This Bill Would Give the American People, Not Oligarchs, Control Over the Future of AI WASHINGTON, June 18 — Sen. Bernie Sanders (I-Vt.) today introduced the American AI Sovereign Wealth Fund Act to give the public a 50% ownership in the largest artificial intelligence (AI) companies in our country. “Left unchecked, Artificial Intelligence and robotics […]
This is so bizarre because with other funds, they’re done for proven profitable things. Oil in Alaska. We could have gone after all tech company stock, but Bernie Sanders only went for the unproven, unprofitable thing.
Neat. The government gets a 50% stake in only the Grok part of SpaceX, not the profitable parts of it… And then the government has an incentive to help Grok profit.
This is bad because it seems like
Elon Musk remains untaxed on the profitable parts of his company
the government is incentivized to build Grok more poison methane turbines to pump its share value
Nobody is purchasing the shares here, it’s a tax.
The “tax” is the ownership of those stocks…
This is so bizarre because with other funds, they’re done for proven profitable things. Oil in Alaska. We could have gone after all tech company stock, but Bernie Sanders only went for the unproven, unprofitable thing.
In what way is a tax a purchase? It’s ownership but not purchase.
The government, on threat of imprisonment, says give us your stock. No money changes hands, only the AI companies lose.
Neat. The government gets a 50% stake in only the Grok part of SpaceX, not the profitable parts of it… And then the government has an incentive to help Grok profit.
This is bad because it seems like