Ok so uh… that’s a fucking AWFUL idea. That’s an excellent way to just hand our taxpayer dollars to the LLM fuckwits and watch it evaporate. This is, without exaggeration, perhaps the worst idea I’ve ever heard out of Sanders.
Ok looks like I get to do this again on another thread.
Bernie is proposing the goverment seize half the equity, half the stock shares in these companies.
As in, no compensation, nationalize half the stake in these companies.
No public investment, the government would just do the equivalent of a stock split except half of the split stocks become government property.
Again, no public/government money would be used to purchase these shares, they would be seized.
Everybody calling this a bailout, the worst idea ever, is just showing that they either didn’t read the article or didn’t understsnd the words it used.
Fair point - but at the same time, in the US, as much as I wish it were not the case, outright seizure of corporate assets outside of flagrant criminal abuse is simply a non-starter. And even then, it often ends up being a non-starter. Sure, they may be forced into bankruptcy, but the government generally never does an actual takeover of a company, because tHaT’s cOMmUniSm. And there are a number of companies that deeply deserve to be taken into custody by the state, at either the federal or state level (PG&E immediately comes to mind).
How would this hand over taxpayer dollars? The 50% stake would come from a one-time tax on stock that hands over that stake; it doesn’t call for forcing the companies to sell to the government.
I guess you weren’t around for the bailouts that happened during the 08 recession, because exactly zero corps who got bailed out are even fractionally owned by the public.
GM was for a while, but good point. The US won’t own the AI companies, but the people will have the privilege of giving them gobs of money and having nothing to show for it, other than another billionaire getting away with unlimited fraud. I remember ‘08 very well, thanks for the reminder.
Ok so uh… that’s a fucking AWFUL idea. That’s an excellent way to just hand our taxpayer dollars to the LLM fuckwits and watch it evaporate. This is, without exaggeration, perhaps the worst idea I’ve ever heard out of Sanders.
Ok looks like I get to do this again on another thread.
Bernie is proposing the goverment seize half the equity, half the stock shares in these companies.
As in, no compensation, nationalize half the stake in these companies.
No public investment, the government would just do the equivalent of a stock split except half of the split stocks become government property.
Again, no public/government money would be used to purchase these shares, they would be seized.
Everybody calling this a bailout, the worst idea ever, is just showing that they either didn’t read the article or didn’t understsnd the words it used.
lol murdered em with that one
Yeah, most people can read through simple typos and understand them correctly.
Fair point - but at the same time, in the US, as much as I wish it were not the case, outright seizure of corporate assets outside of flagrant criminal abuse is simply a non-starter. And even then, it often ends up being a non-starter. Sure, they may be forced into bankruptcy, but the government generally never does an actual takeover of a company, because tHaT’s cOMmUniSm. And there are a number of companies that deeply deserve to be taken into custody by the state, at either the federal or state level (PG&E immediately comes to mind).
So your stance is ‘this is bad because other people wont go for it’ and ‘but also there are some other companies/organizations this should happen to’.
… ?
I say maybe the government ‘doing a communism’ in the colloquial, horrendously innacurate sense of the word, is infact exactly what we need.
I don’t care that other people get the ick from this.
I get the ick from corporations fiscally and environmentally raping us all to death.
You want a New, New Deal?
This is approximately what that would look like, at least a part of it.
How would this hand over taxpayer dollars? The 50% stake would come from a one-time tax on stock that hands over that stake; it doesn’t call for forcing the companies to sell to the government.
Don’t worry, we will all own these companies anyway when the government has to bail them out during Financial Crisis 2: Artificial Computer-do
I guess you weren’t around for the bailouts that happened during the 08 recession, because exactly zero corps who got bailed out are even fractionally owned by the public.
GM was for a while, but good point. The US won’t own the AI companies, but the people will have the privilege of giving them gobs of money and having nothing to show for it, other than another billionaire getting away with unlimited fraud. I remember ‘08 very well, thanks for the reminder.
That is, in fact, my entire original point.
That it is.
True. Maybe tax the ever living fuck out of them instead
I guess Bern went full commie for a minute. Never go full commie