Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?
Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.
Any wealth over 1 million should be taxed 100%, doesn’t matter the country.
With that, we can say goodbye to hundreds of problems that plague the world, including this one
My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that
If you are in my state, it’s taxed via property tax.
Yes, he pays property tax, but people are suggesting a wealth tax which would be bonkers. He would have to go back to work or seek the house
And I was suggesting that the middle class already pays a wealth tax as most of their wealth is in their home. I agree with OPs sentiment, but have it start above $5 million and have it pretty steeply progressive.
A million ain’t what it used to be. You want to retire so you need to invest. You don’t want to pass laws that make that impossible.
But if you had free healthcare, UBI, and your home is paid off, would you really need to save that much?
This platform is so incredibly out of touch with reality, especially the more left leaning side of things.
A millionaire these days just means you’ve paid off your mortgage and have a decent amount put away for retirement.
I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.
Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.
The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn’t the solution.
Oh, for sure, but I’d bet my goat that the problem would go away WELL before people started looking at single family homes actually owned by families.
That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?
Not what I said my guy.
Marx himself wrote this long ass book explaining the capitalism of his time, yet modern leftist have no interest understanding the capitalism of their time.
I don’t remember it being that big of a book.
I think all volumes of capital combined are like 1000 pages?
There’s a lot they don’t understand, to be honest.
Any middle-class person who puts their mind it it will become a millionaire. It involves living below your means, not buying cars constantly, and investing your money for decades. I can’t stress enough how big of a difference those things make.
A huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.
Millionaires shouldn’t exist.
Why would you want responsible, middle-class retirees to blow their money instead? Why would you force them into a situation where they have to rely on others in their retirement rather than living comfortably off their own hard work?
Very much so, even someone in the trades could well be a millionaire when they retire.
Any wealth over 1 million
So you don’t understand the value of money, got it. This isn’t even a decent retirement anymore. And that’s if it’s all invested assets. Not even including the absurdity of housing values these days. You can only pull 35-40k from that without hitting the principal.
You can reach 1 million in assets over a decade or so as a middle class worker.
Stop drawing your lines in the sand through your fellow workers! You kill any support you might have with this idiotic crab in a bucket mentality.
You can reach 1 million in assets over a decade or so as a middle class worker.
This might be true in a rich 1st world country. For a small subset of “middle class worker”, most live paycheck to paycheck, barely scraping by.
…yeah, this is in USD, we’re working with a specific assumption of population here. Also, definitionally, anyone barely scraped ng by is NOT middle class. That’s the entire point of the designation.
“Capitalism will ONLY work…”
It really won’t.
All of that because some richtards have too much money to burn
You can just say rich.
Damn so we really aren’t always going to have calculators :'(
Can we start to burn serverhalls?
Accidentally burns all the lemmy servers
This is the comment that got me banned from Reddit and moved to Lemmy lmao
Can we all buy cheap hardware when the bubble bursts and the billionaires decide not to pay the electricity bills for these ridiculous datacentres?
Warning: spoiler
spoiler
No
Unlike with the GPU shortage, where the cryptomining gpus could be used by regular consumers, the datacenter ram and so on is not usable on personal computers. It is all going to be e-waste, and we will still have a shortage after the bubble burst.
While it won’t be usable by consumers, lots of businesses will happily scoop up the pieces for their own servers. Not only will a ton of demand vanish, but a ton of supply appears at the same time.
Well that sucks. I assumed the ram, ssds, hdds could be recycled into useful forms.
is datacenter ram really not usable on personal PC’s? I figured it was the same as consumer ram but with ECC features, but I haven’t gone out of my way to try and buy any.
They’re using the new SOCAMM standard, which current consumer hardware can’t use.
It’s a different physical interface.
Whether it will end up coming to consumer grade motherboards… 🤷♂️
If it’s just a physical connector and doesn’t require a special CPU, then I could see motherboard makers making that switch if there’s a glut of the memory available.
man that sucks.
Yeah and the e-waste centers will clean up the hardware and resell it.
It’ll be a flood into the market. Supply and demand and all that.
Big brands already said Fuck you consumer, we’re gonna sell to the big boys.
It only saddens me that when the AI bubble bursts people will still buy stuff from the likes of Micron when they start supplying the plebes again.Don’t bank on the bubble bursting. The real customers big paying customers are not retail but governments who would like live fine tuned summaries of all their citizens. AI is a dual use technology.
