this post was submitted on 14 Jul 2026
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Did you read the proposal?
I listened to a pretty comprehensive interview Bernie had regarding his proposal a few weeks ago. My big takeaway was that he fundamentally misunderstands the technology as it currently exists, and while he's skeptical of the motives of these tech CEOs, he's completely bought in on their nonsense claims of fully automating the workforce.
AKA an octogenarian suggesting legislation on a technology he doesn't understand. This is a thing that has bitten Americans in the ass countless times in the last four decades.
I wanted to make sure I wasn't talking to someone who just went off the base headlines without actually looking into the proposal first.
I don't agree with Bernie Sanders' plan. It was obvious to me when I read the first article that he doesn't understand the technology, but the more important thing is that he doesn't seem to have followed the money. The way stocks and services are being traded to inflate some companies while keeping other failing companies solvent is the whole reason this is a bubble. What the proposal doesn't seem to account for (that I've read) is that if this tech doesn't become profitable in a mainstream way the tax payers (who are already very likely to lose savings, retirement investments, and jobs) will still be on the hook for the debt and will actually see no benefit from the short term pump of the stock in these companies.
I voted for Bernie in the primary. I think he and a lot of other politicians are too old for the roles they currently hold. But if I'm honest I don't think this is just about old people not understanding tech. At least, it's not exclusively old people. There are so many people my age and younger who don't understand this tech or the economics and business practices behind it, and they are more than willing to trust it blindly.
This is exactly what I meant by Bernie being caught up in tech CEO bluster. He can't imagine that this shit doesn't change the world in monumental and lucrative ways. He's talked about how the tech people he's spoken to don't like his proposal because they don't want to share the profits, but I haven't seen any CEO make public comments one way or the other. With everyone involved knowing it's a bubble, I'm sure they secretly love to insure their investments with public money. They just can't say it out loud or the bubble might pop early.
And, yes, people of every age are tech illiterate. But overwhelmingly the elderly are the people crafting legislation about tech. Old age is heavily associated with cognitive decline, which makes it harder to understand, examine, and interrogate unfamiliar ideas, such as "AI" or "Whatever the Fuck Private Equity is Doing Right Now." Bernie's a smart guy, and it seems like he's still sharper than a lot of his contemporaries, but you can't fight nature. I'd rather see him cosponsor legislation with a younger senator and mentor the next generation of congress, instead of hanging on to the bitter end and giving us half-baked policy like this.