cross-posted from: https://piefed.world/c/tech/p/1261690/a-majority-of-americans-now-support-seizing-wealth-from-ai-industry
While 89% back mandatory safety disclosures, nearly 70% support requiring AI firms to transfer 50% of their stock to a public fund
Look if we start taking money back from obvious scams that are ripping us off, where do we stop? Vulture Capitalist firms? BlackRock? All landlords?
Hey now, don’t threaten me with a good time!
That’s the neat part, we don’t!
Vulture Capitalist firms? BlackRock? All landlords?
Go on…
ISPs, Pharmaceuticals, hospitals, railways…
Fuck this.
Fuck. This.
The last thing I want is forcing my money into an OpenAI/Anthropic investment at the peak of their bubble. Don’t listen to any of this, its all part of the con, to keep their scheme going and leave the public holding the bag.
Yep. We’d just be solidifying the base of this whole pyramid scheme with our tax dollars.
And when the bubble pops, the handful of people at the top will have fucked off their trillions, and the rest of us will deal with the consequences.
It doesn’t have wealth. It has debt.
Exactly ; it’s not possible to seize wealth that doesn’t exist. A money bubble is not wealth.
Yeah. Thats the thing about all the investment. I don’t want my 401K or any of anyone’s retirement invested in AI either but that’s been happening since the beginning by proxy.
So now the government wants to let them gamble with my taxes too and everyone should know the plan is to leave regular people holding the bag and paying off the debt. Debt larger than most countries GDP. The rich gambled. Let them lose.
But Bernie’s been advocating for this, guys! You know, Bernie! He’s surely not another octogenarian career politician with a limited understanding of the tech sector!
Did you read the proposal?
I listened to a pretty comprehensive interview Bernie had regarding his proposal a few weeks ago. My big takeaway was that he fundamentally misunderstands the technology as it currently exists, and while he’s skeptical of the motives of these tech CEOs, he’s completely bought in on their nonsense claims of fully automating the workforce.
AKA an octogenarian suggesting legislation on a technology he doesn’t understand. This is a thing that has bitten Americans in the ass countless times in the last four decades.
I wanted to make sure I wasn’t talking to someone who just went off the base headlines without actually looking into the proposal first.
I don’t agree with Bernie Sanders’ plan. It was obvious to me when I read the first article that he doesn’t understand the technology, but the more important thing is that he doesn’t seem to have followed the money. The way stocks and services are being traded to inflate some companies while keeping other failing companies solvent is the whole reason this is a bubble. What the proposal doesn’t seem to account for (that I’ve read) is that if this tech doesn’t become profitable in a mainstream way the tax payers (who are already very likely to lose savings, retirement investments, and jobs) will still be on the hook for the debt and will actually see no benefit from the short term pump of the stock in these companies.
I voted for Bernie in the primary. I think he and a lot of other politicians are too old for the roles they currently hold. But if I’m honest I don’t think this is just about old people not understanding tech. At least, it’s not exclusively old people. There are so many people my age and younger who don’t understand this tech or the economics and business practices behind it, and they are more than willing to trust it blindly.
if this doesn’t become profitable in a mainstream way
This is exactly what I meant by Bernie being caught up in tech CEO bluster. He can’t imagine that this shit doesn’t change the world in monumental and lucrative ways. He’s talked about how the tech people he’s spoken to don’t like his proposal because they don’t want to share the profits, but I haven’t seen any CEO make public comments one way or the other. With everyone involved knowing it’s a bubble, I’m sure they secretly love to insure their investments with public money. They just can’t say it out loud or the bubble might pop early.
And, yes, people of every age are tech illiterate. But overwhelmingly the elderly are the people crafting legislation about tech. Old age is heavily associated with cognitive decline, which makes it harder to understand, examine, and interrogate unfamiliar ideas, such as “AI” or “Whatever the Fuck Private Equity is Doing Right Now.” Bernie’s a smart guy, and it seems like he’s still sharper than a lot of his contemporaries, but you can’t fight nature. I’d rather see him cosponsor legislation with a younger senator and mentor the next generation of congress, instead of hanging on to the bitter end and giving us half-baked policy like this.
No please don’t. We will get 0% of the profits and 100% of the debt/consequences slowly paid out to mystery accounts with taxes that could have been spent on proper heathcare 100 times over.
Transferring half of Grok to a public wealth fund will just create a government-powered incentive to keep developing Grok until it’s actually profitable for Elon Musk.
tax the tokens
Make them pay proper taxes and force this race to burn money (to “win” at AI and take it all, supposedly) at everyone else’s expense into the league of millions, not billions.
Add to social security so we can retire earlier than 120.
On the stock thing, maybe wait until after the AI bubble bursts and half them go bankrupt.
I’d rather have clean air and water. If ai is harming the environment and the health of the people around it, then it’s cheaper on the government to get rid of AI than deal with the health issues. It’s not that hard.
Part of Universal Healthcare is making sure corporations are not poisoning the people.
