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"I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America.
This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people."
By: Sen. Sanders; New York Times Artificial intelligence will almost certainly be the most transformational technology in the history of the world. It will profoundly affect the life of every man, woman and child in our country. It will bring — and is already bringing — unimaginable changes to...
So... about 130 million Americans have their retirement funds in 401K, IRA, Roth, and HR-10 plans, usually with a significant fraction invested in S&P500 index funds (and many others), which have trillions of dollars worth of these stocks that would be taxed at 50%. I'm thinking there will be some pushback about that.
I'm glad Sanders proposed this, and hope that all of his high profile progressive friends in Congress and state governments get on board. It might finally be the end of their careers. Other idiotic economic ideas they come up with, like wealth taxes or unrealized gains taxes, don't hit such a broad cross-section of people so hard, but this one will. Thank you, Bernie, for being so profoundly stupid.
Why not 100% share of bank ?
Bank is much more important than AI .
China gives the public a 100% ownership stake in the largest bank companies in China.
www.sanders.senate.gov