So we can finally tax the rich since they're not "job creators" anymore?
this post was submitted on 01 Nov 2025
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That's LITERALLY TERRORIST TALK (According to Republicans!)!
Antifa leader, clearly.
Ah ya got me!
Powell also pushed back on the idea that all that spending is amounting to another speculative bubble. He drew a clear line between today’s surge in capital expenditure and the dot-com era, noting “these companies actually have earnings.” Those projects, he said, aren’t especially sensitive to interest rates, though, since they reflect long-term bets on higher productivity.
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Remember, the industry is spending over $30 billion a month (approximately $400 billion for 2025) and only receiving a bit more than a billion a month back in revenue.
https://pracap.com/an-ai-addendum/
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Despite $30–40 billion in enterprise investment into GenAI, this report uncovers a surprising result in that 95% of organizations are getting zero return.
MIT NANDA study – The GenAI Divide: State of AI in Business 2025
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So they are firing workers, spending their reserves on data centers that wear out and deprecate fast, on a product that is failing to deliver results and the C suite thinks that this is a way to generate value... Huh?
When you put it like that... It seems bleak.
It generates value for them and the shareholders in the short term. Unfortunately that always means we get screwed.
The economy is based on the volume/speed of transactions, this is still propping up the economy.....until it doesn't.
and then, whoopsie, all the guys who shorted the economy gain (again) and the shit hits the fan all the 1% buy up the collateral damage, and you get cold ramen in your car, which is now your home.
You've made a good effort at explaining why I think that the BBA and MBA are the only worthless degrees. They do nothing but spreadsheets, networking, and patting themselves on the back.
I doubt it really has much to do with AI. The economy is in the toilet right now due to tariffs and severe mismanagement. AI is being used as a scapegoat for layoffs and unemployment.
yea its a scapegoat, to justify the lay offs. right now its being pedaled to retail so they end up with holding the bag, which will be problematic once it becomes AI USELESS, jobs will be loss in that sector.
No, it's very much both things. AI is 100% taking jobs away from people. Wake up, everyone.
This reminds me of the worst of Janet Yellen. You're going down in history with Eugene Meyer and Herbert Hoover Jpow.
even if this was true (it's not) wouldn't it behoove the federal government to regulate AI? like, maybe impose heavy taxes on companies that leverage AI and use that taxation to fund UBI?
nahhh, let's just trash the economy and obliterate the job markets.
You're almost there.
We shouldn't be taxing people for using AI. We should be taxing the wealthy because they only get wealthy by screwing everyone else over.
tax the wealthy all you want, I agree.
but tax the companies that employ AI as well.
regulate AI.
That is FED Chair for “job creation is less than zero”
American decision process: Will this make corporations richer? If yes, go ahead.
My takeaway from all this is that John Maynard Keynes' concept of money velocity is correct, except this time it's companies of one industry whipping money and future promises of money back and forth to each other.