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
tax the tokens
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.
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.
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.
Add to social security so we can retire earlier than 120.
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.
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.
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…
Like that money is actually going to end up in the pockets of average Americans.
When Big Oil came to fuck Alaska they did this: https://en.wikipedia.org/wiki/Alaska_Permanent_Fund it ain’t much, but it’s better than 0.
That was done by the State of Alaska, not the Federal government.
I imagine that even if something like this was established, I imagine that a huge chunk of each dollar would disappear into the bureaucracy.
Also, given the financial issues, it may not be the cash cow everyone thinks.
even if something like this was established, I imagine that a huge chunk of each dollar would disappear into the bureaucracy.
As it does in Alaska, though some views of the situation say that that’s reducing taxes while simultaneously providing valuable services…
Also, given the financial issues, it may not be the cash cow everyone thinks.
Personally, I don’t mind Bernie’s plan: annex 51% of the company stock by imminent domain or whatever you want to call it, if it implodes there’s no real loss, but if it’s profitable then the business wizards of our government can tap the excess wealth to return to the people who provided the training for the models the buisness is based on. UBI is the politically flashy way to return the profits, but reducing taxes can have a similar effect for taxpayers - but my question is: which taxpayers need the breaks?
One aspect of capitalism that many people don’t get is that capital is only capital and not just money, because you can force people to work for you, that’s why UBI or paying people based on stock values will never be enough to get your average person out of wage slavery.
that’s why UBI … will never be enough to get your average person out of wage slavery.
Care to elaborate on that one?
It’s fundamental to capitalism
Capital is “Wealth, money, or assets used to start a business, produce goods, or invest for future growth”
Even if you don’t fully agree with the labor theory of value if you accept that it’s partially accurate, then it’s fundamental to capitalism to have a captive workforce that have to work to survive, because that’s how you turn your money into more money: https://en.wikipedia.org/wiki/Labor_theory_of_value
That’s why the development of modern capitalism was contingent on enclosing the commons and taking away people’s ability to survive without working in factories for capitalists: https://en.wikipedia.org/wiki/Enclosure#Parliamentary_inclosure_acts
And also why the myth of the tragedy of the commons was invented by a literal lord: https://inthesetimes.com/article/commons-practices-capitalism-enclosure-peasants-indigenous-collective-ownership
If you really want to get into the details Marx lays it out pretty well in Capital vol.1 (even if it’s not written in a particularly concise way and quite Eurocentric, I think this aspect is pretty well sourced and does explain how capitalism came to be in Europe pretty well).
So under a capitalist system, where capitalists & the state need your labor in order to enrich themselves, no alternative to labor is ever going to remove the requirement for people to work in order to access what they need to survive.
https://en.wikipedia.org/wiki/Capitalist_mode_of_production#Distinguishing_characteristics
