Senator Bernie Sanders has introduced legislation that would create a sovereign wealth fund funded by a one-time 50% tax on the stock of major AI companies. Any AI firm with at least $200 million in annual AI revenue would be subject to the tax.
Sanders estimates the fund could be worth $7 trillion, generating hundreds of billions of dollars per year for direct payments to Americans and programs like health care, education, and housing. Under the plan, each American would likely receive more than $1,000 annually in dividends.
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