As many commenters have pointed out, a lot of that wealth will disappear into the grubby hands of private-equity-owned assisted living facilities and nursing homes.

Yeah that's awful. I can only hope most of those people can afford a full time or live-in nurse. Are we suggesting they should take the Canadian MAID option?

You're being sarcastic when the alternative can be a more reasonable retirement option

Well if we are going the MAID option then along the path of your idea I suggest all the other burdens go with them. Anyone on welfare, SNAP and similar programs, etc... Anyone part of the recent floods into the country that are also on welfare, especially groups that have brought violent tribal blood feuds. All violent felons that are just going to sit in prison and milk the taxes. All the rioters that cause damages to property. Anyone that has not assimilated to the countries culture. Actually I could make a really long list the more I think about it. This should be a blog write-up. Thank-you for inspiring the ideas.

What do you mean by that?

So today you open a savings account, put money there every month of your life, and in 50 years someone takes it away and gives you a more "reasonable option"?

I'd have said ghouls. At least vampires are sexy...

These are Count Orlock style vampires, not Lestat and Louis.

Hopefully that EVP feels embarrassed that a big bet was made that not only didn't pay off but left the company in a worse position. Some schadenfreude may be all you can expect, since this is an executive.

You talk about that like it's a problem...

> I never connect my smart TVs to the network, I just plug in my Apple TV and move on.

You're not alone.

"We don't want you here" sounds like a perfectly good reason to me.

Every developer has had this fight with management and most lose.

This is the funniest thing I've read all week.

"much more demand than supply"? Demand from who?

The demand from middle managers trying to replace their dev teams with Claude Code, mainly.

Someone in management read and misunderstood "The Velocity of Money" (https://en.wikipedia.org/wiki/Velocity_of_money)?

Or understood way too well. I promise it isn't Altman that will be left destroyed or jobless if this crashes.

You're absolutely joking if you don't think when this goes to crap Microsoft won't hoover up more share of OpenAI.

I wouldn't be surprised if they're banking long-term on its failure and got in early so they had equity preference.