First of all, fuck no. Remove all of the AI companies. Now. Secondly, this will guarantee they become "too big to fail". Like, it feels as if they're purposefully doing this to make it palatable to bail them out.
this post was submitted on 02 Jun 2026
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I agree. No public funds should go to AI. No taxpayer money should be used to construct AI or datacenters. When the AI companies start to collapse, they should receive no bailouts.
Bailouts are corruption. Why do the rich get socialism and the rest of us get crushing capitalism? When we fail, we get stepped on. When the rich fail, they get billion dollar bailouts? But they claim they deserve to keep all their riches because they worked hard for it?
I could be a billionaire oligarch too if all of my failures were compensated for with billion dollar bailouts. It's not hard to succeed when you are elevated to the heights of the gods every time you face a little adversity.
well said. The problem is they are overvalued anyway..... so we take half of a trillion dollar company that only worth 30% of that number, so we take a big ass loss. unless we are just straight up taking half and there's no compensation provided. can't imagine the SRCOTUS riding with that policy.
I think the intention is to get the profits of automation to the people when more jobs are inevitably automated.
It is, but unintended consequences.
With this, then we couldn't afford Sam Altman to experience failure because he will drag folks down with him. So the companies invested become too big to fall, and the still private leadership gets to run things however they wish knowing the government will cover for any mistakes.
It's bad enough as the government will panic about retirement accounts when they falter, this exacerbates it.
It's a risky form of private-public partnership, with a lot of ways the company can privatize rewards but socialize the risk.
This feels like a setup to the biggest rug-pull in history. The whole thing is going to shit and the taxpayers will be holding the bags.
Bruh they are working on deregulating debt swaps so they can hide how much leverage is going into these build outs. Trillions of dollars of data centers with mortgages and rent to own NVDA chips. its looking like the greatest scam of all time rn.
I think it makes sense. The bill will be paid off from taxes, so it makes sense that the bailout comes with company stock transfer to workers.
It's fair for many reasons. One of them is that billionaires and corporations don't pay taxes.
What about, instead of 50%, make the bailed out company be 100% owned by the people - not the government, the people.
By the time the public own it, it will be a liability, not an asset. I've seen my government purchase a telco's entire infrastructure only to immediately write it off.
Just set it on fire already.
yep lol and thats how it will work. we'll get a bunch of data centers with a 5 year lifespan and 30 years of debt strapped to them.
The public should own all of AI, and corporations should be forced to ask the public to lend compute. AI is a powerful tool, and if we give the elite ownership of it, they will someday cut society loose: By killing or enslaving us all, and using robots to autonomously fulfill the wealthy's wish to be truly free of responsibility.
I don’t think these companies are worth the value of the paper that their charters are written on. I don’t think many of them are going to last much longer, but he might actually be on to something here in terms of diffusing a massive financial fraud that’s about to happen in broad daylight.
The common wisdom right now is to just “put your money in an index fund, it’s safer and outperforms actively managed portfolios.” Which is to say, a fund that just buys a little bit of everything from a given list, rather than trying to pick stocks that someone thinks will do well, it creates a very diversified portfolio that is protected from anyone company fucking up by having the value spread over as many things as possible. Because many people just put their money in index funds now, getting listed in an index kind of guarantees that lots of people will be buying the shares consistently and thus consistently causing the price to rise over time.
To get in to these lists, normally, a company has to have been public for a while, generally about a year, and show profitability for a prolonged time. These rules have recently been changed though.
A bunch of the AI companies are doing initial public offerings (IPO meaning putting their shares on the public markets for the first time) in the next few months. And stating absolutely insane valuations. Because of the rule changes, they’re basically all getting immediately listed in index funds. And since they’re all targeting insane valuations, they’re going to automatically suck up a bunch of retirement money by default.
I’m not sure about anthropic and openAI on this next part, but SpaceX (which just “bought” Xai), is only going public with about 5% of it’s shares, so theoretically they can just trickle more shares on to the market to get bought up by index funds, and because supply of actual shares is artificially constrained, it will lead to massive overvaluation of those shares, taking up a disproportionate amount of money going in to index funds.
It’s actually fucking criminal that this is being allowed to happen, but because the rules for index funds and IPOs are set by financial institutions and stock exchanges, with very limited oversight by the government, they can just do this.
If the government were to take these 50% shares, it would kind of throw a wrench in the plans, since it would give the government the ability to sell those shares on to the market and stop the over valuation that allows them to take disproportionately from the index funds.
When I found out what it meant when other countries have sovereign wealth funds...
I have no idea how most people in America keep convincing themselves they've somehow got a good deal.
It's mostly oil countries that have a sovereign wealth fund and it comes out of the oil money. Norway, Saudi Arabia. Idea being that oil is a limited resource with a lot of value and the proceeds should be used to ensure everyone's future.
Of course the US IS an oil country...
rare bernie L
just do socialism. stop this wishy washy bullshit. capitalism must die.
"Just"
"Rare"
not saying it's going to be easy but we just need to accept that capitalism cannot be reformed before we progress to the next step: how can we abolish capitalism and create a world that is just
Bernie wants to nationalise AI companies. This is National Socialism.
(/s)
Also believing that the AI overlords wouldnt murder him and everyone he knows before giving the public anything.
That's great for the US, but these companies are fucking the whole planet. What will the US do when other countries hold them responsible?
Hold what? Who?
Maybe you'll be a good fit for joining the league of nations. You see, they are the seed for the world government, and they're going pretty well /s
how about shutting it down, why keep it around. almost as if you are funded by them.
Better idea: drive a stake 50% through AI CEO's chest. Better, faster results, not just economically, but ecologically too!
That just raises CEO salaries because it proves my ongoing theory that CEOs get paid as much as they do to take the fall for everything the company does so the shareholders don't lose money.
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But I wonder how it will work out, if they will use tax money to buy shares fuck no
Keep your eye on the ball: 100% of the profits must pay for universal healthcare.
What profits? All AI companies have major losses. Except Nvidia of course, which just sells the hardware to the other companies so that they can make a loss.
At best, this will just socialize the losses made by decisions of capitalists.
Yes, that was the joke
Perhaps the sarcasm was lost in the comment somehow?
I just corrected a misspelling in my original comment. Perhaps that clears things up?
I love this idea, but I’m not sure if any AI company has made any profit to date lmao
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