Yes, and then it will be stuffed with ads and paywalled (or similar). Google is not your friend.
@sh.itjust.works
Tech companies don’t innovate anymore. Their Wall Street string-pullers demand reliable profit growth so they kill innovation through buyouts and are left with stale products they can only make worse and/or charge more for. Layoffs are a direct wealth transfer from working class labor to wealthy shareholders and the street rewards execs for it every time.
And if you’re thinking AI is innovative, it’s got executives in a fever pitch for the same reasons - so companies can fire expensive labor and big tech can become even more monopolistic, shove more ads, push more propaganda, and control the internet. It’s fortunate it doesn’t work that well so far. Bubble can’t pop soon enough.
Remember when Visa and Mastercard made a big deal defending the right to buy guns on their platform? https://finance.yahoo.com/...
Exactly. The ‘public services’ he wants to save is bribery to avoid paying his fair share. This guy is offering a ‘powerful people’ club membership so he can avoid giving back to a society that enabled his mindblowing fortune. Our system has gotten so used to it he’s totally good with saying it all out loud as if he’s some sort of victim.
Society’s cancer.
They make far too much money to be ‘over staffed’. They are overcommitted to billionaire shareholders. They always blame a blameless entity for shitty actions. See ‘the economy’ etc. Might as well blame the weather.
They don’t sell, they take loans instead:
At some point, one might expect that the ultrawealthy would have to sell their shares to finance their lifestyle. Do they? In selling those shares, wouldn’t they have to pay a capital gains tax?
For most of us, when we own property or stock that has increased in value, it doesn’t mean anything to us unless we sell it. But those with great wealth can access that wealth without paying taxes by simply borrowing against their assets. And that is what our richest Americans do.
Billionaires like Larry Ellison and Elon Musk borrow huge sums of money to support their lifestyle, pledging their stock as collateral. This borrowing is entirely tax-free and comes at good rates. In addition, in recent years the growth in stock value more than compensatesfor any interest that might accrue. To pay the interest and pay back the loans, they simply borrow again.
Prediction: the bubble is real but financiers will find ways to kick the bull down the road until they can force enough adoption & ad insertion to not lose out. The other option is that we pay it, of course. Takes on which is worse?
Their business model has been to undercut and extinguish their competition for as long as they’ve been around. The ‘good’ you talk about is about controlling the market and leaving you with no choice as they’ve already largely done with your ‘nicer stuff’. Workers will be shit-canned without a second thought if they realize their ai/robot dreams. Drugs will become more expensive again once they capture the market.
The world depends on everyone voting with their wallets despite the inconvenience. You don’t have to be perfect, just make some changes. Pay more and support your small local businesses whenever possible.
Billionaires like Larry Ellison and Elon Musk borrow huge sums of money to support their lifestyle, pledging their stock as collateral. This borrowing is entirely tax-free and comes at good rates. In addition, in recent years the growth in stock value more than compensatesfor any interest that might accrue. To pay the interest and pay back the loans, [they simply borrow again](https://www.sciencedirect.com/...).
thanks for using Leebra!
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