Bernie Sanders Proposes $7 Trillion Plan to Put AI Industry Under Public Control

Senator Bernie Sanders has introduced legislation that would create a sovereign wealth fund financed by a one-time 50 percent tax on the stock of the largest AI companies. Any AI firm with at least $200 million in annual sales would be subject to the tax, including new companies once they reach that threshold. Sanders estimates the fund could be worth $7 trillion, generating hundreds of billions annually for direct payments to Americans and programs such as healthcare, education, and housing, with each American likely receiving over $1,000 per year in dividends.