A new proposal targets the largest AI companies with a major tax. The plan would create a sovereign wealth fund for Americans. Direct payments and funding for public programs are at stake.
Media and technology professionals tracking the intersection of AI and public policy have a new development to watch: Sen. Bernie Sanders has introduced a plan that could reshape how wealth from artificial intelligence companies is distributed in the United States. The proposal aims to redirect a significant portion of the financial gains from the largest AI firms directly to the American public.
According to details shared with The Associated Press, the legislation would establish a sovereign wealth fund managed by an independent commission. This fund would be financed by a one-time 50% tax on the stock holdings of the biggest AI companies. Sanders estimates that this approach could generate nearly $7 trillion for the fund.
The plan outlines that the sovereign wealth fund would produce hundreds of billions of dollars each year. These funds would be used for direct payments to Americans and to support programs in health care, education, and housing. The proposal is positioned as a way to transfer both wealth and power from the AI sector to the broader public, as AI companies continue to grow in value and influence.
