Re:The Young, Inexperienced Engineers Aiding Elon Musk’s Gov...
by carlosjobim on Monday February 03, 2025 @05:15PM
(#42924034)
It's institutions who are investing on behalf of their elderly clients (for example pension funds and such).
That 100% return is guaranteed by the whip that the government so willingly cracks over the backs of productive young people. Why would it be in the interest of the non-entitled to have a government which keeps swinging that whip? To guarantee the investments of the elderly who only have bottomless hate towards the young?
Turns out that having a 100% guaranteed return is attractive to a lot of large-scale investors, even if the yields don't make the money machine go brrr.
This is one thing that worries me about the current administration. A lot of trust is built on the fact that the US gov't has never defaulted on a debt in its history. I feel like some people don't place enough weight into what that really means for both ourselves and the world.