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The Public Should Own Half of the Big A.I. Companies

sanders.senate.gov

111–120 of 290 posts

Re: The Public Should Own Half of the Big A.I. Companies

#111

Earlier quoted context omitted.

The word you're looking for is "copied". Don't fall for the great lie of intellectual "property".

If I can go to jail over it then they should too. Let's not judge them by some imaginary ideal world while judging individuals by the present crushing reality.

But you can not. At least not in US. Basically, you can not go to jail for it almost anywhere.

Re: The Public Should Own Half of the Big A.I. Companies

#112

Why 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…

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Re: The Public Should Own Half of the Big A.I. Companies

#113
post #86
post #15

Why does the public have a right to expropriate the property if AI companies specifically, as opposed to other types of companies? Just make broad rules that apply to everyone based on abstract principles. I’m fine even with very liberal economic approaches. If we want to raise corporate tax rates to 30%, fine, do that. Want to get creative? Half the equity of every company goes into a public fund. But this case by c…

The idea is that AI companies expropriated our labor to train their sloppotrons first. But given that this is Bernie, it's probably a stalking horse for future expropriations from other industries later.

What labor did any of us have to get up and go do for the AI companies?

Re: The Public Should Own Half of the Big A.I. Companies

#114
I think, up until now, no politician has campaigned on the combination of a wealth tax and a significant income tax reduction. Wealth taxes are always proposed as in addition to, rather than a replacement for, income taxes. This makes them an electoral loser. All the temporarily embarrassed millionaires and billionaires come out to rally against the wealth tax.

On the other hand if it put significant money into most people's hands...it's going to be a lot harder to fight.

Re: The Public Should Own Half of the Big A.I. Companies

#115
The public should own more than half. Via the stock market. Where public shareholders can vote in elections to control the Board of Directors, and elect Directors that act in the fiduciary interests of shareholders, and return excess capital to shareholders by issuing dividends. Where any member of the public can decide to buy or sell shares, being the most important development in the democratization of wealth development in all of human history, second only to the index fund that let members of the public put wealth development on autopilot?

When did public ownership mean that the government needed to be the owner? And when did we start to allow companies to float so few shares that public shareholder voting rights became largely meaningless?

Re: The Public Should Own Half of the Big A.I. Companies

#116

Earlier quoted context omitted.

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.

Yes but all the AI companies took all the public data, so when you pay for an AI model you are paying for the marginal service of building a model off that data, not for the data itself. What we should do is ensure that the data is available to more people to train AI models... but sadly this doesn't seem to be happening. Instead AI companies that were first-movers got to train off public data, and as the companies a…

AI companies took public, private, and copyrighted data. Your position is that because these big companies stole so much we should let them get away with it by devaluing it further so everyone can ignore intellectual property law.

Re: The Public Should Own Half of the Big A.I. Companies

#117
post #81
post #52

Earlier quoted context omitted.

The oil is on Alaska/Norway's land, so they can choose what they want to do with money from selling that oil including distributing it or purchasing assets. Sanders seem to be proposing to arbitrarily seize half of the companies.

> The oil is on Alaska/Norway's land These AI companies are on American land.

The funny thing about data is... it can move across borders a lot better than oil deposits...

Re: The Public Should Own Half of the Big A.I. Companies

#118
I love it, this is exactly the kind of thing government is meant to do, bring externalities to profit under control. There is something that's been stolen from all of us, collectively, and certain authors and artists, specifically, the creative soul we all pour into our expression, here, there, and everywhere online.

I yeeted my Reddit account as soon as I learned it was being used, without my consent, to train AI. I now have regrets, that I didn't delete all my comments there recursively first. However, because everything I posted there (and I posted quite a bit!) is part of the training data, it's interesting to know that every future AI is going to have a little bit of my resistance to authority, and lateral thinking, and just a bit of uppity in it, because of me. ;-)

So, to yank part of the profits from our stolen soul back, via a TAX, seems quite reasonable to this Citizen of the United States. No money going out, just asserting authority, and collecting something on behalf of all of us, is a brilliant strategy for offsetting part of the theft they did first.

Re: The Public Should Own Half of the Big A.I. Companies

#119
post #39

I strongly dislike the belief that people should be compensated when others find ingenious ways to profit off of publicly-available data. We live in a world where "creating value" (doing things that others find helpful) and "capturing value" (getting those people to pay you money) are two different things. If I give my mom a hug, I'm creating value, but that's not necessarily something I'm going to charge her for it.…

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Re: The Public Should Own Half of the Big A.I. Companies

#120

The public should own half of everything that Senator Sanders owns as well.

Why? He makes a compelling argument for his stance, and he is of course one man, not a business. If AI companies are going to have such a profound effect on the common man, including both you and me, then why shouldn't we have a say in how they operate? I can hardly say the same for Sanders' belongings.
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