conv.

All stories
BusinessQuiet 11d · day 12

Klein and Glazer call for blocking AI IPOs, taxing billionaires

Opinion piece argues OpenAI and Anthropic should not go public, citing security flaws and debt amid broader wealth inequality crisis.

newest coverage 10d agosummary written 11d ago15 pieces56 likes & upvotes MastodonNewswiresGoogle NewsHacker NewsReddit

What to know

  • Klein and Glazer argue AI companies OpenAI and Anthropic should be barred from going public due to security vulnerabilities and debt, citing risk to ordinary Americans holding their stock in retirement accounts.
  • The op-ed frames AI IPOs as part of a pattern of billionaire wealth concentration: a 40% increase in billionaire wealth over two years while workers face job scarcity and rising costs.
  • Authors call for wealth taxes and legislation starting in California and New York, with Anthropic and OpenAI as immediate test cases.

“Both of these players also had major security flaws exposed recently, and openly acknowledge mind-bogglingly huge amounts of debt. If these companies are allowed to go public, their cofounders and investors – some of whom are already billionaires – will rise to whole new strata of private wealth.”

Naomi Klein and Ilana Glazer, Opinion authors · Guardian ↗

Naomi Klein Opinion authorIlana Glazer Opinion authorAnthropic AI company planning IPOOpenAI AI company planning IPO

Klein and Glazer call for blocking AI IPOs, taxing billionaires
theguardian.com

How it unfolded 1 development · click the chart to see its coverage articlesposts

Peak 9 pieces in 3h at Nov 2, 4 AM; 15 pieces over 12 days (6 articles · 8 posts · 1 comment) Nov 2, 4 AM — 9 pieces · 5 articles · 4 posts — Mastodon 5, Newswires 3, Google News 1Nov 2, 7 AM — quietNov 2, 10 AM — 2 pieces · 2 posts — Hacker News 1, Reddit 1Nov 2, 1 PM — quietNov 2, 4 PM — quietNov 2, 7 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Nov 2, 10 PM — quietNov 3, 1 AM — quietNov 3, 4 AM — 2 pieces · 1 post · 1 comment — Reddit 1, Mastodon 1Nov 3, 7 AM — quietNov 3, 10 AM — quietNov 3, 1 PM — quietNov 3, 4 PM — quietNov 3, 7 PM — quietNov 3, 10 PM — quietNov 4, 1 AM — quietNov 4, 4 AM — quietNov 4, 7 AM — quietNov 4, 10 AM — quietNov 4, 1 PM — quietNov 4, 4 PM — quietNov 4, 7 PM — quietNov 4, 10 PM — quietNov 5, 1 AM — quietNov 5, 4 AM — quietNov 5, 7 AM — quietNov 5, 10 AM — quietNov 5, 1 PM — quietNov 5, 4 PM — quietNov 5, 7 PM — quietNov 5, 10 PM — quietNov 6, 1 AM — quietNov 6, 4 AM — quietNov 6, 7 AM — quietNov 6, 10 AM — quietNov 6, 1 PM — quietNov 6, 4 PM — quietNov 6, 7 PM — quietNov 6, 10 PM — quietNov 7, 1 AM — quietNov 7, 4 AM — quietNov 7, 7 AM — quietNov 7, 10 AM — quietNov 7, 1 PM — quietNov 7, 4 PM — quietNov 7, 7 PM — quietNov 7, 10 PM — quietNov 8, 1 AM — quietNov 8, 4 AM — quietNov 8, 7 AM — quietNov 8, 10 AM — quietNov 8, 1 PM — quietNov 8, 4 PM — quietNov 8, 7 PM — quietNov 8, 10 PM — quietNov 9, 1 AM — quietNov 9, 4 AM — quietNov 9, 7 AM — quietNov 9, 10 AM — quietNov 9, 1 PM — quietNov 9, 4 PM — quietNov 9, 7 PM — quietNov 9, 10 PM — quietNov 10, 1 AM — quietNov 10, 4 AM — quietNov 10, 7 AM — quietNov 10, 10 AM — quietNov 10, 1 PM — quietNov 10, 4 PM — quietNov 10, 7 PM — quietNov 10, 10 PM — quietNov 11, 1 AM — quietNov 11, 4 AM — quietNov 11, 7 AM — quietNov 11, 10 AM — quietNov 11, 1 PM — quietNov 11, 4 PM — quietNov 11, 7 PM — quietNov 11, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quietToday, 4 AM — quietToday, 7 AM — quietToday, 10 AM — quietToday, 1 PM — quietToday, 4 PM — quietToday, 7 PM — quiet 1
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:21 PM ET
  1. 1
    “We cannot allow more billionaires – or trillionaires – to be made in this country, further expanding the inequality chasm that's turning a dignified life into a luxury in this country. We must also block the impending tech IPOs.”
    — Naomi Klein and Ilana Glazer

    1. 2 outlets first by The Guardian, 11d ago · also Guardian US · read ↗

    • cdarwin@c.im

      Despite the sunny economic forecast coming from the Trump administration, millions of Americans are struggling to find and keep jobs, getting crushed under the rising cost of living, and losing health insurance when they need it the most. Meanwhile, via corporate consolidation and political corruption, the billionaire class is getting richer…

      cdarwin@c.imMastodon11d agoview on Mastodon ↗
    2 more of the top 3 · 4 posts in this stretch

    • Someday humanity will realise that the idea of passive income (in all its different variations, especulation, gambling, stock markets, etc.) is the most detrimental idea humans ever put in practice. People simply either wont get into the math and logic behind it due to lacking math foundations from school, or wont admit because they dream and hope…

      JavierReyes945r/technology10d agoview on r/technology ↗
    • SharG@mastodon.social

      https://www. theguardian.com/commentisfree/ 2026/nov/02/ai-ipos-tax-billionaires?CMP=share_btn_url

      SharG@mastodon.socialMastodon11d agoview on Mastodon ↗
    all of them →

What people are saying 1 voices from 1 site · best of 4 · verbatim