It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

  • Peddlephile@lemm.ee
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    2
    ·
    10 months ago

    So, how do we engineer a situation in which the richest suffer most? End of capitalism?

    • dack@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      10 months ago

      Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

      • iByteABit [he/him]@lemm.ee
        link
        fedilink
        English
        arrow-up
        3
        ·
        10 months ago

        If they haven’t done all this until now, what makes you think they’ll do it then?

        The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.

    • KidnappedByKitties@lemm.ee
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      2
      ·
      10 months ago

      Historically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.

      • GeekyNerdyNerd@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        10 months ago

        The luddites failed and the French revolutions ended poorly for everyone. Not exactly the best examples to draw from if you are trying to encourage violent rebellion.

          • GeekyNerdyNerd@sh.itjust.works
            link
            fedilink
            English
            arrow-up
            1
            ·
            10 months ago

            I’m not encouraging violent rebellion,

            Ok good.

            I’m simply saying the powerful have historically only ever been checked by property damage, terror, and blood, or at least fear thereof.

            Nevermind. You just did an immediate 180.