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I don’t know about this path. Rather than equity stakes, why not make companies pay ~20% of all pre-tax income to the federal government? And then instead of exercising shareholder influence, politicians and regulators could set rules on corporate conduct across industries.
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Financial Times
@FT
OpenAI proposes handing Trump administration 5% stake ft.trib.al/vSxbmZE
David Watson 🥑
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Trump’s equity stakes are a bad use of government money. Plus it creates a stock overhang by having a seller might liquidate the holding for god knows what reason. I don’t believe the gov’t can keep its hands off - meddling, picking “winners” just disrupts playing field.
i like it. and then could create an option for the public to economically participate in the success of AI companies by allowing them to directly purchase common stock on an exchange

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Joe Weisenthal
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Then it can take 'dividends' in the form of tribute from each employees salary. Could catch on.
Honestly if you really want to stop penalizing companies for hiring humans and create some "ai tax" just raise corporate tax rate and get rid of payroll taxes right
New idea. Why not let corporations pay their taxes in shares and then also let corporations write off dividends as expenses. Keep the money moving
These are very interesting ideas. Could these politicians (as you call them) maybe be selected by the people of the country intermittently so they can be held accountable?
I think they should also be forced to add said politicians and functionaries to their board.
wrong. theyll never show income because the market values them astronomically w/out respect to actual realworld prospects. so distribute SHARES instead. and not to the govt which will simply hoard and misuse. distribute to every US citizen
joe, you're usually pretty on point. "i don't know about this path" is some half-measure bullshit. just say it. just say the words: "this is the most blatantly obviously corrupt administration in american history". be honest.
Indeed. The public shouldn’t have a “stake” in the exploitation of labor & the diminishment of our faculties. We do, on the other hand, have a huge interest in preventing AI companies from engaging in dangerous & exploitative practices that erode our consent, cognition & agency.
You want to add a tax to pre-tax income? What kind of marvelous mind came up with the idea to add a tax before tax and not call it a tax?
putting party cadres on the board seems to be working well in certain places (...it will not work in the USA though)
Because equity stakes make oligarchs more rich and the general public worse off, which is the main goal, while taxes do the opposite.
1. you can always play funny games with income 2. even then, these are capex heavy companies that probably won’t see income for years 3. LLM’s input is all of humanity’s output so the gains should be socialized
It always seemed to me that if labor displacement happened the most practical solution was something like a VAT, as much as I dislike the idea.