stocks and services are being traded to inflate some companies while keeping other failing companies solvent is the whole reason this is a bubble. What the proposal doesn't seem to account for (that I've read) is that if this tech doesn't become profitable in a mainstream way the tax payers (who are already very likely to lose savings, retirement investments, and jobs) will still be on the hook for the debt and will actually see no benefit from the short term pump of the stock in these companies.
I voted for Bernie in the primary. I think he and a lot of other politicians are too old for the roles they currently hold. But if I'm honest I don't think this is just about old people not understanding tech. At least, it's not exclusively old people. There are so many people my age and younger who don't understand this tech or the economics and business practices behind it, and they are more than willing to trust it blindly.