Bernie Sanders has unveiled a plan to create a sovereign wealth fund funded by a one-time 50% tax on the stock of the largest AI companies, targeting firms with at least $200 million in annual AI sales. The fund could total $7 trillion, generating hundreds of billions annually for direct payments to Americans and programs like healthcare, education, and housing.
Under the proposal, each American would likely receive more than $1,000 per year in dividends. The legislation aims to transfer control of the AI industry from private firms to the public.
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