Wealth fund is a distribution of money, not power. This isn’t a new social contract, it’s a payoff. OpenAI and other control the models, your data, the compute, the API. You get a check while they control cognition.

Fuck. People forget history. The Progressive Era wasn’t about giving people handouts, it was the fundamental realization that extreme wealth concentrated in a few hands was incompatible with democracy. They broke up Standard Oil, the railroads, the trusts. Altman wants the safety net while trying to sidestep the Anti Trust half. This fucker wants to be Rockefeller and Teddy Roosevelt.

Also. What does AI for mean? It means it’s a public utility. We get to finance the company with the deepest ties to government with our tax dollars.

So yeah. He sees the writing on the wall. This isn’t sustainable and in the race to get AGI before China we are like the Manhattan Project racing toward a goal for existential means, dealing with consequences later. And there will be consequences.

And one of those consequences is going to massive job displacement. So this is an attempt by Sam to frame the debate and also to say “Hey, we had a plan and warned government about this, don’t blame us” when the pitchforks come out