The Public Should Own Half of the Big A.I. Companies
sanders.senate.gov
The Public Should Own Half of the Big A.I. Companies
1–10 of 290 posts
Re: The Public Should Own Half of the Big A.I. Companies
#2Bernard, this may not be the best time. This market is gonna go nuclear...
Re: The Public Should Own Half of the Big A.I. Companies
#3Bernard, this may not be the best time. This market is gonna go nuclear...
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Re: The Public Should Own Half of the Big A.I. Companies
#4Strictly speaking, the big A.I. companies _want_ the public to own half of them. Passively. In index ETFs in their 401(k)s and other retirement portfolios. That way the get all the money without any of the actual influence.
Re: The Public Should Own Half of the Big A.I. Companies
#5Why half of AI and not half of Walmart & Exxon & Apple?
Government spending is already ~40% of GDP.
And what do we get with this half?
A sovereign wealth fund? That seems like a great tool for a certain corrupt politician to use as a carrot to make CEO's bend to his/her whims.
What benefit does that have for anyone else?
You can't build a sovereign wealth fund if you're transferring all the money out. That's just more government spending, not a wealth fund...
Re: The Public Should Own Half of the Big A.I. Companies
#6Strictly speaking, the big A.I. companies _want_ the public to own half of them. Passively. In index ETFs in their 401(k)s and other retirement portfolios. That way the get all the money without any of the actual influence.
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Re: The Public Should Own Half of the Big A.I. Companies
#7Wouldn't taxes give more to the public than nationalization? I'd like the benefits of Communism without the downsides.
There are efficiency benefits to the government owning stock vs. using the IRS for collection, that part I like. But I don't trust the US gov to use stock voting rights wisely.
Re: The Public Should Own Half of the Big A.I. Companies
#8As long as they're non-voting shares, I don't see the harm.
I assume not enough politicians in this senator's camp were given their early cut so this is retribution/a lesson to the abstract "Big Tech" to show that DC is still the city that rules the world.
Re: The Public Should Own Half of the Big A.I. Companies
#9Why half of AI and not half of Walmart & Exxon & Apple? Government spending is already ~40% of GDP. And what do we get with this half? A sovereign wealth fund? That seems like a great tool for a certain corrupt politician to use as a carrot to make CEO's bend to his/her whims. What benefit does that have for anyone else? You can't build a sovereign wealth fund if you're transferring all the money out. That's just mor…
Because AI companies basically took everything we ever wrote, drew, recorded, posted, or thought and turned it into a product with the power to lie, propagandize, and manipulate the public with zero oversight. Walmart is a parasite using welfare to subsidize their operations but they didn't tell a judge that they were immune to copyright because they stole just so much damn information.
Re: The Public Should Own Half of the Big A.I. Companies
#10I would prefer not to