It's time to block reckless AI IPOs and tax billionaires

Naomi Klein and Ilana Glazer argue that billionaires have rapidly increased their wealth through tax loopholes, mergers and IPOs, and that impending AI IPOs from companies such as Anthropic and OpenAI would transfer enormous risk onto ordinary Americans. They call for wealth taxes on billionaires starting in California and New York, and for legal and legislative efforts to block new tech IPOs.