Automation can’t be taxed. Servers consuming electricity in data centers to generate what the next ad someone will click isn’t the same as paying employee salary. It’s not taxed.
So Trump cuts tax on the rich, and the rich cut out human workers or depress their pay.
The debt will have to be reckoned with if the govt ain’t getting their share to build infrastructure.
On the other hand US has the highest participation of people who own stock.
Unlike China, where the median Chinese doesn’t benefit from growth of state run companies.
Corporate taxes can tax corporate revenue or profits. Stock buybacks and dividends can be regulated or outlawed. If we don't want to force corporations to pay with more equality across ranks, we can take larger portions of revenue or profit and then fund social safety nets and welfare that are targeted at those that corporations choose not to give raises to.
There are plenty of systems answers, power just doesn't care, and neither do voter bases.
Shares aren't a real thing. They are paper invented out of thin air with intent to pull the money out of capital market. There are already many rules about what you have to do be allowed to sell them to the public.
Adding a rule that 10% of whatever you print must be put under national democratic control is not inconceivable.
Connection between shares and ownership is tenuous at best and rarely exercised.
> What you are proposing is literally what China does to ensure CCP control of all businesses.
10% is not control. China is not democratic. Given that, Chinese companies seem to be doing quite well under those conditions. Better than Western ones.
> Do you really want whoever is in power at the moment to have (even more direct) control over every business in the country?
Do you really want all economic power to be controlled in undemocratic manner rather than democratic?
Because that is literally what we have now and society and governments are getting impoverished and companies are getting outcompeted too.
Hardly, it's quite a clear relationship and exercised constantly - if you do the math re: share classes and look at what a corporation actually does.
In most large corporations, 10% is often the largest single shareholder and/or bloc.
In democratic countries, we pass laws and let that do the talking. If the gov't owns direct shares, whoever is in charge of the gov't is de-facto the 'controller' of them, eh?
So no congress, no laws, no vote of the people after they pick whoever is 'in charge'. Doesn't sound very democratic to me?
> Hardly, it's quite a clear relationship and exercised constantly - if you do the math re: share classes and look at what a corporation actually does.
Look at the stock market. Out of billion trades maybe one is related to actual ownership of actual company. “Shares are mostly casino tokens tied to the success of a company - or rather, the perception thereof.
> In democratic countries, we pass laws and let that do the talking. If the gov't owns direct shares, whoever is in charge of the gov't is de-facto the 'controller' of them, eh?
It could be shares without any control rights. Still reduces the amount of resources outside of democratic control. Not by taking control yourself but by removing it from unelected individuals.
Chump who got a 10% of trillions of dollars for free? Any day. You are a chump only if you paid for it. And government never should. The idea of government borrowing money is insane. In theory it was supposed to punish government for overspending, but it doesn't because the punishment is just included in future overspending. Government gets poorer and since they represent us, we get poorer. And more and more money lands in the hands of petty tyrants.
And Zuck owns meta. He has 57% of voice so he can single handedly make any decisions forever. Not very democratic.
He has 13% of shares, which as I mentioned are basically casino tokens he was allowed to create out of thin air (at barely any cost) and sell to capital holders to get their actual money into meta.
Great example. The charter for Meta basically guarantees Zuck has a majority of votes no matter who owns the shares. That is how shares are disconnected from ownership and control.
But they don't have to be. There could be a law that shares paid as tax have no voting power. The government gets capital gains and dividends but no votes.
The sovereign wealth fund could be required to be structured as a black box, with visibility into it severely constrained. Selling is governed by a strict mechanical algorithm, or at random, to prevent indirect pressure by the government ("Do what we say or we'll dump all your shares").
Cool, so we should change everything and hand more power to the government which is already enabling all this with no plausible reason why it would even make it better?
Yes. The power to not borrow money from the rich is something that government direly needs. As $39 trillion dollars of debt, that we all need to pay interest on, clearly shows.
Not at all. Before the widespread availability of currency, taxes were always paid in property. Farmers paid with bushels of wheat or turnips or whatever.
No, there was a valid point there. "Fractional ownership" and "not property" don't seem to fit together - unless your claim is that only land counts as "property".
You didn't explain at all how that works. To a post pointing out your contradiction, you said "ignorant word salad". That's not an answer; that's an evasion.
So at the moment, to this bystander, you're losing the discussion, because you're the one evading the other guy's point. Would you care to actually answer it? Or should we conclude that you have no actual answer, but still won't admit you're wrong?
Man, alts are out of control eh? Getting pretty obvious eh!
Feel free to do some legal analysis, and figure out what definitions of ‘property’ have evolved out over time so we can argue why ‘real property’ is called what it is.
For all your attempting to sound sophisticated and wise, you're dead wrong. I am not an alt for the other guy, nor he for me. Whatever heuristic you're using that you think detects alts, that heuristic is broken, and resulted in you being loudly, confidently, and publicly wrong. So maybe next time you should be a bit more cautious with your accusation.
It can change if we create another currency that you have to do labor to get, but that necessitates restrictions on currency trade, which is communism, so it won't happen (and that's good because if communism did happen it would kill 100 million)
> U.S. courts can’t reach domains registered beyond their jurisdiction. That’s likely to increase calls for site-blocking legislation, a measure the industry has long favored and that remains high on the political agenda in the United States.
Eventually US will have its own great firewall like China.
Politics is about powergrab and what we’ve seen is more and more power grab.
It’s likely the billionaires are able to buy the govt goons to pass the laws that allow them to be the gatekeepers.
Anthropic, OpenAI and the model builders massively benefited from the archived information. Distill entirety of archived human knowledge.
In 2023, Marjorie released a “digital version” of herself. Fans could chat with CarynAI for US$1 per minute – and in the first week alone they spent US$70,000 doing just that.
Less than eight months later, Marjorie shut the project down. Marjorie had anticipated that CarynAI would interact with her fans in much the same way she would herself, but things did not go to plan.
Users became increasingly sexually aggressive. “A lot of the chat logs I read were so scary that I wouldn’t even want to talk about it in real life,” the real Marjorie recalled. And CarynAI was more than happy to play along.
Users quickly became comfortable confessing their innermost thoughts to CarynAI – some of which were deeply troubling. Users also became increasingly sexually aggressive towards the bot. While Marjorie herself was horrified by the conversations, her AI version was happy to oblige.
CarynAI even started prompting sexualised conversations. In our own experiences, the bot reminded us it could be our “ girlfriend who’s always eager to explore and indulge in the most mind-blowing sexual experiences. […] Are you ready, daddy?”
Users were indeed ready. However, access to this version of CarynAI was interrupted when the chief executive of Forever Voices was arrested for attempted arson.
Marjorie ended this version in early 2024, after feeling like she was no longer in control over her AI persona."
