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Joined 2 years ago
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Cake day: July 20th, 2023

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  • Okay, but hear me out.

    Take the amount of money that would be spent on a bailout. If you go ahead with the bailout, then the majority of that money goes to the wealthy because they are the ones who can afford most of those shares. Some working-class people get aided, but most of the money goes to maintain or even increase the power of the wealthy.

    Now, take that same amount of money, and put it towards ACA subsidies, or any other social program that aids the working class. Now the vast majority of that money goes to those who really need it, and it lessens the pain which the working class would be burdened with following the crash.

    You can put some of that money directly into useful research grants that aren’t AI related as well.

    Whatever your concern is, you can spend the money directly addressing that concern with much more efficiency than a corporate bailout that benefits mostly the wealthy.


  • You can help the people by funding social programs like social security, healthcare (medicare, medicaid, and ACA subsidies or better yet a full single-payer healthcare program), food assistance, housing assistance, education, childcare, direct monetary assistance for the working class (such as tax breaks or UBI), etc.

    You can put the people before the companies by not bailing out the shareholders of stupid investments like AI, by cracking down on labor violations and monopolies, and by seriously increasing taxes on corporations and wealthy individuals in order to fund the social safety net. Reducing spending on the military industrial complex would probably help too.

    Neither 401ks or corporate pensions are a good solution. They place a burden that should be caught by a social safety net on each individual, and further pressure each individual to engage in capitalism in order to secure their retirement, giving more power to the employers. Retirement should not be tied to employment, same as healthcare.


  • “Retirement savings” are a scam.

    They shift the social responsibility of caring for those who cannot work for pay into a personal responsibility. Retirement should not be something that you have to save for by bending over backwards for corporate overlords to get a well-paying job and putting away a tiny share of your tiny share of the profits for later. Retirement should be part of a robust social safety net. People should be cared for in their old age (and at every age) regardless of whether they would be able to earn enough wages to put away retirement savings.

    To younger generations, the idea of retirement savings is laughable. Not just because it’s so far away and it’s dubious whether society will even last that long, but because the social safety net is in such a bad state that able-bodied young people are suffering at a massive scale right now. We aren’t even earning enough to pay our cost of living, let alone retirement savings. The system is deeply broken and needs much deeper and much wider fixes than a bailout only for those lucky enough to have retirement savings in the first place. Not to mention that most of the bailout money would go to the wealthier shareholders that have more shares.

    We need the rich to be taxed much more and for money to be distributed as aid to all who need it, not just those who have retirement savings at stake.