More sanctions on Russia is a bad idea. I can see Trump using them as a bargaining chip but too many others are stuck in the Cold War or wanting to support the useless "allies " in Europe. If the EU/UK would stop pouring gas on the fire, an end to the war, security for Ukraine and reintegration of Russia into the world economy would be possible.
I don’t know that Uncle Sam ought to look at Altman's gift horse in the mouth. I think where he’s going is that, to the extent that AI causes job losses, putting shares into a sovereign wealth fund would offer an opportunity to provide either universal basic income or an enhanced safety net like Norway does with its oil resources. I suppose you can make the same argument for any natural resource that has a royalty arrangement, such as oil.
Interestingly, this is the same thing. Bernie Sanders wants to do except Bernie wants to confiscate 50%, and in this case, it would be a voluntary donation, which I would feel much better about and would be essentially a different means of the same end— that’s sort of a horseshoe phenomenon as we say in politics.
If earning a living gets tougher and tougher as a result of AI-caused job loss, something may have to be done.
I love your idea of taxing tokens and servers and chips and such. That’s another way to do it, but I wouldn’t necessarily see those as mutually exclusive. We may end up in a situation where the traditional free market capitalist approach to the labor market just doesn’t work anymore (on the other hand, we may not); in any case, be in any case, putting in place a more robust social safety net on the lines of the OECD peers we’ve got in Europe would diffuse a lot of the DSA agenda, which is what I see as the biggest threat to the Republic.
Government can actually be detrimental in some circumstances. I want bad companies to fail, so to make room for great ideas to prosper, especially in a new industry with many players, makes no sense.
Things the work with government ownership are money losers no company wants, roads and armies, education and electricity, foreign trade and scientific research.
While agreeing with the basic premise, I am curious about your list. Private companies have made vast fortunes on electricity and scientific research. Toll roads work as do mercenary armies. Meanwhile, governments have lost money on liquor stores and brothels. I think government stakes in business is driven more by greed (probably in the AI case) or equity( historical origin of public utilities).
Nope. Corporations are expert at hiding taxable earnings.
TSLA is still $10B shy of earning back its paid in capital, for example.
On behalf of the American taxpayer, let’s take the stock.
Put it in the High Risk part of the portfolio … in some sort of sovereign wealth fund, and include stakes in the other AI bubble companies, so there’s no danger of favoritism.
More sanctions on Russia is a bad idea. I can see Trump using them as a bargaining chip but too many others are stuck in the Cold War or wanting to support the useless "allies " in Europe. If the EU/UK would stop pouring gas on the fire, an end to the war, security for Ukraine and reintegration of Russia into the world economy would be possible.
A lot of material here, all good—thanks!
I don’t know that Uncle Sam ought to look at Altman's gift horse in the mouth. I think where he’s going is that, to the extent that AI causes job losses, putting shares into a sovereign wealth fund would offer an opportunity to provide either universal basic income or an enhanced safety net like Norway does with its oil resources. I suppose you can make the same argument for any natural resource that has a royalty arrangement, such as oil.
Interestingly, this is the same thing. Bernie Sanders wants to do except Bernie wants to confiscate 50%, and in this case, it would be a voluntary donation, which I would feel much better about and would be essentially a different means of the same end— that’s sort of a horseshoe phenomenon as we say in politics.
If earning a living gets tougher and tougher as a result of AI-caused job loss, something may have to be done.
I love your idea of taxing tokens and servers and chips and such. That’s another way to do it, but I wouldn’t necessarily see those as mutually exclusive. We may end up in a situation where the traditional free market capitalist approach to the labor market just doesn’t work anymore (on the other hand, we may not); in any case, be in any case, putting in place a more robust social safety net on the lines of the OECD peers we’ve got in Europe would diffuse a lot of the DSA agenda, which is what I see as the biggest threat to the Republic.
I wonder how much income tax Open AI had paid so far.
Government can actually be detrimental in some circumstances. I want bad companies to fail, so to make room for great ideas to prosper, especially in a new industry with many players, makes no sense.
Things the work with government ownership are money losers no company wants, roads and armies, education and electricity, foreign trade and scientific research.
While agreeing with the basic premise, I am curious about your list. Private companies have made vast fortunes on electricity and scientific research. Toll roads work as do mercenary armies. Meanwhile, governments have lost money on liquor stores and brothels. I think government stakes in business is driven more by greed (probably in the AI case) or equity( historical origin of public utilities).
Nope. Corporations are expert at hiding taxable earnings.
TSLA is still $10B shy of earning back its paid in capital, for example.
On behalf of the American taxpayer, let’s take the stock.
Put it in the High Risk part of the portfolio … in some sort of sovereign wealth fund, and include stakes in the other AI bubble companies, so there’s no danger of favoritism.