this post was submitted on 07 Nov 2026
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Fuck AI
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"We did it, Patrick! We made a technological breakthrough!"
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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don't think you fully understand how retirement savings work...
Or I live in a different country with different pensions. Here the government pays for it from general taxation and its pretty generous.
Honestly could argue its too much, if you have used your working years to buy a house you are probably going to be better off than a minimum wage worker. Calculated it based on my mortgage rate, minimum wage and pension a couple of years ago anyway.
Are you positive that all annual payouts are funded by that year's taxes, and it's not a fund invested to grow while the money sits in it?
Not saying it's impossible, but it's not very common. And is even more susceptible to baby boomer effects than the US fund.
I mean "that year's taxes" is dubious given state borrowing in many countries. But the government pay for it.
Private pensions might get fucked, but they still get the state pension. So... Oh no, you might not be quite as better off as you hoped? Hard to care too much.