alt Hacker NewsBesides direct control, what could a dividend on the profits do what a well-proportioned corporate tax on profits cannot do? The state would only get dividends assuming it would not sell shares.
And the state can exert control much more fairly (ie. to all competitors as well) with regulation and laws.
Regulations and taxes are seen as 'un-american' I suppose, while giving stock to the government is not somehow?
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Why assume it wouldn’t sell shares? If the state can take 5% ownership, it can sell that 5% for profit, and come back for another 5% next year. Ideally the rules on when to sell would be systematic, or made by a neutral bipartisan committee of advisors, but I suspect maybe it would be just be up to the treasury (like the crypto it now holds).
That's exactly the end run here.
Taxes depend on laws (however imperfect and full of loopholes) that are equally applied across all corporations.
Government equity/profit stakes are exactly the opposite: negotiated per corporation and cede power to the corporation.
If Altman was honest about his question framing, the simplest answer would be "Tax AI companies more heavily and use the proceeds to fund universal social benefits / payments."
In contrast, a one-off 5% equity stake is a bribe and nothing else.