Economic and political uncertainty will do that. And it’s going to get a lot worse.
Save your money now; you will need it later.
Political Economy
Headkeeping
This is akin to Warren Buffet’s (correct) contention that the most important task is to survive in the market, not necessarily to make the most profit possible.
That’s how I’ve always done it.
Off Way
It’ll be 2-3x that at least. That’s way off.
Massive Passive
The economists are lying to all of us about AI. There will be massive job loss because of it. It’s already happening.
Econs have to prevaricate, dissimulate and fabricate. Being professional liars is what most of them do. It’s their entire purpose in life. Most of them would not have jobs otherwise.
Cringe Lie
This is cringe-worthy economist lying here. Displacement and job loss from AI didn’t really start in earnest until the second half of 2025.
Why do they do this shit?
Been Caught Lyin’
Basically (but unsurprisingly), economists have been lying about immigration and its economic “benefit.”
Charge Up
That’s been a big change everywhere in my lifetime, the hidden fees and predatory up-charges that are pervasive in every industry.
Let’s use her example, ice cream. Back in the 1980s it was like a $1 for a cone. For that, you could get any kind of cone you wanted — waffle or plain — and usually a topping of some kind. No up-charge.
Now nearly everything is extra, often even with a hidden but mandatory gratuity on top of the normal tip as well as some BS “service fee.” All of this should just be banned, IMO.
The AI Risk
The risk of AI is not that it doesn’t work. It already does, no matter what the BlueSky clowns claim.
The risk is that it eliminates jobs and funnels even more money to the rich while creating a permanent underclass of former white-collar professionals.
Unlike what economists believe, those people won’t find any other roles as anything else they could do can be performed better and vastly faster by AI. And no one seems to be dealing with this fact at all in any credible way.
Maytagged
Part of it is clownery, but part of it is understandable: a lot of people realize they will be out on the street if (now it looks like when) AI is able to do their jobs.
A large part of the left just wishes to take things away from people with no other goal at all, though. They just enjoy it and would do it regardless.
Ghosting
Anyone who believes that is smoking crack. Companies post something like 40% ghost jobs now. That number is just bunk.
All Home
Good. Deny every single H1B application; send them all home.
Never Would
But, but, but…I was just reading the other day how economists were 100% certain AI was having no effect on the economy and probably never would.
LOL.
Of course it is having an effect. And it’s going to increase a whole lot. It’s painful to be surrounded by clown idiots.
Capital Flapital
Tax on unrealized capital gains strongly disincentivizes investment in a way that will actually (which doesn’t happen in most other scenarios where fear-mongering occurs) trigger capital flight and is guaranteed to eviscerate the productive industry of any country that implements it.
This is simply not the way you do what they are attempting. A better proposal is that more shares (voting and non) be allocated to the lower tiers of a company. For one. There are others. But this is about the worst possible thing you could do to make yourselves and your progeny poor.
No Clarity
Tell me you don’t work a corporate job without telling me you don’t work a corporate job.
The essay is bad and wrong. And you’re wrong too, of course.
AI is going to lead to massive job losses. It’s already happening. You just do not understand how MBA types think and work.
Decline But One Line
That is very bad.