22 Comments
User's avatar
Kevin Wood's avatar

If they want me to be rich maybe they could just stop stealing from now.

Joel Bowman's avatar

But then how would they "take care" of you?

Gym+Fritz's avatar

I think distract is the operative word. Better to focus hard on the annual $trillion in waste, fraud & money-laundering.

How can you have a public wealth fund, when you’re $40,000,000,000,000 in debt?

STEVE CAMPINI's avatar

Here we fought a world war to defeat fascism and it makes a comeback in our own country.

I would venture to say every country in the world is fascist to some degree. It's a more efficient and deceptive political system of control than communism. I reckon taxation and regulation weren't sufficient. Now the government also wants an ownership interest. Totalitarianism one theft at a time.

Quod Scripsi Scripsi's avatar

Somewhere in Hell, Satan, Hitler, and Mussolini are smiling. They won in the long run.

Note: Read "Deutsches Requiem" by J. L. Borges.

https://genius.com/Jorge-luis-borges-deutsches-requiem-annotated

[excerpt]

A Nazi about to be hanged for his crimes confesses: "Now an implacable age looms over the world. We forged that age, we who are now its victim. What does it matter that England is the hammer and we the anvil? What matters is that violence, not servile Christian acts of timidity, now rules. If victory and injustice and happiness do not belong to Germany, let them belong to other nations. Let heaven exist, though our place be in hell."

rKf's avatar

Some time ago I pinned Dylan Thomas’ “Do Not Go Gentle Into That Good Night” on my bulletin board right in front so it faces me every time I feel like this: “Rage, rage against the dying of the light.” Today’s Notes did that, caused some rage, and also sadness. Believing in property rights, liberty, and some lonely thread of goodness in mankind, it truly saddens me to watch the accelerating demise of our Republic. (Deep sigh) thanks for writing anyway.

Fraser M's avatar

I tend to liken it to if you get robbed and the Police catch the robber, but instead of giving you back what was stolen,they keep it for themselves and allow the robber to charge you for being robbed.

AI companies trained/train their models on copyrighted content at huge scale. So don't feel too sorry for them.

(Ironically most of them then sell diluted mush back to you).

Jimm Roberts's avatar

I'm keenly disappointed that no elected official much less one of the Billionaires or even the once fiscally conservative Republican Party hasn't denounced Trump's Golden Share notion.

I'm still suffering from incredulity that the president of the USA is actively proposing that firms of his choice cede a measure of their ownership (aka "Golden Shares") to the Federal government.

I trust the CEO's of the targeted firms will purchase an insurance policy in the event he tries to expropriate some portion of their firms.

Convicted felon is the phrase that pops into my mind when I learn about Trump's latest cockamamie socialist and self-aggrandizing schemes.

Great phrase too about Bernie Sanders: "...card-carrying kleptocrat, who still believes, after all these years, that the best way to multiply wealth is to divide it."

Kevin Beck's avatar

I believe Mencken's comment actually was, "kind of an advance auction of future stolen goods." But that's just a quibble over a minor point.

Think about Trump's strategic investments in some of these businesses. While his stated purpose is to keep them in business (actually, it's to help skim some profits out of them without calling them "taxes") as strategic allies, the Treasury is definitely expecting future dividends. And Comrade Sanders can't avoid a filching that he isn't a party of, so he jumps in with his seizure plan (oops ... I meant, tax plan).

Pretty soon, we'll all be circling the drain. We're freakin' doomed!

Chris's avatar

All empires fail eventually. this one will too given enough time. This is the kind of bs failing empires employ. Will the US be any different from all the other failed empires?

I think not. Bullying, financial shenanigans, military interventions, absurd debt levels etc, etc. Same old, same old.

Boris Sarmat's avatar

Historically, many of the past empires failed after around 250 years.

So somewhere around 250 years is their average life span.

How interesting it is that this year is the 250th anniversary of the US.

It is definitely on the down side of the slope, and counting down.

Gwyneth's avatar

"Whereas it has long been known and declared that the poor have no right to the property of the rich, I wish it also to be known and declared that the rich have no right to the property of the poor."

- John Ruskin, 1829-1900

Alex E.'s avatar

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”

~ Frédéric Bastiat, from The Law (1850)

That legal System is known as Piracy and It isn't relegated just to the High Seas...

Don Hrehirchek's avatar

Can't You see what Your love is doing to Me? Do not remember the singer /song writer. But this sure rings true with government lovers.

Judy Crawford's avatar

It would be nice if we had honest leaders. But who is their right mind would want to be a leader? They will be vilified, investigated, reported on, harassed, misquoted, and if they get past that, they would probably turn corrupt just from the company they must keep.

Quod Scripsi Scripsi's avatar

I logged in to my Gmail account last night. I used the correct username and password. Gmail, now administered by AI did not let me in. Soon I received an email from Gmail: "Warning: someone tried to login using your user ID and password!" (Of course, idiot. It was ME!) I can tell you about 20 stories like that. So, AI is no color wheel. It's going to completely screw up everything. I pray no one will get killed.

Beware of politicians bearing gifts. Joe Public may get a few shares as a gift. With the shares comes a little something called "margin calls". People should not be forced to engage in financial adventures. Now, putting 2 and 2 together: I know (like I know my name) that general AI is at best several centuries from working perfectly. If you pay me well, I am willing to show you why I think so (brush up on Math) and now someone wants Joe Public to "invest" in this?

BTW, I have shares on the Brooklyn Bridge Toll Co. at affordable prices. You don't want to miss this opportunity, Joe!

Dave Wilson's avatar

When Trump says he’s going to make me rich, that sounds very expensive!

Maury Teitelbaum's avatar

Same old thing. I'm the government and I'm here to help. Right run for the hills.

Jimm Roberts's avatar

I'm keenly disappointed that no elected official much less one of the Billionaires or even the once fiscally conservative Republican Party hasn't denounced Trump's Golden Share notion.

I'm still suffering from incredulity that the president of the USA is actively proposing that firms of his choice cede a measure of their ownership (aka "Golden Shares") to the Federal government.

I trust the CEO's of the targeted firms will purchase an insurance policy in the event he tries to expropriate some portion of their companies.

Convicted felon is the phrase that pops into my mind when I learn about Trump's latest cockamamie socialist and self-aggrandizing schemes.

Great phrase too about Bernie Sanders: "...card-carrying kleptocrat, who still believes, after all these years, that the best way to multiply wealth is to divide it."

ORION DWORKIN SI/CEBP's avatar

"Earlier this month, Senator Sanders announced he will soon introduce a bill to “give” the public a 50% ownership stake in the largest AI companies in America. Ordinarily known as “fencing stolen goods,” this would be achieved through a one time tax/seizure not on profit... but on stock in the companies themselves. Expropriation, by any other name..."

Does that interpret that Americans will get a check? Obviously - not. But the communist government is.

50 Bravo's avatar

AI is the current thing that will “change the world”. It is the current tide pool that Wall Street wants you to without worrying about the bottom. What I’ve seen so far is pretty good code running on lots of memory. Not actual AI.

There are more AI complexes being built (and funded by investors looking for that magic bullet) than will be supportable because of lack of demand, revenue or profit. The shakeout will be ooogly.