Take the amount of money that would be spent on a bailout. If you go ahead with the bailout, then the majority of that money goes to the wealthy because they are the ones who can afford most of those shares. Some working-class people get aided, but most of the money goes to maintain or even increase the power of the wealthy.
Now, take that same amount of money, and put it towards ACA subsidies, or any other social program that aids the working class. Now the vast majority of that money goes to those who really need it, and it lessens the pain which the working class would be burdened with following the crash.
You can put some of that money directly into useful research grants that aren’t AI related as well.
Whatever your concern is, you can spend the money directly addressing that concern with much more efficiency than a corporate bailout that benefits mostly the wealthy.
Yes. Which is why I specifically mentioned the need for grants and incentive programs to allow those companies and research groups/universities to pivot.
Because, yes, we very much need better social programs. But there are going to be a LOT of people out of jobs. And a LOT of early career/new grads who just spent the past 4-8 years of their life literally training themselves to do what the government et al demanded of them. And they’ll be shit out of luck.
All of which will very much overwhelm whatever half-assed social programs we rapidly implement.
Like… to be blunt, what you are suggesting is very comparable to the “trump healthcare plan” of giving every 2 grand and telling them to figure it out themselves. On the surface, maybe that sounds nice. But that is not much of an insurance premium and would get cleaned out the first time someone gets sick. It is not a solution.
The reality is that we desperately need actual social safety nets and we have needed them for decades at this point. But “We’ll figure something out in a few years, for real this time” doesn’t help people in even the medium term.
Okay. If we can get all of that infrastructure in place, sure.
Otherwise: A LOT of people in a LOT of industries will be suffering in the medium/long term without some form of offramp.
Okay, but hear me out.
Take the amount of money that would be spent on a bailout. If you go ahead with the bailout, then the majority of that money goes to the wealthy because they are the ones who can afford most of those shares. Some working-class people get aided, but most of the money goes to maintain or even increase the power of the wealthy.
Now, take that same amount of money, and put it towards ACA subsidies, or any other social program that aids the working class. Now the vast majority of that money goes to those who really need it, and it lessens the pain which the working class would be burdened with following the crash.
You can put some of that money directly into useful research grants that aren’t AI related as well.
Whatever your concern is, you can spend the money directly addressing that concern with much more efficiency than a corporate bailout that benefits mostly the wealthy.
Yes. Which is why I specifically mentioned the need for grants and incentive programs to allow those companies and research groups/universities to pivot.
Because, yes, we very much need better social programs. But there are going to be a LOT of people out of jobs. And a LOT of early career/new grads who just spent the past 4-8 years of their life literally training themselves to do what the government et al demanded of them. And they’ll be shit out of luck.
All of which will very much overwhelm whatever half-assed social programs we rapidly implement.
Like… to be blunt, what you are suggesting is very comparable to the “trump healthcare plan” of giving every 2 grand and telling them to figure it out themselves. On the surface, maybe that sounds nice. But that is not much of an insurance premium and would get cleaned out the first time someone gets sick. It is not a solution.
The reality is that we desperately need actual social safety nets and we have needed them for decades at this point. But “We’ll figure something out in a few years, for real this time” doesn’t help people in even the medium term.