One thing that the current exorbitant investments in "AI" show is that the investor class and big tech corporations do not pay enough taxes: If you have billions to set on fire for spicy autocomplete we should take some or all of those to do something useful with.
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@tante And also shows that they have engaged in anticompetitive and monopolistic carte-like behavior. Tax them and/or break them!
@tante i disagree strongly with the term "spicy autocomplete" it tries to make this huge shockwave of LLM/ML innovation jump look like some stupid extension. please talk to people around you and on the street, ask them how they already use this stuff on a daily basis. — i agree strongly with the rest of the statement & it upsets me, that i.e. the german government does absolutely nothing to tax wealth/passive income..
@tante I mean, US tech has already a long time been about infinite money rather than competition for the best product.
Those with the most money decide what gets made today.
@tante
Adding hashtags - where's quote toot? I thought that was coming?
#EatTheRich#TaxTheRich #capitalism#AI
"One thing that the current exorbitant investments in "AI" show is that the investor class and big tech corporations do not pay enough taxes: If you have billions to set on fire for spicy autocomplete we should take some or all of those to do something useful with."
@Greengordon they come in Mastodon 4.5
@tante
Yah, very much this.
Yah, very much this.
They have too much spare money, too much idle time, and far too much belief in themselves
@tante
Yes. There is too much money and it is in the wrong hands. Thanks for the clarity. 😐
Yes. There is too much money and it is in the wrong hands. Thanks for the clarity. 😐
@tante thanks for saying it out loud.
@tante The coming economic crises will be a result of too restrictive immigration, and too much capital. https://share.libbyapp.com/title/3136142
@tante Yep. This is what happens when the sane economic organizations only have the power to influence interest rates and do quantitative easing but not levy taxes.
@tante It's *their* money, not yours. If they want it to set it on fire, it's their goddamn right. Still better than stealing it from them and then wasting it on bombs to drop on other people's heads. They already pay the majority of taxes your country collects, don't be too greedy.
@tante what taxes? - the Cantillion Effect!
@tante Paul Krugman yesterday pointed out that AI-Investment now accounts for half of economic growth in the US. Unimaginable how mouch good one could do with this amount of Money.
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