You quote Bernie Sanders as saying, “AI is built on humanity’s collective knowledge and the wealth it generates must benefit humanity – not just Elon Musk, Sam Altman and other AI oligarchs.” Except that his proposal is that only Americans should benefit. The rest of humanity should be left out in the cold, despite their indisputable contributions to “humanity’s collective knowledge. Those of us who are not Americans are supposed to agree with this?
A National Wealth Fund is discussed in my favorite video about Wealth Inequality by the former Greek Minister of Finance, Yanis Varoufakis. He argues that capital is socially produced, so it should be shared by everyone with a Universal Basic Dividend (UBI).
You quote Bernie Sanders as saying, “AI is built on humanity’s collective knowledge and the wealth it generates must benefit humanity – not just Elon Musk, Sam Altman and other AI oligarchs.” Except that his proposal is that only Americans should benefit. The rest of humanity should be left out in the cold, despite their indisputable contributions to “humanity’s collective knowledge. Those of us who are not Americans are supposed to agree with this?
The promise of something in exchange for nothing will always have its appeal.
The idea of national wealth fund(s) is a proven winner in the countries that have done good long term planning. Go for it Bernie!
A National Wealth Fund is discussed in my favorite video about Wealth Inequality by the former Greek Minister of Finance, Yanis Varoufakis. He argues that capital is socially produced, so it should be shared by everyone with a Universal Basic Dividend (UBI).
Here is a four-minute video:
https://www.youtube.com/watch?v=O8B4U7o9kvg&list=PLGTowGV33sm3-Aii85DT-R0HLAhFZWu9g&index=6
, which starts off discussing UBI (Universal Basic Income.