@swyx These are all private companies. A share you can't sell, vote with, or price on a public market isn't an asset for median Americans. Free GPT and Claude accounts already deliver more actual value.

@jimstewartson @GaryMarcus

@worldflood1 these idiots are gonna push us past that point tho

🚨This is how you turn a crash into a great depression. This is a public bailout of the worst bubble in history. “It’s a concept out there that’s so much money and it’s so big… where the American public essentially becomes a partner with the companies… the American people can benefit from the success of AI and by doing that they’re going to like it better…”

@jimstewartson We’re close, so close to 1929

@Boobalaa1954 yes, except we won’t have a choice

@jimstewartson Sounds kind of like the 1920s when everybody was jumping into the stock market

@jimstewartson this is the same guy who's been two weeks away from delivering the greatest healthcare package for six years now #trump

@jimstewartson Obama said the same thing about healthcare and even had his wifes friend build the crappy website to run it.

Besides, the government is run by 80 year old toad scrotes that should be no where near technology decisions.

@jimstewartson @worldflood1 This will be much worse than 1929 because this time, the plunder and pillaging of the American financial system is much more sophisticated and designed to best achievable results for the Epstein class. We get to suffer, they get to prosper and have total control.

@swyx What’s interesting is that it reframes AI from a productivity tool into an ownership question.

As AI becomes more important to the economy, debates may increasingly shift from who can access intelligence to who owns the systems generating the value.

@swyx People can buy it with no government support if they value that

@swyx The real universal basic AI dividend comes from accessible inference and open models, not equity that's a lagging indicator of tech velocity.

(i) That's a strange choice of AI companies - Google and NVidia are more natural than SpaceX. (ii) There's a good chance that someone will get very rich from AI but it may be either another AI company than those 3 or just customer companies that use AI to replace their employees. So rather than picking winners, just use capital gains taxes to share the wealth no matter who generates it.

@swyx For what possible reason would you want 5-7x less SpaceX exposure

@swyx Creative idea for democratizing AI

But private companies aren’t built for handing shares to 349mil people; cap tables, legal, taxes, and massive dilution would destroy valuations.

Better idea would be to invest in open models, public AI infra, or tax credits for compute/subs

@jimstewartson Sound like state run communism Mr. Draft dodger...

Why only those three?

Why not Gemini, Llama, Mistral, DeepSeek, or any of the hundreds of AI startups building in this space?

Who decides which companies qualify?

How do they decide?

Every answer becomes arbitrary, political, and corruptible.

That’s why this idea falls apart.

@swyx The interesting shift is access looking less like software and more like infrastructure people expect to own.

@jimstewartson If it turns into a Great Depression, and even before that, the techies are dead meat in the streets