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Interest on the national debt now costs over $1T/yr - 14% of the budget. Trump is talking about cutting social security. The reason the US economy is in a death
by HarHarVeryFunny 6mo ago
Interest on the national debt now costs over $1T/yr - 14% of the budget. Trump is talking about cutting social security. The reason the US economy is in a death spiral is because of moving jobs overseas, both physical and outsourcing. Wages that should have gone to US workers to be spent in the US economy are now being used to boost overseas economies like India instead.
"AI" is an achievement alright (so was designing a nuclear bomb), but if it is allowed to further gut the middle class, lowering wages, and hence spending (and tax receipts, to extent that matters any more) then it will only hasten the spiraling of the US economy down the toilet.
- solenoid0937 6mo agoThe way to fix that is with structural changes to society, not stopping AI.
- HarHarVeryFunny 6mo agoCompanies are going to do what it best for their quarterly results, and for the C-suites bonuses. They are going to carry on outsourcing, damaging the US, if allowed to, and will replace workers with AI too, inflicting exactly the same type of harm, if that turns out to be possible. The only way to prevent either of these is with legislation.