Data centers will consume…
No, data centers that are slated to be built say they’ll consume. If they don’t get built because they run out of funding or the bubble bursts, then they won’t consume. They’re trying really fucking hard to make fetch happen.
They’re trying really fucking hard to make fetch happen.
Which is dumb because neofetch, fastfetch, hyfetch, and uwufetch all already exist!
You think they allow prices to go down?
Who will end up holding the bag?
Us. Like always.
Doesn’t help they literally said they would stop producing chips and that they have done so.
AI revolution is so great
I believe that if these AI hyperscaler facilities can’t get built or can’t pay their bills, the ram will likely not be usable for consumers if they get foreclosed on, since these companies are directly buying silicon wafers since it’s a cost cutting measure, so if they’re not built, most wafers could just stay like that, and if they are changed to work in their servers, I fully doubt they’ll use modules, since they could’ve just bought modules to save endless downtime before the facility actually starts making money for them.
And nobody cares enough to do anything about, not even the consumers. Meta is building a new AI and data facility larger than disney land. They have the money thanks to face book and instagram.
But you tell people, “hey if you care maybe do the simplest thing and quit using those products”, and all you get is push back. Even here on Lemmy. They would rather their lives be worse than take the slightest inconvenience.
Lemmy has, what, like 70k MAUs? If everyone here stopped using these platforms (many of which im sure already use them very minimally) it wouldn’t be a drop in the bucket of big techs user base.
My point was that you would think that Lemmy users of all people would at least be more open to dropping the big platforms. If most of the users here are pushing back, then we really are fucked.
…What forces defend these datacenters? Could a platoon of motivated civilians armed with pump action shotguns carry all the RAM out of one?
No but anyone with a a cheap vintage military rifle with 2000 yard/meter iron sights could reek havoc by lobbing a few bullets at like a mortar from extreme range. Wouldn’t do any damage but eventually someone would realize that those loud cracks are bullets and they would have to evacuate every time. It would be a massive expensive pain in the ass. That might put some cold water on the market.
They would have to start building these things inside the Nevada test range if enough people took up this new hobby.
You remember a few years ago when some random town in North Carolina made the national news because some Proud Boys shot out the substation because there was a drag show at a local downtown theater?
I’m from there.
What I learned in those four days without refrigeration or air conditioning is that substations aren’t bulletproof.
Yep, I’m from NC too. When shit gets real it’s going to be normal to not have water, power, cellphones and internet because we sold all of our critical infrastructure to parasites who extort us but won’t spend a dime on redundancy. People really underestimate how quickly and easily this country could be shut down when the critical boiling point is reached.
They use a different kind of RAM.
It’s the capacity to make RAM and the materials required to make RAM that is going to datacenters.
They use a different kind of RAM.
I probably got an adapter lying around somewhere
What’s more is they use HBM RAM, which is very complicated to build and has a much lower yield than the much-cheaper-to-make consumer ram.
So, not only are they dedicating all of their resources to billionaire assholes with fantasies of mind control over the masses, but they’re also wasting much more materials and energy to make this stupid ram.
This you? :P
Yes? Check out my posts too, lots of ai.
Do you have a point besides being a creep?
So you’re mad about computers being built to run LLMs but you use them constantly? That makes no sense.
Because we live in a binary world with nothing other than absolute polarity.
I hate LLM, i also use LLM.
How can it be true?! The hypocrisy!
So we should just straight-up vandalize them? As much property damage as possible, forget the shotguns, bring bulldozers, gasoline and road flares?
You should target their internet connection. Fiber cables are easier to damage and harder to protect. It’s also easier to fix so longer, organized campaign would be needed but I think it would be possible to avoid capture for longer.
Whose this “you” you refer to? XD
You. When you said “we should” that does kinda imply you’re willing to engage in this as well :P
Now let’s be clear here: I’m only inciting violence. My person committing violence may or may not occur, your honor/ladies and gentlemen of the jury.
Lemmy.world runs from a data center, and virtually all other instances
Oh no!
So we would not be able to have this conversation unless something more decentralized appears
It is my understanding that sh.itjust.works is hosted on hardware that is in The_Dude’s physical possession, so I think we could manage.
Except you would have only your server to talk with
Anyway…
Maybe we should manage these supply chain bottlenecks with AI.
