Pash describes Sam Altman's equity-sharing offer as savvy politics: by voluntarily giving away a stake, Altman removes the Democrats' rationale for forcibly taking more, while still capturing enormous future upside from ASI. ✦ AI generated
Pash · The Cognitive Revolution · 2026-07-02 · original ↗
starts at this moment · 83:14
what Sam is doing is like look we can either have the Dems come into power and take it away from us forcibly or we can give it voluntarily and decide the terms of which you know the ownership is structured and that is really what he's aiming to do like the 5% is obviously a starting stake. If Bernie Sanders wanted to go to 20, I'm sure Sam would go to 20.
verbatim transcript · starts at 83:14
83:14or we can give it voluntarily and decide the terms of which you know the ownership is structured and that is really what he's aiming to do like the 5% is obviously a starting stake. If Bernie Sanders wanted to go to 20, I'm sure Sam would go to 20. But after 20, like what can you do? What can Bernie Sanders do after that? You are the the state already has a stake in the firm.
83:42What else do you want? And that is the answer that I think like the Bernie Sanders guys can't come to because what they really want is to stop progress. They want to freeze like wages and progress to people who are wages progress rents in New York to the people who already have homes. They want to freeze them so that things don't get more expensive. The people who already
84:05have wages, they don't want it to get taken away. That is what they're asking about. They're asking for a freeze. And the way they go about it is like I'm going to take your money. But here, I'm going to give you the money. What happens next? They don't know because again, you can't stop progress then. Like that's and that's what the people want. people want stop the stop of
84:23progress. So he's created a political conundrum for the left wing now and he knows everyone knows that the leftwing is probably going to have more power come November and so people are making their bets now. I saw uh you know Jared Kushner's uh brother's wife Karly Clauss uh she was on a interview with Amy Chang uh I think yesterday or a day before on a podcast and she comes out and she says
84:52she's a Democrat and she comes out and she says like I've never met President Trump uh we live in St. Lewis and we are like unaffiliated with you know all of that stuff right and the reasoning is because uh as stuff comes out about like the Trump crypto stuff and like you know billions of dollars etc. There are many many Democrats lawyers who are sitting around collecting evidence in DC right now and