Bernie Sanders Proposes $7 Trillion Plan for Public Ownership of AI Industry

Senator Bernie Sanders has unveiled legislation to create a $7 trillion sovereign wealth fund funded by a one-time 50% tax on the stock of the largest AI companies. Any firm with annual AI sales of $200 million or more would be subject to the tax. The fund would generate hundreds of billions of dollars annually for direct payments to Americans and programs like health care, education, and housing, with each American expected to receive over $1,000 per year in dividends.