Dear Representative,
The leaders of the largest AI companies, including OpenAI and Anthropic, have stated openly that reaching their goals will require hundreds of billions, possibly trillions, in capital and revenue they do not yet have.
That is not a business plan. It is a solicitation.
We have seen this before. AI collapsed in the 1970s and again in the late 1980s because the ambition outran the economics.
The technology may mature eventually, but "eventually" is not a sound basis for exposing ordinary Americans' savings to the gap.
Right now that exposure is growing through three channels: index funds and ETFs concentrated in a handful of AI-levered companies, pension and 401(k) allocations tied to those same equities, and taxpayer subsidies for data centers and energy infrastructure.
If the buildout fails to pay off, retirees and taxpayers absorb the loss while insiders have already cashed out.
I expect legislation that:
1. Prohibits federal loan guarantees, bailouts, or backstops for AI infrastructure speculation.
2. Requires transparency on public pension fund exposure to AI-concentrated equities.
3. Conditions any public subsidy on binding, long-term profit-sharing with the public, no less than 20 percent of profits for the life of the company, with anti-evasion provisions barring divestiture, restructuring, or shell entities designed to escape the obligation.
If these companies believe in their own projections, they can accept those terms. If they will not, taxpayers should not be underwriting the risk.
Do not sell our futures for cheap.
Respectfully,
A Voting Constituent
Sign Petition
