tech
Bernie Sanders Unveils $7 Trillion Plan to Give Americans Control of AI Industry
Biggest AI firms will likely recoil at Bernie Sanders’ AI wealth fund.
TL;DR
- Bernie Sanders proposes a plan to create a $7 trillion sovereign wealth fund for the public.
- The fund would be financed by a one-time 50% tax on the stock of AI companies with over $200 million in annual AI sales.
- Estimated annual dividends for each American could exceed $1,000.
- The legislation aims to give Americans direct influence over AI corporate decision-making through a newly formed commission.
- The plan is significantly bolder than proposals from some AI industry leaders.
- Critics, like David Sacks, have labeled the plan as 'confiscation of property'.