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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund (www.sanders.senate.gov)
submitted 4 months ago by to c/technology@lemmy.world
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[+] -7 points 4 months ago (15 children)

man, bernie needs to hang it up, he's drinking the kool aid

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  • [–] 22 points 4 months ago (5 children)

    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.

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  • [–] -1 points 4 months ago (2 children)

    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.

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  • [–] 0 points 4 months ago (1 child)

    It's giving the government controlling ownership of the company.

    They're saying the values of the seized shares would be $7T

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  • [+] 11 points 4 months ago (8 children)
    [deleted]
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  • [–] 4 points 4 months ago* (last edited 4 months ago) (7 children)

    He's calling for a group under the current US president to have 50% of the stock of the AI companies... And only the AI (read: no-path-to-profit) part of those companies.

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  • [+] 4 points 4 months ago (6 children)
    [deleted]
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  • [–] 3 points 4 months ago* (5 children)

    Is it normal to exclude the profitable part of the company?

    I am very worried about this because AI lobbyists have done a great job of pushing politicians around. Bernie Sanders himself has accepted Eli Yudkowski, an AI doom cult leader, as a reputable source.

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  • [+] 3 points 4 months ago (4 children)
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  • [–] 0 points 4 months ago (3 children)

    A 50% government ownership in only the AI portion of company shares, you mean?

    Wouldn't the Trump administration then have an interest in making the share value go up for those companies?

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  • [+] 6 points 4 months ago (2 children)
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  • [–] 1 point 4 months ago*

    Profit motives tend to do bad things. Like the poison emissions caused by Grok data centers. Like the 2000 missiles launched with it too - remember those?

    Why do you want the Trump administration to help Elon Musk make more profit all of a sudden?

    Why are you painting that as a good thing?

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