U.S. Senator Bernie Sanders has unveiled a sweeping plan aimed at giving all Americans a direct stake in the AI industry. At the heart of the proposal is a government-run sovereign wealth fund worth around $7 trillion. The fund would be financed through a one-time 50% tax on the stock holdings of major AI companies generating substantial AI-related revenue.
Sanders argues that the economic benefits of AI should be shared broadly rather than concentrated among a small group of technology companies and investors. The fund would provide annual payments to Americans while also supporting public services such as healthcare, education, and housing. It would also give the public greater influence over decisions made by large AI companies.