Sovereign wealth fund tax on AI companies unveiled by Sanders

[QueerDuck]

1. No! A 50% STATE TAKEOVER of private companies is not the answer... it's overreach

The bill "is unlikely to become law under Republican control of Congress"... good. I hope it's equally unlikely under any future Democratic controlled Congress, too.

I fully support strict regulation, worker protections, and holding "Big Tech" accountable. However, as a mainstream Democrat, I view this proposal as a clear overreach. Is he being serious, or is he being provocative to stimulate discussion?

If he's serious, I draw a firm line at the federal government nationalizing or taking a 50% equity stake in any private enterprise. The government's job is to enforce rules, break up monopolies, and protect citizens --- not to seize, manage, and own corporate assets.

If we establish this precedent for tech, which private enterprise would be next? I stand by my firm "NO" response.