Published • loading... • Updated
Bernie Sanders Unveils Plan to Give the Public Direct Ownership of AI Companies
The proposal would tax major AI firms in stock and send Americans yearly dividends, with the fund projected at $7 trillion.
- 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.
Insights by Ground AI
Podcasts & Opinions
108 Articles
108 Articles
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Sanders bill would give U.S. stake in AI companies; analyst calls idea ‘nutty’
A U.S. Senate bill would give the federal government a 50% ownership stake in the largest artificial intelligence companies, creating a sovereign wealth fund its ... The post Sanders bill would give U.S. stake in AI companies; analyst calls idea ‘nutty’ first appeared on [your]NEWS.
Daily Journal+41 Reposted by 41 other sources
Sanders bill would give U.S. stake in AI companies; analyst calls idea 'nutty'
(The Center Square) – A U.S. Senate bill would give the federal government a 50% ownership stake in the largest artificial intelligence companies, creating a sovereign wealth fund its sponsor estimates would be worth $7 trillion. One policy analyst called…
·Cherokee County, United States
Read Full Article
Coverage Details
Total News Sources108
Leaning Left17Leaning Right25Center34Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
