Cool. He can pay for it
How about ceo salaries, they already have enough money and the top 1%, they don’t need any more money.
Doesn’t even have to be “CEOs”. We can go to just 4 people to get a quick trillion dollars. 10 people to get $2 trillion. Seems pretty easy actually. I wonder why Larry Fink hasn’t thought of this?
Someone please shut these fear mongering scammers up, or at least stop dressing them up like experts and giving them microphones.
Great, now they want to pump people’s life savings into the bubble too.
It may happen sooner than you think too. There’s been an updated rule that is that any “megacap” stock IPO, a stock destined for a huge market capitalization on the order of a trillion dollars, such as SpaceX, OpenAI, and Anthropic, will get added to the Nasdaq 100 after just 15 days of trading. Crucially, megacaps are exempt from standard seasoning and liquidity requirements. Nasdaq also removed the 10% float requirement; so SpaceXgets on the big list with just 5% of the company on the market. Source
Banks won’t loan to them anymore citing risks.
The angel investors and hedge funds are tapped out waiting for returns that haven’t materialised.
Now… Gotta find new dumptrucks of money to set on fire and kick that market collapse down the road a bit… Why not raid the funds that people rely on for retirement?
I thought AI was generating record profits and rapid uptake? How is it that the AI companies aren’t making as much money as they lead people to believe?
… Blackrock CEO Points to Pensions and Retirement Savings
So he wants to copy China’s playbook?