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This will only end in tragedy. Greed is the defining force in society. The fear about artificial intelligence is based on realistic estimates for technological singularity. There are already platforms being created, particularly decentralized platforms, that will allow considerable processing power, and it is a race to be the first to create something viable, which only exacerbates the problems that future generations will face.
The problem with the "wealthy" is that they stole everything from the future. The future has been SEVERELY discounted. They borrow everything at these artificially low interest rates and they build gigantic monuments in their names and take and take and take and steal in a world where there are only finite resources.
Yes, this will end badly.
What do you think they will do with hundreds of millions or even billions of unemployable people?
We all answer in the end or we don't. Fear those that are powerful that believe we don't.
This will only end in tragedy. Greed is the defining force in society. The fear about artificial intelligence is based on realistic estimates for technological singularity. There are already platforms being created, particularly decentralized platforms, that will allow considerable processing power, and it is a race to be the first to create something viable, which only exacerbates the problems that future generations will face.
The problem with the "wealthy" is that they stole everything from the future. The future has been SEVERELY discounted. They borrow everything at these artificially low interest rates and they build gigantic monuments in their names and take and take and take and steal in a world where there are only finite resources.
Yes, this will end badly.
What do you think they will do with hundreds of millions or even billions of unemployable people?
We all answer in the end or we don't. Fear those that are powerful that believe we don't.
Many confuse income with wealth.
A relatively high income earner is not necessarily wealthy due to standard of living choices.
A low income earner can be wealthy by frugal living choices.
Despite the color of the state, one would think municipalities/ counties with Conservative majorities would do a better job of controlling costs. That has not been my experience.
The big tax sucker in our area is the public school district.
Well, as artificial intelligence becomes more sophisticated, there will be less incomes.
I am referring to people who control the majority of the resources and wield great influence. A person that makes $200K a year and drives a Mercedes SUV to his or her McMansion is inconsequential and will eventually, if not inevitably, be a casualty of the system.
For those who believe equities and real estate values will hold, they are clearly not paying attention. The majority of trading is algorithmic in nature, and one only has to look at past incidences such as the "flash crash" to see how reactive these trading systems are and how quickly your artificial wealth can be wiped away.
Currently, there are central banks that purchase equities, thereby, causing artificial demand. Remember, the value of the stock market is predicated only on supply and demand. How do you think those trading systems will react when demand falters?
That is just the surface of all the problems we will face in the future. The problem is that people are entitled. They are entitled to believe that they will not suffer. They believe that none of this will happen in their lifetimes. That is the core of our problems. We are selfish.
We build society not based on what we know, but what we believe we will know in the future. Many great societies have perished because they believed that technology would save them. They don't account for unknown unknowns, and in many cases, they don't have a solution for known unknowns.
This is why it's so incredibly frustrating that so many people believe the left's and MSM's manipulative lies. We would all be SO much better off if more people could actually think for themselves and verify what they're being told instead of just believing what a Dem politician or the MSM tells them.
I love the percentage game.
Someone making 30k or so pays about 1 k and has about 29k left
While someone making say 150k is paying about 16K leaving 134K
while the top1% make oh say 1 million pay out 270K leaving 730 K
an the top make a billion or so paying out 2 mill or so.
The person who feels the tax the most is the guy or girl at the bottom who have the least. The people at the top do not even feel it and spend huge sums to try and avoid paying.
Well, as artificial intelligence becomes more sophisticated, there will be less incomes.
I am referring to people who control the majority of the resources and wield great influence. A person that makes $200K a year and drives a Mercedes SUV to his or her McMansion is inconsequential and will eventually, if not inevitably, be a casualty of the system.
For those who believe equities and real estate values will hold, they are clearly not paying attention. The majority of trading is algorithmic in nature, and one only has to look at past incidences such as the "flash crash" to see how reactive these trading systems are and how quickly your artificial wealth can be wiped away.
Currently, there are central banks that purchase equities, thereby, causing artificial demand. Remember, the value of the stock market is predicated only on supply and demand. How do you think those trading systems will react when demand falters?
The stock market is only being propped up because if it crashed, it would wipe out millions of American workers' and retirees' pensions and 401Ks. American workers and retirees have $27 trillion invested in equities in their pension plans, 401Ks, IRAs, etc.
The biggest investor in the US is CalPERS, the California Public Employees' Retirement System.
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That is just the surface of all the problems we will face in the future. The problem is that people are entitled. They are entitled to believe that they will not suffer. They believe that none of this will happen in their lifetimes. That is the core of our problems. We are selfish.
We build society not based on what we know, but what we believe we will know in the future. Many great societies have perished because they believed that technology would save them. They don't account for unknown unknowns, and in many cases, they don't have a solution for known unknowns.
I agree. Many are quick to blame the "fat cats" when they don't realize their own pensions, 401Ks, IRAs, etc. ARE the "fat cats."
Someone making 30k or so pays about 1 k and has about 29k left
While someone making say 150k is paying about 16K leaving 134K
while the top1% make oh say 1 million pay out 270K leaving 730 K
an the top make a billion or so paying out 2 mill or so.
The person who feels the tax the most is the guy or girl at the bottom who have the least. The people at the top do not even feel it and spend huge sums to try and avoid paying.
Why does it matter what anyone "feels?" Why shouldn't everyone pay their fair share? Why are those who are the most productive penalized for being so?
if you voted for geroge bush you are not smart. you probably did.
do you want people to think you are a intellectual? voting for george bush doesnt persuade me
WTH are you talking about? Did you accidentally post in the wrong thread?
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