“share profit with the Executive Branch and losses with the public”
ftfy
SpaceX IPO that is being “fast tracked” for inclusion in the S&P500 is exit liquidity for the early investors and musk. Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?
If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.
It’s no longer being fast tracked.
Thanks, traveling and hadn’t seen the s&p update. Looks like NASDAQ’s fast track is still on.
And if you believe that you’ll believe anything.
Wouldn’t they have to make profits first?
You see, this way they get to share the losses with the public too!
I’ve a feeling they want to share the debt with the public.
Isn’t this how taxes work?
Profits will be negative for years so they are asking us to fund their failures
What profits? As far as I know, most or all AI are still massively unprofitable…
Probably sharing only the negative profits, so, uh, more taxes, everybody!
When you accidentally reinvent corporate taxes.
It‘s just the good old „privatize profits, nationalize losses“ playbook because AI companies are in fact not making money with it. They know the party is over so they‘re preparing to make it everyone else‘s problem. It‘s another grift on top of a grift, but unfortunately for everyone else they‘re trying to legitimize it.
But you forget. The wealthy and powerful don’t see us as people. When they say public they mean the trumps, epsteins, and Jared’s of the world. We are labor or slaves in their eyes not the public.
Fascism should more properly be called corporatism because it is the merger of state and corporate power.
- Benito Mussolini
But their profits are negative… oh no.
“We’re talking about it where the American people can benefit from the success of AI. And by doing that, they’re going to like it better,”
What a fucking moron
Profits, lol.
We’ll share the profits but first you need to own the risk. Oh and we’re not going to share the profits.
What profits? AI companies are burning through money like crazy.
Trump’s statement includes the weasel-word could at a crucial position:
“There’s a concept out there, there’s so much money and it’s so big that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies,” Trump told reporters en route to an unrelated event in Wisconsin. “I have spoken to all of them.”
That’s salestalk and means nothing.
I also still don’t understand how this is anything other than going public, buying and selling shares etc.
Tax them and every company that lays people off because of AI and put that towards UBI. Trumps not gonna do it because he’s a shortsighted moron, but that needs to happen if companies are planning to sacrifice jobs for AI.
U.S President Plans White House Meeting With AI Companies Next Week On Federal Partnership To Share Profit
sLosses With The PublicHeadline fixed
“Come inside, we have important business to discuss. Right this way, past the cage fighting ring and bulldozed half of the house.”
