Sanders Bill Would Give U.S. Stake in AI Companies; Analyst Calls Idea 'Nutty'
- A U.S. Senate bill proposes giving the federal government a 50% ownership stake in the largest artificial intelligence companies, creating a sovereign wealth fund estimated at $7 trillion.
- The bill would impose a one-time 50% tax on AI company stock to form a fund that could pay each American over $1,000 annually.
- An independent commission would manage the fund and could use voting shares to block corporate decisions deemed harmful to the American people.
- Experts have criticized the bill as risky and 'absolutely nutty,' suggesting direct taxation and a public AI option as better alternatives.
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16 Articles
Daily Journal
Sanders bill would give U.S. stake in AI companies; analyst calls idea 'nutty'
(The Center Square) – A U.S. Senate bill would give the federal government a 50% ownership stake in the largest artificial intelligence companies, creating a sovereign wealth fund its sponsor estimates would be worth $7 trillion. One policy analyst called…
Bernie Sanders Proposes Public Ownership Stake in AI Giants
Bernie Sanders proposes a public AI wealth fund to give Americans ownership stakes in major AI companies. The plan would tax large AI firms with stock contributions to create a federally managed investment fund. Sanders argues AI profits should benefit the public as concerns grow over wealth inequality and job losses. Senator Bernie Sanders has proposed a plan that would give Americans a direct ownership stake in major artificial intelligence co…
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