Comment Hard Pass (Score 1) 195
Sanders’s AI ownership plan is a massive expropriation dressed up as a dividend program. A 50% stock tax means the government would seize half of the upside from the companies that successfully build in America. That would instantly tell founders, investors, and employees that if they create something valuable enough, Washington may take control of it. The result would not be “democratic ownership”; it would be capital flight, slower innovation, and a giant incentive to build the next generation of AI somewhere else.
The plan also confuses regulation with ownership. Government should set rules around safety, privacy, competition, and fraud, but becoming a controlling shareholder turns the state into referee, player, and political boss at the same time. Once a commission can steer board decisions for political goals, AI companies become public utilities run through election cycles, lobbying pressure, and ideological fights instead of technical competence and customer value.
History is full of warnings. State-directed industrial schemes often start with promises of fairness and public benefit, then slide into politicized management, bailouts, favoritism, and collapse. Venezuela’s oil sector, Britain’s British Leyland rescue, and China’s Great Leap Forward all show the same basic failure mode: political control overrides market signals and practical expertise. A better approach is to regulate real harms, tax profits transparently, enforce competition law, and let Americans build wealth through broad-based investment—not by nationalizing the winners after they succeed.