Bernie Sanders Unveils Plan to Give the Public Direct Ownership of AI Companies
The plan would tax AI stock instead of cash and could create a nearly $7 trillion fund for direct payments and public programs, Sanders said.
- Sen. Bernie Sanders unveiled legislation creating a sovereign wealth fund financed by a one-time 50% stock tax on the largest AI companies, making the American public a major shareholder in these firms.
- Sanders previously drew massive crowds during his "Fighting Oligarchy" tour last year alongside Rep. Alexandria Ocasio-Cortez, tapping into widespread public anxiety about artificial intelligence threatening jobs.
- The fund would generate a nearly $7 trillion pool, with a 5% annual dividend providing more than $1,000 to every American while supporting education, housing, and health care programs.
- President Donald Trump and OpenAI CEO Sam Altman have expressed interest in public stakes, though Sanders argues his proposal differs fundamentally from industry "buy off" schemes offering token profit-sharing.
- A seven-person independent commission, nominated by the president and confirmed by the Senate, would manage the fund and direct it to block decisions harming the American people.
20 Articles
20 Articles
Associated Press News
Bernie Sanders unveils plan to give the public direct ownership of AI companies
Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies.
Bernie Sanders plots bizarre AI revolution – The Horn News
As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public. The legislation, shown first to The Associated Press, would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. Sanders estimates that…
How will we distribute AI wealth? Proposal from Bernie Sanders
Bernie Sanders at his own website: Since A.I. is built on the collective knowledge of humanity, the wealth it generates must benefit humanity. Not just Mr. Musk, Mr. Altman, Dario Amodei and other moguls whose companies are positioned to dominate the industry. Not just venture capitalists in Silicon Valley or money managers on Wall Street who undoubtedly see A.I. as the next great wealth-extracting machine. That is why I will soon be introducing…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
