Does it not seem likely that either if the value of their stake goes down they would throw money at it to keep it worth something or make it potentially worth more? They threw money at GM and Chrysler not that long ago. And even if the share of OpenAI remains stable or increases, the costs to circumvent damage done by the existence and expansion of data centers is still going on, which would also cost taxpayer money. And what do the public get for this? It feels like funneling more public money into private hands while further destroying our environment for something that so far has been of questionable benefit to a large portion of society.
No it doesn’t seem likely that the government would do that. The government collected more than $5 trillion last year in taxes. If the government wants to get more money they are incentivized to make the whole us economy more efficient, not prop up failing investments that would lead to the detriment of the rest of its revenue sources.
They propped up gm and chrystler because the auto industry collapsing would have sent shockwaves through the whole economy. I’m not saying I agree with what they did, but it wasn’t for a return on stocks.
The key thing here is this is funneling PRIVATE Monet into PUBLIC hands, we need more of this!
Does it not seem likely that either if the value of their stake goes down they would throw money at it to keep it worth something or make it potentially worth more? They threw money at GM and Chrysler not that long ago. And even if the share of OpenAI remains stable or increases, the costs to circumvent damage done by the existence and expansion of data centers is still going on, which would also cost taxpayer money. And what do the public get for this? It feels like funneling more public money into private hands while further destroying our environment for something that so far has been of questionable benefit to a large portion of society.
No it doesn’t seem likely that the government would do that. The government collected more than $5 trillion last year in taxes. If the government wants to get more money they are incentivized to make the whole us economy more efficient, not prop up failing investments that would lead to the detriment of the rest of its revenue sources.
They propped up gm and chrystler because the auto industry collapsing would have sent shockwaves through the whole economy. I’m not saying I agree with what they did, but it wasn’t for a return on stocks.
The key thing here is this is funneling PRIVATE Monet into PUBLIC hands, we need more of this!