This California Billionaire Wants to Tax AI Tokens to Create a Sovereign Wealth Fund

This California Billionaire Wants to Tax AI Tokens to Create a Sovereign Wealth Fund

"We cannot have 12 trillionaires and 40 million people who can't make rent," says Tom Steyer.

The Audacious Plan to Tax Every AI Computation and Build America’s First Sovereign Wealth Fund

A California billionaire has proposed what may be the most unusual tax idea in Silicon Valley history: charge a fee on every token processed by artificial intelligence systems and use the revenue to create a sovereign wealth fund for the American people. The proposal comes from Vinod Khosla, the venture capitalist and Sun Microsystems co-founder whose net worth Forbes pegs north of $10 billion, and it’s already generating fierce debate across th…