[danielovichdk]

I think the US is in such a fucked up place economically, that the stock market is so overheated and will cause grave inflation, but it's the only lever left to pull for the government, that it will cause havoc within the next 10 years.

SpaceX or any of AI companies for that matter is absolutely not worth their money, but they will be carried through by government legislation, because otherwise the economy will be fucked for the US.

SpaceX ... 4.3 trillion...what the fuck are you on about

[Havoc]

> otherwise the economy will be fucked for the US.

There is no „for the US“ here. If the US blows up everything does. Even the broadest of World ETFs are super US heavy

[scottyah]

I mean, the entire predicted value that the company will be worth is like 6mo of the US budget (>$7 Trillion per year). I don't think that's all that much, even if they accomplish half of what they're all trying to do.

The economy is already F'd because so few people are actually working productively- it's been a laptop-class driven economy since the 80s.

[samtp]

You don't think one company being worth half a year of the biggest country in the world's budget is all that much?

Hard to know how to where to go from there because I find that quite insane.

[scottyah]

You must be for extremely large government or very small companies. Governments aren't designed to be economic entities- they use pooled resources and redistribute but it's not like they're in the game to be profitable and expand. When the colonies got in an uproar over "taxation without representation" they were paying 1-1.5% income tax. I get that politicians need to be paid, the military needs funding, and some pooled resources at the federal level make sense over state and municipal, but the idea that an entity whose primary responsibility is to settle disputes and offer protection needs more money per year than the future forecasted sum of lifetime earnings of large swaths of workers who are literally doing the work to expand the economy to me is crazy.