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Bernie Sanders proposes bill to give the public a 50% stake in AI companies (mashable.com)
submitted 4 months ago by to c/progressivepolitics@lemmy.world
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[–] 4 points 4 months ago (5 children)

The public is going to be left holding the bag when the obvious bubble bursts regardless.

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

    Certainly, but then they would need to ask the public to pay for them while it wasn't their problem.
    That's different from suckering a part of the gulibles to buy into this disaster waiting to happen.
    Then they can blame them, markets have risks, unforeseen circumstances,etc...

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

    All you're arguing is optics, which matters for like a week in the 24 hour news cycle. I'm hearing a 100% chance to lose turning into a less than 100% chance to lose. We're already facing water and energy issues with no recourse or recompense.

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

    You're hearing it wrong.
    Did the government do anything against these companies or their data centers before?
    And do you think when that same government has 50% of it that is 'giving it to the public' as this clown claims?
    You will only lose more.
    Why do you think those AI companies all suggested the exact same Sovereign Wealth Fund plans?
    Are they known to be altruistic?
    Or is it that they are losing billions and are the extreme opposite of profitable?
    There will be no recompense, only gigantic debt, and that is the only thing that will be 'given to the public'.
    Sure Bernie the snake sell it well, but what do you think to acquire 50 percent of equity of these companies means?
    It means the government is buying that stock at the current extremely high and overvalued price.
    Why would these companies need government money if all the investors would be dying to invest in this great profitable technology?
    No, the current investors will make their huge profits from selling them to 'the public' and they will be left with nothing.
    Is 2008 too long ago? They were hyping up the market until the very last day.
    This is nothing more than an early bail out.
    And it's definitely going to work, as all the gullible Bernie clowns fall for it.
    Let me know when you get those profits OK?

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  • [–] 1 point 4 months ago* (last edited 4 months ago) (1 child)

    I'm not completely sold on it either. 2008 is at the top of my mind, which is what going to happen again if we stay this course. It's great that a representative is trying to do something that may have a snowball's chance in hell of passing in this admin before it's too late.

    Where is this Bernie the snake shit coming from? He's one of the few representatives with integrity that's consistently fought for the working class. Name 5 senators in the past 20 years you'd put above him.

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  • [–] -2 points 4 months ago

    great that a representative is trying to do something that may have a snowball’s chance

    Have you read my comment?
    It is not doing something except stiffing you with the bill.
    And it's this deceptive language and tactics that earned him the name.
    Or Bernie the Sheepdog, as he's usually called because of his gatekeeping and keeping the sheep from running away from the corporate dems, the ones he invariably supports.
    I suggest you look into him and separate his words from his actions.
    People are too trusting.
    That's all I can say about it, I have stuff to do unfortunately.

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