That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

  • Thorny_Insight@lemm.eeEnglish
    78·
    3 months ago

    What’s the problem? They put the money back into circulation. That’s a good thing, no?

    • tmcgh@lemm.eeEnglish
      1·
      3 months ago

      The problem is that it is just poor money management. He could’ve been set for life. Put that into an index or S&P500 and get 10% every year. That’s 70k and he wouldn’t even have to work. If you took that 70k and invested back into the fund, you can double your money in about 7 years, assuming 10% returns.

      • Thorny_Insight@lemm.eeEnglish
        2·
        3 months ago

        Yeah I agree. That’s what I would’ve done. You saying that wealth is wasted just made it sound like the money dissapeared somehow. He wasted his chance on financial independence, sure, but that’s not away from the rest of us.