Dave McCormick: “The top 1% owns nearly a third of America's wealth from less…”

“Lifted more people out of poverty than anything else in human history. And few have benefited more or defended more strongly than me. But capitalism has a problem. The top 1% owns nearly a third of America's wealth from less than a quarter in 1989, while the bottom half owns just 2.5%. And we should expect AI to widen that divide by delivering extraordinary returns to those who own models, compute and equity. Now, in response, my colleague Bernie Sanders proposes seizing half of the industry's equity.” (08:54–09:04)

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