Billions Made From Your Knowledge—And Nobody Told You

[00:00:00]All right, don't know what you think about uh Bernie Sanders, but uh if anybody has a good idea, it's always good to think about it no matter where it comes from. And this is an interesting idea. We see that the federal government, the deficit, debt is out of control. It's the worst it's ever been. It's getting worse every day. We've given trillions of dollars to the most uh the the richest people in the in the world, and they can't get enough, so they want more and more tax breaks, and it's causing a massive debt and a massive deficit in our country.

[00:00:30]We've got Social Security. If you're new to my channel, my name is Ed Wehling. I ran the third biggest Social Security office in the country. One of the things we focused in is helping y'all get the benefits from Social Security. I teach y'all my insider tips, tricks, and secrets on how to make sure you're getting everything you're need from Social Security, what you paid for, what you're entitled to, what you've earned from Social Security, Medicare, Medicaid, and all the rest of it. And Social Security Trustees report says it's going to be the Trustees the trust fund is going to be ending here pretty soon. It's going to be running out of money in 79 more checks, and everybody's going to get a cut of 23% and we know what's happened with Medicare and Medicaid and all the rest of it. Big issues, and we need to address it, and we need to find money somewhere. And guess what? I guess the AI companies and these data centers, they got unbelievable amount of money. It's actually I talked about this yesterday.

[00:01:23]It's actually our money that they're using out of our 401(k)s and debt that we're eventually probably going to pay for if this whole thing this whole thing goes belly up. But they seem to be having unbelievably great years in terms of profits.

[00:01:40]Um rest of Americans not so much. So Bernie Sanders put the one and one together and came up with two. Well, came up with billions perhaps here. So let's I'm going to play a video. We'll talk about this a little bit. Let me know what you think in the comments. Do you think this is a good idea? He's going to go ahead and submit as as a bill. And if we're behind it, then it'll pass. Not sure it'll be signed by the president or pass the Senate or whatever the case may be, but um it's definitely worth a conversation.

[00:02:09]So I'll I'll show this couple of minute little video here. We'll talk about it.

[00:02:12]Tell me what you think. And then we'll get into the live Q&A part and we'll help people with all things Social Security, Medicare, Medicaid, all the rest of it. Okay, so let's watch uh Bernie Sanders with his new idea.

[00:02:23]>> The foundation of AI is based on our collective human intelligence. Our books, songs, artwork, journalism, computer code, scientific research, videos, conversations, images, and ideas spanning generations.

[00:02:45]The reality is that big tech oligarchs have fed this knowledge into their AI models without permission, without acknowledgement, and without compensation. The creative work of many millions of people, writers, artists, musicians, journalists, teachers, scientists, and ordinary people, has been stolen has been stolen by the wealthiest people in the world.

[00:03:15]In the coming weeks, I will be introducing the American AI Sovereign Wealth Fund Act.

[00:03:22]This legislation would give the public a direct ownership stake in the largest AI companies in our country through a one-time 50% tax not on the profits of the largest AI companies in the US, but something that is far more valuable than that, the stock. Under this bill, the federal government would have the power through its voting shares and an equal representation on each company's board to block decisions that hurt the public and to push for policies that help them.

[00:03:58]When a public resource generates wealth, the public should share in that wealth.

[00:04:05]In this case, artificial intelligence is being built on a public resource far more valuable than oil.

[00:04:14]The accumulated knowledge, creativity, and labor of humanity throughout history.

[00:04:20]>> So, interesting idea. So, there's other countries throughout the world that have sovereign wealth funds. So, a lot of them like in oil, North Shore, North Sea oil, and different places up there.

[00:04:31]So, they said, "Hey, this is a This is a national resource. You know, you can own land above, but all the oil underneath there, that is a national resource. You know, obviously, if you're a company, you go out there and suck oil out of there, but that is a national resource, and therefore, we should take a little piece of that." So, other countries throughout the world build these sovereign wealth funds that they can invest in when, you know, new oil is found or gold or in this case, AI, then the country itself benefits. So, he's saying that we should be shareholders of this because AI, these companies have taken our information, basically, and put it into their AI models, and they're selling it back to us. So, this is not The information that are coming out of AI isn't They didn't create it.

