check my math:
0.5 x 0 = 0
ai doesn’t make money so this is a bailout for a piece of junk. the amount of people here that think this will work out is fuckin incredible.
Nothing in the legislation reads as a bailout, the government would unilaterally take 50% stake and the associated voting power. The American public is no worse off if it doesn’t turn a profit or gets liquidated.
The bailout would happen when the conservative vultures circle. “We can’t let them fail, that would devalue the American portfolio (never mind that this bailout is 2x any value that could ever be gained back)”
Just ban running them on a loss. Maybe even ban running anything at a loss in order to curb competition, etc.
Kurt Vonnegut’s “Player piano” nailed it in 1952:
Automation makes factories more efficient, tax that efficiency and give it back to the displaced workers.
Of course, since then, we’ve been doing nothing but lowering corporate taxes…
I wonder if this is some sneaky way to make sure they aren’t bailed out by the public when the crash happens. The companies will revolt against this. And then when they coming running for a bailout we can just say “well you didn’t want to be publicly owned”
Tax the tokens
Every country
Every token
100% AI Tax
To give the government a 50% stake. I know the government is the public in some sense, but still.
cool so the dems have the mind virus too, yah yall are fucked
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Who would vote for it other than Sanders?
Dems are as deep in the tank for the AI companies as any Republican.
50% seems very low. They created these companies by scraping and pirating information.
50% means that they just need to fool a few people to get what they want. Imo it should be more like 90% public with a requirement that all services must be provided for free.
When I found out what it meant when other countries have sovereign wealth funds…
I have no idea how most people in America keep convincing themselves they’ve somehow got a good deal.
How about a 50% stake in all companies valued over 5 billionaire dollars.
Pretty horseshit to act like they trained AI on only American data so only Americans should benefit.
What about the literal entire rest of the world? They get nothing right?
Just another example of America exploiting the world for their own benefit. Even the good ones are so corrupted by their system that they do it without realizing.
50% too low.
The biggest flaw, aside from it having to succeed in our corporate owned Congress, is that it would require these companies to actually make money, and based on the technology we have today, that seems unlikely to happen anytime in the next decade. At least not without some major technological breakthrough. But it’s better than nothing I suppose.
I see what you’re going for, but… No thanks.
This kind of bill is the only way we ever get any kind of UBI and the closest thing to taxes these companies ever pay.
