Yeah, lets hitch our wagon even tighter to the anchor pulling us under the water. Cool.
“The federal government would have the power, through its voting shares and an equal representation on each company’s board, to block decisions that hurt our citizens and to push for policies that help them.” Yeah, ok sure. Because our representatives are very interested in protecting the public from corporations. Like, come on you wet rag, the only reason something like this works in places like China is because their government isn’t bought and paid for by said corporations.
While everything you say is accurate, since this bill has 0% odds of getting passed, it’s purpose is propagandizing the concept of nationalizing the largest and most untouchable companies, so Bernie actually gets +1 for this.
This. I am always going to be behind nationalizing industries. Even if they are shitty industries, I am always going to prefer public to private ownership.
He should do it for companies that are actually useful so he can get a
Unless, they wanna share 50% of the losses.
Thats not how stock ownership works.
i think majority shareholder might have some vested interest in the bonds not imploding though, as they are the last to get paid in that scenario.
You absolutely do have a vested interest in the stock doing well as a stock holder, but you don’t suffer 50% of the company’s losses.
Your billions in stocks (that you paid for and bought) evaporate into nothing when the company goes bankrupt/collapses, so yes, it would entail the US government eating the losses.
It kind of is if the company goes under/bankrupt
It still isn’t. That’s the whole point of corporations.
If the US government buys the stocks at the IPO listing price, and then the company collapses, their stocks are now worthless.
That would still not mean “Suffering 50% of the company’s losses”.
And only 50%. Not even majority public ownership from the soc dem
Effectively making the too big to fail companies even too bigger to fail lmao
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Bro’s washed. Why would you tie people’s pension with the least sustainable industry in the world that has no clear value contribution to society and has not shown that they could make a single dollar in net revenue. My spring garage sale has more net revenue than OpenAI. This is worse than tying people’s pension to speculative housing market.
profit, not revenue*
i don’t want that, bernard
i don’t want a grain of ai equity unless it is to be liquidatedif they are smart, they would jump at the chance lmao
Makes me think that’s why they’ve had mr Sanders perform this maneuver
Yeah because when the AI bubble pops, no one will give a shit about the poor executives. No one else has a stake in that ridiculous industry. But if you 401k-ify AI, suddenly everyone is very concerned about the slightest dip in the market
but fucking also: lets just say after getting oneshotted by claude rtx bernie believes claims about ai, what does usurping that technology to the state of usa means for the world?
unlimited nsa spying on every chatbot in the world, legally and all? instituting american government into every conversation in the planet?
then we immidiately liquidate our position and convert it to yuan.
Its the opposite though. This is giving sam altman exit liquidity. I mean really its nothing, its not happening
NOW we’re fucking talking
mfw unironically doing this now
yeah let’s use more government resources to legitimize and stabilize these parasitic pointless companies
Bernie Sanders should introduce himself to a coffin, nonsensical hubalabalub again thanks bro pls die now
Yeah don’t love this. I’d really rather own all the companies other than AI first, but that’s just me.
This is really an Obama care edition of seizing the means of production.
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but bernieBernie Sanders, “the true left”. This scam will never see disclosure.
time to retire.
