# Klein and Glazer urge US to block AI listings and tax billionaires

- URL: https://talkfuse.com/story/its-time-to-block-reckless-ai-ipos-and-tax-billionaires-naomi-klein-and-ilana-glazer/
- Published: 2026-11-02T10:00:38+00:00
- Updated: 2026-11-02T10:17:19+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/commentisfree/2026/nov/02/ai-ipos-tax-billionaires
- Topics: AI, Business, Companies, Economy, Technology

## Key points

- Klein and Glazer call for blocking planned AI company IPOs.
- They argue public listings could spread financial risks to ordinary Americans.
- They also support taxing billionaires to fund public services.

## Summary

Naomi Klein and Ilana Glazer argue that the US should block planned technology IPOs, particularly those of Anthropic and OpenAI, and tax billionaires to address growing inequality. They say public listings could enrich founders and investors while exposing ordinary people to financial risks through retirement savings and wider economic fallout.

The article claims global billionaires’ combined wealth is now one-fifth of annual world output, and that US billionaires’ wealth has risen 40% in two years. It cites the planned AI listings, the companies’ acknowledged debts and recently exposed security flaws, and the concentration of the ten most valuable public companies in technology. The authors warn that a downturn in the sector could harm people well beyond those who choose to invest.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.