Bernie Sanders Proposes AI Sovereign Wealth Fund with 50% Equity Tax
U.S. Senator Bernie Sanders has unveiled plans for the "American AI Sovereign Wealth Fund Act," proposing a one-time 50% equity tax on major AI companies. The initiative aims to channel shares into a national fund, distributing AI-generated wealth to Americans through dividends, healthcare, education, and housing. Sanders argues that AI advancements, built on public investment, should benefit all citizens rather than a select few.
The proposal, which emphasizes wealth redistribution over restricting AI development, contrasts with previous calls to halt AI data center expansion. Analysts note the unprecedented nature of such a tax in U.S. history, highlighting unresolved issues like company scope and fund allocation. The bill's full text is expected soon, amid growing political discourse on AI wealth distribution.
