🚨 VERY IMPORTANT 🚨

We’re Pouring Trillions Into AI… But Who Wins?

I need to say something that’s been sitting heavy with me.

This year alone, $2.5 trillion is being poured into AI. That’s up 44% from last year.

Amazon, Google, Meta, and Microsoft are expected to spend $560 billion on AI.

Double what they were spending just two years ago.

Now normally, when that much capital floods into a new technology, it creates jobs. It creates growth. It creates opportunity.

But this time feels different.

Because a huge portion of that money isn’t being used to hire people.

It’s being used to replace them.

And I don’t say that dramatically — I say it realistically.

Even institutions like Goldman Sachs, the Federal Reserve Bank of St. Louis, and the Brookings Institution have openly discussed large-scale job displacement from AI.

Here’s what worries me:

What happens when we have record investment…
but fewer people earning paychecks?

If jobs shrink → spending drops.
If spending drops → revenues fall.
If revenues fall → tax income falls.

And governments are already stretched thin.

For the first time, we may be facing three things at once:

• Record capital deployment
• Broad job displacement
• Massive government debt

That combination is new.

Markets don’t seem to be pricing that risk yet. Maybe they’re right. Maybe productivity offsets it.

But maybe they’re not.

People keep mentioning automation taxes and UBI — and whether you agree with those ideas or not, the fact that they’re even being discussed at scale tells you something.

The old economic tools — rate cuts, stimulus — were built for recessions.

This feels more structural.

I’m not saying panic.

I am saying this: pay attention.

Because when capital flows this big start reshaping labor this fast, it changes more than earnings reports.

It changes lives.

And we need to talk about that part too.