Imagine how different the world would be if billionaires competed to solve problems instead of competing to become richer. What a world that would be!
To be honest, I think the billionaires think they are solving problems. I also think that they believe if they had the money they could do more good with it. They are obviously wrong.
Every billionaire is also an undiagnosed narcissists with delusions of grandeur.
I had this vision of the military. Imagine a natural disaster like a tsunami is about to strike the Middle East. Here comes the carrier force and they start launching what looks like tomahawk missiles. Instead of blowing people up on the ground they open up in air and drop rafts and life preservers. The military has shown up to save countless people instead of murdering them.
National guard? I think that’s them?
Yes, along those lines only the major force(Army, Marines, Navy, Air Force, etc.) would be like a nation wide coast/national guard that goes around helping nations out in times of disasters. In-between disasters they could act like a worldwide corp of engineers improving areas that need it.
Correct (when it comes to billionaires; Sam Altman and his ilk intentionally caused the RAM shortage by buying RAM their companies are not using and should be held accountable).
Billionaires would be impossible in a properly civilised society, which would implement progressive taxes so that anyone with a wealth above, say, ten times the median wealth of the population or 25 times the wealth of the poorest person (citizen or not) in the nation (whichever’s lowest at the time) are taxed to the point that their wealth can increase no further, with the resulting income being invested on public services so that personal wealth is irrelevant except for luxury items.
Quit making perfect sense. You’re making the capitalists nervous and ruining the hopes and dreams of all the Questrader’s out there. /s
I think we should extract the water from Sam Altman’s body and use it to cool a datacenter
The blood could also replace the motor oil in my car. Use all parts of the Sam Altman.
Eat the rich.
Use all parts of the Sam Altman.
The purpose of the Nose-to-Tail approach is to show respect to the animal. Are you trying to show respect to Sam Altman?
I have a better idea, we use his joints to make collagen fleshlights
I knew there’d be folks in here claiming it’s “fake money.” They can liquidate when they want to, it’s not “fake.”
Not only is it real money when its invested, typically the rich can just borrow against those shares instead of having to liquidate anything to pay for things.
For example when they need $40b to purchase a website or media corp to use so they can have better control of the narrative, they just get a loan because everyone knows they’ll be able to make the payments, instead of selling enough shares to tank the thing that inflates their networth beyond all reason.
They can liquidate part of it. If they liquidate all of it then most will disappear into thin air.
If you’re Elon Musk and own a large part of Tesla and SpaceX and you sell all your shares, both companies crater HARD.
Just remove stock from anyone who owns over 1% of any publicly traded company and nationalize all index funds’ assets (yes, that includes retirement funds). Problem solved.
Or just cap total wealth at ~5 mill, indexed to the median income so there’s no need for legislation like with minimum wage.
They don’t even need to liquidate. They can just take a loan against it like they already do.
No
That’s the thing; the billions don’t sit in a bank account but in the
stockbetting market. They would be heavily taxed otherwise.Just tax unrealised capital gain then. A progressive tax too so small investors wouldn’t really be penalized much.
I would be ok to rent my RAM to this guy. Of course it would have a price. We are in a democracy and market is free… Right?!
This is something you can do right now. It does not benefit you.
Sam Altman doesn’t know how dumb terminals operate.
the catch is that those billions are not even real for the most part.
It’s not underused if they’re running windows with a few tabs open in chrome with sites that have similar ram usage to chatgpt… 😅
Wasted in terms of bloat maybe in some cases, but it is being “used” 😅
This is patently untrue.
Billionaires have myriad investments because, unlike us non-wealthy plebs, they have a critical mass of wealth that can easily make greater wealth by flinging it around. They rarely keep all that much in cash because cash is static and stupid to them. It’s the only money that isn’t working for them to make more.
Which is why they look down on us for chasing money needed to live and survive. Because we have to use silly pleb levels of money that we can’t even invest.
Salaries are for suckers is the phrase.
Billionaires have myriad investments because,
no they do it for the tax deductibles.
Both. It’s tax free and earns then more tax-free money.
All the incentives are there.
I disagree. No person needs so much surface to leave, people to care for their need, exceptions to the basic rules of leaving together. They can keep the money but leave in 100m2 max, buy your food, take the f…king bus.
You’re saying you disagree with what billionaires do, and not the factual statement of what they do and how they talk about us being foolish non-billionaires, right?
They are human beings. No human is an enterprise nir need so much. I’m not against who they are, I am against what they think they are.
Damn maybe unused ram really is wasted ram
deleted by creator
valid
billions sitting in billionaire bank accounts? You mean investment portfolios? You obviously don’t know wealth management :D
💯 ☝️
That’s not how net worth works. Being a billionaire != having billion $ in a bank account.
They’re still financially obese parasites whose wealth should be taxed until it doesn’t exceed a reasonable amount (say, ten times the median or 25 times the lowest, whichever comes first), though.
the lowest is zero, or very close to it.
OK, so tax anyone with more wealth than that (exponentially proportionally to the difference) and invest in services and UBI and whatnot until it raises.
the lowest will always be zero, do not doubt the capacity of individuals to become statistical outliers and spend all their money. It might be a little bit reasonable if it was set to 100x-10000x the wealth of the 99.99th percentile
Yeah, most of it is all smoke and mirrors but they all own media companies which make it seem more than it actually is.
It doesn’t state that it’s in one person’s bank account.
