$OSCR LOOKS PRIME

POV: You’re charging your new Ferrari Luce

This week's AI fear discussion was one of the best on the @theallinpod. It's becoming quite obvious to anyone paying attention that the labor market is about to be extremely disrupted due to AI. The reality is that the US has had a welfare system for a lot of corporate jobs. Call it Universal Corporate Income. What I mean is that medium to large, often-times super-bloated companies in lower-than-average competitive industries have typically over-hired for a lot of different roles due to a bunch of different reasons: career-builders that want a bigger team, incompetent management and leadership, pure lazyness, etc. This means that over the last decade , we've had many companies that simply have way more people than they need, but they don't really fire them because a) firing people sucks really bad and b) if the company is doing well enough, then why go through the pain of firing people? But with AI, it makes it INEVITABLE that these jobs will be entirely deleted, because a) the cost savings with AI are far too big to pass up and b) if you don't use AI and lower your costs, your competitor will, which will put you at a massive disadvantage, because then they can lower their prices without impacting their profitability relative to you. As the AI models get better, this will simply accelerate and start hitting way more industries than just coding. And honestly, this super sucks for the people impacted, because in a majority of situations, it's not their fault. They did what was expected of them. They played by the rules of the game. And they'll lose because of something outside of their control. But it is ALSO true that countless entrepreneurs & high performers at companies will harness the incredible superpower that AI gives an individual to build incredible things, both enriching their companies and themselves. HOWEVER - my gut tells me that the ratio of people that will lose their jobs vs people that will benefit because of AI will be closer to 10:1 in the short to medium term. Way more people will lose their jobs than jobs will be created in the next 5 or so years - if I were to guess. And will get even uglier once AI starts proliferating through the physical world in the form of self-driving cars, humanoids working in factories & warehouses, etc. What this means is that the Abundance Thesis - the thing that we think will happen eventually as AI becomes the foundation on which the next-gen economy gets built - needs to be proven out TODAY. It cannot wait when the ratio of job loss to job creation is likely to be violent. This is why I keep hammering on Data Center projects fully subsidizing residential electricity and water utility bills for all home owners in a Zip Code that approve the project. Or cities/municipalities that approve self-driving cars allow people living in those municipalities to ride X number of miles for free every year so getting to work every day is free. Or the US considering a UBI program partially funded by a sovereign wealth fund that invests in these AI companies. The benefit of AI needs to be felt now IMO. The current trend is that the profits are beginning to accrue - at an accelerating pace - towards those that hold the capital to deploy these AI systems. AKA the rich get richer, and the wealth gap gets worse. The longer this type of action waits (or something far better, I'm just an idiot on the internet) the higher the chance a catastrophic event brings this whole thing to a halt, and the US cedes any hopes it had to remain a Superpower to its competitors - which will result, without a shadow of a doubt, in a far worse outcome for its citizens. I hope I'm wrong, but I think we're getting too many data points.

$GME going to $18?

And this ladies and gentlemen is why I no longer pay for NBA games.

California is trying to pass a bill that would criminalize investigative journalism with misdemeanors, $10,000 fines, imprisonment, and content takedown. The proposed bill is titled AB 2624 and was made after I exposed mass fraud by immigrant groups in America. Under AB 2624, government-funded entities like the Somali “Learing” Daycare centers would be protected from being exposed if they operated inside California. The enemy truly is within. When our politicians would rather protect fraudsters and illegal migrants, it’s time for us to stand up or face mass oppression from the traitors who “rule” over us.

Omg @BITCOINFUNDMGR called me a “nobody”, like it’s an insult, and blocked me for calling out his awful predictions before and after they played out. I’m so proud of myself for making money all year AND getting blocked by a “somebody”. 🤣 $SPY

Feels better, win or lose, to do so by your own intuitions than by some other trader. #SPY

What happened to this idea, @CAgovernor?

-You are only considered an “investor” if you own over 350 homes -Corporate entities can simply create a new subsidiary to bypass the 350 limit Friendly reminder that the government thinks you’re stupid

UNPOPULAR OPINION: A lot of “mental health issues” disappear when bills are paid, rent is secure, and the fridge is full. Peace is expensive. And pretending money doesn’t affect mental health is privilege.

Is he allowing it to burn or something?

Oh my gosh!!!! How is this even allowed??? Mitch McConnell is 84 and connot complete a sentence, yet he continues to collect a paycheck? 40 year term in the $enate, this shit$how needs shut down!!!!

People work 8–10 hours a day, 5 days a week for someone else’s profit. Then they spend 4 hours at night staring at screens. Basically, living for weekends 4 weeks PTO on repeat until age 65. While the government takes 25–30% their income. And we’re told this is “normal.”

Gavin Newsom gave direct orders to his Highway Patrol to give Palisades Fire victims as many tickets as possible when they were returning to their burned out homes

Is he seriously bragging about moving 14 homeless people?! He has spent $24 Billion taxpayer dollars and there are over 187,000 homeless people in this state!

The least @Ubisoft @UbisoftSupport could do is put out a statement on the @AvatarFrontiers co-op outage, yet not a word. Never buying another Ubisoft game again.

Why is no one talking about Gavin Newsom’s state order that says “LET IT BURN” in writing and actually caused 12 people to burn alive?!?

Made by @grok Imagine

Looks like I was right about $HIMS