Bernie Sanders Proposes $7 Trillion Plan to Give Americans Control Over AI Industry

Senator Bernie Sanders unveiled a plan to transfer trillions from major AI companies to the public by creating a sovereign wealth fund financed through a one-time 50 percent tax on the stock of AI firms with annual sales of $200 million or more. The fund could be worth $7 trillion, generating hundreds of billions annually for direct payments to Americans and programs like healthcare, education, and housing. Sanders estimated each American would receive more than $1,000 per year in dividends.