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Hedge fund managers, venture capitalists, and tech executives are pulling their kids from public and private schools to enroll them in AI-tutoring startups that pay staff to stop calling themselves teachers and face no state requirement to report how well any of it works. Alpha School, now in a dozen cities and expanding to nearly two dozen more this fall, charges $75,000 a year in San Francisco for two hours of AI tutoring followed by project workshops, using software that tracks how closely a child pays attention. Forge Prep in New Jersey charges up to $36,000 and promises graduates a $200,000 payout if they start a company instead of taking a job. Billionaire Bill Ackman has publicly backed Alpha. Neither school reports outcomes to any state, and Forge's own founder admits there is no data showing things are going well. Alpha sells home-schooling software on top of tuition. Forge's startup fund assumes graduates will found companies rather than join a labor market its own AI curriculum is designed to help automate. Alpha's spokeswoman says its families are overwhelmingly finance, venture capital, and tech workers, meaning the industry building the AI disrupting entry-level jobs is now selling itself a private curriculum to land its own kids on the ownership side of that disruption. Alpha's in-person staff voted to reject the word teacher, and its remote coaches monitoring the AI software are scattered across the globe. Stanford's Victor Lee says dropping the title diminishes the professionalism teaching requires. Stanford's Caroline Hoxby, who studies these programs rather than sells them, says there is negligible scientific evidence behind any of it. My take: The same investor class funding AI tools built to gut entry-level jobs is now buying its own children a private exemption from those tools' consequences, for $75,000 a year. Public schools absorb AI disruption unfunded and unreformed while this cohort builds itself an unaccountable alternative marketed as personalization. This is what class stratification looks like once it gets rebranded as coaching, guides, and life skills.

Sam Altman just found a legal way to bribe the entire US government into never regulating OpenAI again. The bribe is $42.6 billion of OpenAI stock. So Trump will now LOSE money every time a regulator tries to slow OpenAI down. Here's what makes this so genius: Altman sat down with Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent and proposed transferring 5% of OpenAI to a US government sovereign wealth fund modeled on the Alaska Permanent Fund. He also wants Anthropic, Google, Meta, and xAI to hand over 5% each. The media is covering this as generosity. But that's not what's happening here... Two weeks ago the White House quietly forced OpenAI to delay the launch of GPT 5.6. The Commerce Department banned Anthropic's Claude Fable 5 for 18 days. Both companies are trying to IPO in the next 12 months. Both are getting throttled by federal regulators every time a new model rolls out. OpenAI is also being investigated by a coalition of 42 state attorneys general in parallel. Altman looked at what happened to Intel and drew the correct conclusion. Just to remind you: Last August, Trump forced Intel to hand over 9.9% of its shares in exchange for CHIPS Act money Intel had already been awarded. A shareholder lawsuit unsealed in March called the deal "extortionary" and is trying to unwind it. Trump said in May he "should have negotiated a larger stake." Then Nvidia and AMD were forced to hand the US government 15% of their entire China chip revenue in exchange for export licenses. Altman saw the pattern. He is negotiating from the front instead of the back. He is voluntarily offering 5% now before Trump takes 15% by force later. Then there's also the Sanders threat: Bernie Sanders introduced the American AI Sovereign Wealth Fund Act in mid-June. His bill would take 50% of every leading US AI company and use it to fund $1,000 annual dividends to every American. Sanders values the fund at $7 trillion. Altman is using the Sanders threat to sell Congress on 5%. 5% is the number that makes him look reasonable. Now this is where it gets really genius... Microsoft owns roughly 49% of OpenAI. Microsoft was not in the room with Trump. SoftBank just committed $40 billion to OpenAI. SoftBank was not in the room either. Neither were the venture funds that led the March round at $852 billion. Neither were the OpenAI employees who own equity in the company. Every one of them just watched Altman promise 5% of their upside to Trump without a single vote. Altman is spending shareholder money to buy something only HE benefits from. And the US government cannot regulate a company it owns 5% of. Every safety rule that reduces OpenAI's valuation directly reduces the Treasury's own investment. Every model delay reduces the government's future dividend. And every antitrust action against OpenAI now hurts the same agencies supposed to bring those actions. The government becomes structurally incapable of enforcing the exact safety rules those agencies exist to enforce. Altman is turning the White House into a shareholder. Shareholders do not regulate - shareholders protect their investment. Every major AI lab in America now has one option to survive Washington: Hand over 5% before Congress takes 50%. The White House already holds equity in Intel, MP Materials, and multiple quantum computing firms. Nvidia and AMD hand over 15% of their China chip revenue for export licenses. The US government is now the LARGEST venture capitalist in American tech. And the founders are voluntarily cutting the checks themselves using their investors' money. What do you think?

