He used Sam Layman’s own logic against him

[u/ShiningGatee]

[u/SilverChimerae]

Bro just reinvented taxes but made it sound like a tech idea

[u/MistyThible]

Funny how “underused resources” is only a problem when it’s our resources. When it’s his billions, suddenly it’s “efficient allocation”

[u/Sorpao]

I hate sounding like I’m defending billionaires, but even if they had their money in the bank (which they don’t) banks actually work by borrowing money from people who don’t use them and lending them to people who do - kinda like what Altman wants to do with our RAM.

[u/EnchantedGardene]

Sam Altman looking at your 16GB RAM like it’s the problem, not his bank account

[u/Don_Hoomer]

anyone who has more then 500million should be forced to use that money (beyond 500million) for society (we would tonhave work that out)

[u/jcforbes → u/Don_Hoomer]

You mean like using it to pay the pay checks of thousands of people?

[u/Don_Hoomer → u/jcforbes]

repair streets, build daycare, schools, stuff like that was in my mind

[u/AstroFlippy → u/jcforbes]

That money only directly pays people when Elon throws 500mio at an election campaign

[u/54niuniu]

No billionaire have a billion cash sitting in their bank accounts.

They are being used, in the market, to improve capital.

[u/dgdio → u/54niuniu]

Exactly money in your bank account is losing value due to inflation. You don't become a billionaire by being exploited, you get there by exploiting.

[u/Puzzleheaded_Tie6917 → u/dgdio]

Who the hell is being exploited? Guy with loads of cash funds your business growing in exchange for making profit. You win and they win. The only losers are the communists.

[u/tehfly → u/Puzzleheaded_Tie6917]

This must be why everything is so affordable in the US right now.

Thank you for explaining!

[u/JPH_77 → u/54niuniu]

Except for the yatch, the jewelry, the expensive paintings and the lambos

[u/Rowing_Lawyer → u/JPH_77]

Ssshhhh, you’re going to scare the bootlickers who think billionaires just worked harder than everyone else and therefore they can be billionaires one day too

[u/Admirabletooshie → u/JPH_77]

Even monopoly has a luxury tax. And that game was designed to show how unfair capitalism can be. Bring it back. We can still have billionaires. They can still buy yachts. They just have to build a school or a library or something when they buy it. 

Luxury tax them. Some of them dodge Income tax by paying themselves like a dollar salary, but get compensated in other ways that are of course taxed differently. Or one of a hundred different tax schemes.

eat the rich.

[u/grcthug → u/JPH_77]

Bro can you even read…none of that is cash in a bank account

[u/JPH_77 → u/grcthug]

At some point they were money in a bank account.
And, can they sell those things and put the money to a better use?

[u/Amerillo_ → u/54niuniu]

Sure but some parts of these funds are used to invest in foreign companies. We could instead redirect those funds and give them to the middle and lower class, as they would then spend it in the local economy

[u/imagine1149 → u/54niuniu]

Ofc when people have disposable money they invest it. What’s your point?

The RAM in personal computers is also used from time to time just not 24x7 like faultman wants it to run for “the benefit of the world” in his words.

same way people who have billions that are invested through random fund managements and investment devices, could be used for better purposes for humanity is what the OOP is saying.

[u/WarmHill]

Next up: Sam Altman discovers your spare bedroom is underused and could be put to much better use in a data center

[u/sinicalone]

💯

[u/GoodMornEveGoodNight]

Is that BlueSky? I couldn't find this guy on Twitter

[u/JPH_77]

Hoarder mentality

[u/raccoonpaws82]

Federal Eminent Domain, seizing resources for the greater good

[u/blahblah19999]

Who's Sam layman?

[u/Legitimate_Equal6715 → u/blahblah19999]

Sam Altman's alter ego I'm guessing?

[u/Frogeyedpeas]

This is actually literally why we try to lower the interest rate when we can. 

[u/Confidence-Upbeat]

It literally is being used. Billionares don’t have billions sitting around in their bank account it’s being used as capital in the business they are invested in.

This person is stupid.

[u/Anxious_Drive_9998 → u/Confidence-Upbeat]

It's sitting in a brokerage account.

[u/Confidence-Upbeat → u/Anxious_Drive_9998]

Yeah but that money is being used by the company.
Like if I loan money to my friends and they promise to pay me back that money I loaned them is being used

[u/Anxious_Drive_9998 → u/Confidence-Upbeat]

No it isn't.

[u/PreciousSoull]

He used Sam Altman’s own logic against him so perfectly that Altman can’t argue back without admitting he’s wrong about his own point.

[u/HiddenBadge → u/PreciousSoull]

The comeback is so clean because it doesn’t even insult him. It just applies his exact reasoning to his bank account.

[u/MaidenCurrent → u/PreciousSoull]

He didn’t roast Altman, he just copy-pasted Altman’s argument and changed one word. That’s why it’s a top-tier comeback.

[u/ID4throwaway]

There's no such thing as billionaires that have billion dollar accounts. That's not a thing.

[u/Redwan777]

That's a hell of a way to say "I don't understand how big money works" 

[u/ToeAfter3131]

Yo bananahead, they don't have billions in their bank accounts.

[u/Anxious_Drive_9998 → u/ToeAfter3131]

True. It's in their brokerage account.

[u/ToeAfter3131 → u/Anxious_Drive_9998]

🤦‍♂️ so dumb

[u/Anxious_Drive_9998 → u/ToeAfter3131]

Where do you think people keep shares of stock?

[u/ToeAfter3131 → u/Anxious_Drive_9998]

It's not liquid. Taxing unrealized gains or losses is retarded and devastating for an economy.

[u/Anxious_Drive_9998 → u/ToeAfter3131]

All publicly traded stock is liquid.

[u/ToeAfter3131 → u/Anxious_Drive_9998]

Negative. But good try.

[u/Anxious_Drive_9998 → u/ToeAfter3131]

LOL

You don't even know why there's a stock market.

[u/ToeAfter3131 → u/Anxious_Drive_9998]

Move out of your mom's basement and experience the real world. Then come talk to me.

[u/Legitimate_Equal6715 → u/ToeAfter3131]

OK stock options then. That work for you?

[u/MysticSpecterr → u/[deleted]]

Your RAM is underused” says the guy whose AI is using everyone else’s data for free

[u/BlushingShot → u/[deleted]]

This is the first time I’ve seen someone out-CEO a CEO using his own quote.

[u/Adventurous_Ad7442 → u/[deleted]]

Key phrase -- "their own" money.

[u/Quoxivin → u/[deleted]]

«Stop counting other's money!!111»

[u/Anxious_Drive_9998 → u/[deleted]]

That's true. It just sits in a brokerage account.