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> Don't worry, once the Wall Street tap runs dry, the U.S. government will be more than happy to step in and bail out the AI corps. at the taxpayer's expense. I have a brilliant idea. Why not start this now? The US government will give every child born $1000 in money in order to hand it to the small number of families who own 70% of equities in order to purchase equities the child can't touch for 18 years. That is US Government -> child -> rich person who currently owns the equity, although the rich person gets the cash in hand the child has to wait 18 years to sell the equity. Where does the US Government get this $1000 per child from? Borrow it, adding to the $38,000,000,000,000 in national debt. Here is the interesting part of my brilliant plan. That child will inherit, calculated per capita, $111,000 in debt the moment she is born. That child will be responsible, calculated per capita, for ~$3,000 a year in interest on that debt. In order to sell the idea, every time the US Government gives $1000 to a child to purchase stocks I own, I will give $250 to another child to purchase stocks I own. Let's do the math: $1000 profit - $250 loss + $250 profit = $1000 profit. Best part is the media will run this as the leading news story for 3 days making me look like God. It is a brilliant idea. |
We could argue about the risk if things start to fail, but in an emergency the US could change its constitution and abandon its debt.