'The time has come to reclaim what was stolen from us': Bernie Sanders wants the American public to own 50%…
- Bernie Sanders introduces American AI Sovereign Wealth Fund Act proposal
- OpenAI, Anthropic, xAI and others could have to pay a one-time 50% tax (in shares)
- Trump is also exploring ways to distribute wealth generated in the AI boom
US Senator Bernie Sanders has unveiled plans to introduce an American AI Sovereign Wealth Fund Act in a bid to enable US citizens to benefit from the success of AI companies.
Under the scheme, the public could be granted a direct ownership stake in America's biggest AI firms, as the proposal would impose a one-time tax, paid in company stock and not cash, on major AI firms like OpenAI, Anthropic and xAI.
Because Sanders argues that AI has been built on society's collective knowledge, culture and research, he believes the economic gains should be shared broadly rather than concentrated among just a few leaders.
Sanders says the public should benefit from AI...
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