Dear America,   Starting today, on the 250th birthday of our country, millions of children will now benefit from a new & powerful American birthright - a privately owned investment account from birth. Every child a shareholder in the great American economy! American capitalism is the greatest prosperity-creating engine the world has ever known. It has unlocked unprecedented abundance for our country and untold life-advancing innovation. From clean food & water to cars & planes to vaccines & cures to computers & phones.  Through depressions & world wars, through panics & pandemics, betting on America has been the best investment in human history.  But far too many hardworking families feel like they are on the outside looking in - like the American Dream has become out of reach.  The Invest America Act changes all that. Signed into law by President Trump it establishes the Trump Accounts - launching today - making every child a shareholder from birth.  Every account seeded with $1000 in America's best companies - making every child a direct participant in our stock markets & American capitalism.   But it doesn’t stop there.  Representing the best of our civic traditions, an unprecedented outpouring of additional private  contributions into these accounts is already underway. Billions of dollars have been committed by philanthropists & corporations to tens of millions of children across the country. A new form of massive, direct philanthropy & corporate benefits directly to America’s kids is just getting started. From adopting all the kids of a school or organization to a city or state.  America is the most giving country in the history of the world - and Trump Accounts provide a new open source platform to enable anybody to contribute to anybody.   Trillions of dollars will compound in these accounts over the next 20 years.    But this is about more than just figures on an account statement. By investing in the next generation, our country is providing tangible opportunities to all future generations of Americans: an education, a first home, the ability to start a business, and the foundation for a lifetime of savings. Trump Accounts provide hope to those feeling hopeless - unlocking unlimited human potential. Trump Accounts do this through a massive public - private partnership that empower the individual not the state.  They double down on free market capitalist democracy by empowering the individual rather than growing dependency on government.  Aligning citizens with capitalism rather than pitting them against it.  Perhaps of equal importance, let us not lose sight of the fact that this is a movement that unites our country. Despite the many issues that divide us, this one big idea brings everyone together. From the most conservative to the most progressive leaders, we have found people of goodwill willing to step up and do the right thing to help the next generation.  Trump Accounts represent the very best of our democracy and the American promise issued two hundred and fifty years ago today. I am grateful to all those who have partnered with us to get this far and we dedicate our tireless efforts to make certain that the Invest America Act achieves its maximum potential.  Let us advance into the future with a renewed sense of confidence, optimism and restored faith in the American Dream for EVERY American.    Happy 250th Birthday, America! Brad Gerstner July 4, 2026 @TrumpAccounts @InvestAmerica24 @WhiteHouse @MichaelDell

This is because the anti-capitalist left is not actually against people being crazy rich. They're against certain types of people being crazy rich. Artists and athletes make sense to them because they've played music and sports and because their success can be explained by "luck" and "talent". Messi's wealth is not offensive to them because they understand Messi is much better at football than they are. But when it comes to business, the anti-capitalist leftist has no framework for understanding why Jeff Bezos might be super rich since 99% of them have never ever created a product, business or service that was of value to other people. They've never taken entrepreneurial risk. They've never employed people and felt the burden of responsibility that comes with that. They've never pick up a business and given it a play in the way they've picked up a ball or a guitar. They *literally* don't understand wealth creation. They think there is a fixed amount of money and the only thing a business does is split it unfairly. It's why they rage at Elon and other successful business leaders. Because they genuinely don't understand why they're wealthy. Also, and this is just as important, athletes and artists are disproportionately young, attractive, "diverse", left wing etc. Business leaders are "evil" middle aged white men whose success offends the average anti-capitalist leftist because they don't understand a) what it is they do and b) that Elon Musk has the same talent advantage on them as Messi does, it's just harder to measure.

Socialism is like a parasite. It needs a healthy capitalist host to survive. It doesn't create much new wealth on its own. It mostly feeds off the productivity, innovation, and surplus that free markets generate. History keeps proving it.

Musk does not have to spend his own money to fund his projects. In fact most entrepreneurs do not spend or need to spend their own money. I am saying from my personal experience. An investment of $25 million by venture capitalists turned into $10 billlion for the venture capitalists in about 10 years. My own investment was just $75,000. Did I feel discouraged because most of the money was made by venture capitalist? Of course not. Whether the government had taken most of the money, or the venture capitalists, would not discourage me from starting another business using some other people's money. Elon Musk's initial investment in Tesla was only $6.5 million. He did not need to invest the rest, but he wanted to. In fact most entrepreneurs are driven by their desire to solve a problem, especially those who have already made money. No amount of tax would discourage them from solving another difficult problem. Your arguments are simply a hypothesis not supported by evidence from real life.

From @WSJFreeEx via @WSJOpinion: Elon Musk officially entered the canon of the greatest inventors, builders and capitalists not only of our time but arguably of humankind. What a time to be alive. What an extraordinary era to build, writes @EliseStefanik.

From @WSJFreeEx via @WSJOpinion: Elon Musk officially entered the canon of the greatest inventors, builders and capitalists not only of our time but arguably of humankind. What a time to be alive. What an extraordinary era to build, writes @EliseStefanik.