They’re unprofitable. This is just socializing losses
Profit isn’t the goal with nationalized sectors in fairness; nor should one want that (obvious example being single payer universal Healthcare). The question is whether or not these systems can be regulated and in the public eye, if they have a benefit to society. Which realistically, the genie is never going back in the bottle on this. Much like the internet itself, pros and cons.
Investors have already lost gobs of money. This industry is unprofitable.
Having the government buy half of it rescues them a bit and burdens the public with this boondoggle tech
You’re not incorrect, but you missed my point entirely.
How about we just tax their profits at 50%?
How about we simply get rid of billionaires?
Tax them at 1000% it won’t make a difference.
The tax is applied to net, not gross profits. And wouldn’t you know it? No business ever makes any money.
This genai garbage should be burned to the ground, not validated.
Could you imagine a country where everyone financially profits off the destruction of our shared society? Our water, forests, oceans, infrastructure, and much more just to get a buck. The critical thinkers see the backwards thought process behind the long term results of this I would guess. If this were to go the way tech wants, best case scenario we cover some ubi but the cost is everything we hold dear.
Or maybe somewhere in the middle where we as shareholders get to decide how these companies are run… But as we’ve all noticed by now… We as a collective society can’t be trusted with these types of decisions.
But you know Sam also can’t be trusted with both the power and money so what’s the best option to address this issue.
If it doesn’t mean we work less I don’t care.
And risk the liability when the AI bubble bursts? Microsoft trying to charge customers the actual costs of CoPilot are not going well.
AI companies need to pay for their emissions, subsidize power costs in communities affected by data cents, and just generally be made to shoulder the true costs of what they’re doing. When they pass this on to customers usage will plummet.
Bernie is wrong here.
He’s sheep dogging disenfranchised voters back into the party. That’s what sheep dogs do take commands from their handlers.
