• DarkCloud@lemmy.world
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    4 hours ago

    He wants to take 7 trillion dollars from AI companies. That’s what a sovereign wealth fund is, it’s when you take profits from a source, and store it to use on things like health care, wellfare, pensions, public transport, housing, infrastructure, ect.

    • dhork@lemmy.world
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      4 hours ago

      Lol, good one, who actually thinks AI companies are profitable?

    • XLE@piefed.social
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      4 hours ago

      The page says it’s a one-time tax… so which AI companies have that?

      I would like to know how much would actually be in that fun right away rather than what it could maybe be. Valuations are skewed. We know this. Just look at WeWork.