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The oil is on Alaska/Norway's land, so they can choose what they want to do with money from selling that oil including distributing it or purchasing assets. San
by Aunche 4mo ago
The oil is on Alaska/Norway's land, so they can choose what they want to do with money from selling that oil including distributing it or purchasing assets. Sanders seem to be proposing to arbitrarily seize half of the companies.
- exe34 4mo agoThey seized all of humanity's intellectual output first.
- petesergeant 4mo agoThe oil companies are exploiting a public asset, so it's obvious the public would benefit. Who are the AI companies paying for the training data they're using?
- vrganj 4mo ago> The oil is on Alaska/Norway's land These AI companies are on American land.
- onlyrealcuzzo 4mo agoThe funny thing about data is... it can move across borders a lot better than oil deposits...
- ethbr1 4mo agoData can. Data centers at scale, less so. But I suppose that's why Altman and Musk have been cozying up to autocratic Middle Eastern regimes and dreaming about AI in space...
- jcranmer 4mo agoIn the case of Alaska, the oil is literally on land owned by the State of Alaska (as in, the titleholder of the land is the state itself), and the rights to oil extraction is leased by the state to oil companies. By contrast, data centers are generally going to be on land owned by the operator, and corporate offices are either owned by the company or leased to the company by some commercial real estate operator you've probably never heard of. In neither sense are they on land owned by any local, state, or federal government.
- vrganj 4mo agoThe sovereign entity granting said private ownership is the state. It is privately owned only insofar as the state wills it.
- chasd00 4mo ago> It is privately owned only insofar as the state wills it. you mean as the people/voters wills it. Private ownership of land is pretty sacred law in the US, I don't see those laws being changed any time soon. Even logical things like the concept of eminent domain is very controversial.
- Garshtrot 4mo agoHoly shit a realpolitiker. There is a God called "state" that WILLS the laws. Only by the power of prayer can one communicate with the sovereign, who whimsically discards centuries long legal traditions because a midwit read Schmitt or something.
- triceratops 4mo ago> Sanders seem to be proposing to arbitrarily seize half of the companies. I guess it's only ok when the government arbitrarily seizes half my paycheck. If it happens to billionaires it's communism or something.
- fourseventy 4mo agoThis isn't about income tax or capital gains tax, it's about the government seizing half of a privately owned company.
- triceratops 4mo agoIn both cases the government takes half of something that belongs to an individual. Does it matter if it's cash or stock?
- milch 4mo agoIn fact when my company awards me stock the government takes half anyway!