[00:05:26]They're just regurgitating what thousands of years, Shakespeare and Chaucer and whoever, have built. They put it in their AI models, and then we ask a question, and it just takes all that accumulated knowledge and throws it back at us, and then we we have to pay that company for that knowledge, even though they didn't produce that knowledge. They just regurgitated it.

[00:05:49]So, he is saying, "Hey, you're you've stolen that information and we want a cut. So, whether it's China that has an AI model or the United States or wherever these AI models come from, then we want a 50% cut. We'll build up a sovereign wealth fund with that money and save Social Security and maybe improve our roads, air, uh health care for seniors and the disabled, whatever we want to do as a as a democracy. I know people are going to say we're not a democracy, whatever.

[00:06:20]Um and so, that will be rather than just having one or two three people of private equity decide our future and have a handful of tech bros from Silicon Valley decide our future and decide what's going to happen all this, maybe we should, you know, democracy, as Winston Churchill says, is the worst system in the world except for all the others. So, people say, "Oh, democracy sucks and it can't do this, that, the other." Okay, so, the the alternative is having a handful of people, the Zuckerbergs and Musks and Bezos and all those other guys make our decisions for them. So, if let us know what you think on that. I think that's pretty interesting idea.

[00:07:02]So, we'll keep an eye on it. He said he's going to go ahead and pass it through.

[00:07:06]Um and let me know. Um call those people, call your representatives if you agree with it. All right, let us get into some live questions today.

[00:07:18]Um someone was talking about we've got um Let's see here.

[00:07:24]Um I was listening to the news on my way to Walmart this morning and our power company, this ties right into AI, is asking for a 9.7 rate increase.

[00:07:34]If it passes, we start paying March 2027.

[00:07:38]Mama, do you have a AI center near you?

[00:07:43]Is this why we got pretty much a 10% increase in your in in your electricity?

[00:07:48]Um they have said nationwide AI is going to suck out about 10, 15, 20% of the nation's energy.

[00:07:55]And places throughout the country are going to have to raise prices cuz they're going to have to build new, you know, power lines and all this other kind of stuff and it's being it's not being paid by the AI company. It's always being paid by us. So, we'll we'll pay for it one way or the other unless we decide not to pay for it.

[00:08:14]Remember, 79 full checks until their 23% cut. That is a fact. We've also got some video questions here. Let's go ahead. Um the billionaires are creepy ass.

[00:08:25]All right. So, yeah, that people say, "Yeah, we don't want the we don't want our our duly representative politicians to make our decisions for us even though we that's what we've elected those people to do is make our decisions for us and then we can, you know, replace them every two or four or six years or whatever the case may be. Um we'll let some unelected billionaires make our decisions for us. So, those are our two alternatives perhaps. Let's watch some video questions that people have sent in.

[00:08:51]>> Hi Doc. I have a question.

[00:08:53]>> [music] >> I have a special needs adult child. He is 20, soon to be 21. He receives full [music] benefits of SSI and I'm getting married soon and I would like to know if my [music] spouse's income puts in jeopardy his check or part of it. Thank you.

[00:09:11]>> Okay. So, um if you have someone receiving SSI, SSI is supplemental security income. People think it means social security income.

[00:09:23]It's supplemental security income. It's a welfare-based program, needs-based program that social security administers. The max you can get on that program is $994 for 2026.

[00:09:34]And because it's a needs-based program, if let's say you're receiving that all sudden you you marry, the person that's disabled receiving SSI marries a millionaire, then obviously they don't need that, so they're going to be cut off.

[00:09:50]If the child is under 18 years old, the parents' income counts.

[00:09:54]But once the child reaches 18 years old, they are considered an individual household.

[00:10:01]So, no. If your income, your new husband's income will not count against that child because it's over the child is over 18 years old.

[00:10:13]However, one caveat.

