[CGMthrowaway]

>this is all downstream of structural incentives

You are mostly right and the structural incentives are more related at root to unsustainable national debt than any legislative choice (unless that's what you were referring to)

[rawgabbit]

I don’t follow your logic. The recent legislative choice by the current administration is continued tax breaks, corporate tax holidays, and capricious tariffs. There is no serious discussion about the debt.

[spwa4]

Nobody spends like republicans.

Trump increased the national debt by $7.8 trillion in his first term (rising from ~$19.9 trillion at inauguration to ~$27.75 trillion when he left office), 39% increase (more than WW2, the Manhattan project and the Moon landing combined)

Each and every US citizen will be required to pay $22,400 for the (ahem) accomplishments of Trump's first term.

So far in his second term, Trump has added $3.2 trillion so far, if you calculate by the end of his second term it will be about $8.8 trillion.

Each and every US citizen will be required to pay $25,000 for his accomplishments now.

For comparison: you owe $9,200 for Barack Obama's last term, and $20,300 for Joe Biden's term. Oh and Clinton was by far the cheapest president since WW2, increasing the debt by a measly $600 during his 2nd term.

[inigyou]

I don't see how. National debt is just a form of money-printing. And it has to equal private savings.

[amanaplanacanal]

Not necessarily local savings though. Savings from other countries works just fine.

[__MatrixMan__]

Nothing to do with poisoning the non-AI parts of the economy to drive investment in AI? Its not like this bubble was gonna blow itself.

It's clear that there's plenty of money to go around. It's just that none of it is being spent on things that improve people's lives, mostly due to corruption.

[paxys]

These problems have existed since well before AI.

[__MatrixMan__]

Sure, it's only the most recent example of how lopsided economies like ours cyclically shoot themselves in the foot.