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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* (last edited 4 months ago) (2 children)

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.

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

    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
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