Bernie Sanders proposes $7 trillion sovereign wealth fund to give Americans control of the AI industry

Bernie Sanders has unveiled a plan to create a sovereign wealth fund financed by a one-time 50 percent tax on the stock of large AI companies with annual sales over $200 million. The fund could reach an estimated $7 trillion, generating hundreds of billions of dollars each year for direct payments to Americans and public programs.

Under the proposal, each American would likely receive more than $1,000 annually in dividends. The legislation aims to transfer control of AI industry profits from corporations to the public.

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