[00:10:15]There's a couple of thing there's these ISMs, in-kind support and maintenance.

[00:10:19]They got rid of the ISM about a year's year and a half ago for food, so if you're providing food, um the the the the kids go into your refrigerator and grabbing food, that that's not counted against them as in-kind support and maintenance. But rent just might be.

[00:10:36]So, it depends if uh if your son is paying rent, fair market value rent, then tell them to definitely notify SSI. If not, you are giving that child a free room or whatever the case may be and not charging them, that's the only issue.

[00:10:56]It's called in-kind support and maintenance, and that gets kind of complicated, depends on what your arrangements are with the child um in terms of that. But in your your your new husband's income, no, that doesn't count. The only thing again is that rent.

[00:11:13]That's >> Um question about uh this concerning my wife's um application for social security retirement benefit. Um I'm already receiving and I'm 63, I started early.

[00:11:27]Um but she's [clears throat] looking at receiving mostly due to the uh point of uh where the where the trust expires. Seems like going now seems to be the better choice.

[00:11:39]But, uh several months ago when we first started inquiring with Social Security and spoke with them on the phone, talked to them about uh receiving uh spousal benefit, and we got the uh what the quote was.

[00:11:52]Um but, now she just received a letter saying that it's significantly less. It seems like it's just hers, not including the spousal benefit. And there's no explanation, no breakdown, no nothing. We seem to be stuck trying to figure out how do we get a hold of a actual human again to get this corrected. Thanks.

[00:12:17]>> All right.

[00:12:18]>> So, that uh >> Yeah, this is easy one. Um what happens is I've done this a few million times.

[00:12:25]Is when the the person at the Social Security Administration takes the claim, they they essentially took two claims. One for benefits on her own record, her own Social Security number, and one for benefits on your Social Security number.

[00:12:39]So, they're two separate claims.

[00:12:43]And the one on her own record, they went and the center that prints off those letters automatically sent a letter and you and she got the letter.

[00:12:54]And they haven't pushed the button on the other one yet. Maybe they're waiting on marriage certificate, whatever the case may be or whatever, or they just did it the next day in the processing.

[00:13:03]Yeah, so you you'll get another letter.

[00:13:05]Don't don't worry about it. You'll get another letter probably within a a few days that says, "Okay, on your first one, on your benefits on your own record, you're going to receive this much, and then you're going to receive another one." And it's basically how it used to come is you would be what's called the number holder cuz she's getting benefits off your record. So, on her she's the number holder and the claimant. So, the same Social Security number. On yours, you're the number holder, she's the claimant. So, it's under the the claim is two different Social Security numbers. And that one's again processed. So, you'll receive the second letter from your benefit. So, that's that's a pretty easy one. So, don't don't sweat it. You'll get it. If you don't get it, then yeah, then something happened and it was lost or they messed it up or whatever the case may be, but that's a common issue. Just wait a few days.

[00:13:53]Bernie wants the state being us to be in control of AI and all the potential revenue that comes not all of it, but 50% share since it is our information that comes with controlling the information and digital wealth of individuals. Digital wealth of Yeah, digital wealth of us.

[00:14:11]So, that is ours, isn't it?

[00:14:15]That's his argument. So, Bernie has a whole bunch of common sense ideas. Yeah, he has continuously said that uh the the number one thing that our community says will increase will stop the cuts from happening in Social Security is raise the cap.

[00:14:31]For those new people here, Social Security has a cap. FICA cap. So, if you're paying Social Security, which billionaires don't, they get their money from other things other than wages. So, most of them don't pay into Social Security at all.

[00:14:46]That needs to change. He argues it needs to change. But, if you're making a million dollars, you're only paying Social Security FICA on the first $184,500.

[00:14:57]Anything over that, you're not paying Social Security in. So, for those people out there making under $184,500, you're paying Social Security FICA tax on every dollar you make.

[00:15:09]Anything over that, you stop paying. So, these billionaires, including Bernie Sanders, he he admits anything over $184,500, he doesn't have to pay Social Security FICA tax anymore.