Bernie Sanders Unveils $7 Trillion Plan for American Control of AI
Bernie Sanders has introduced legislation to tax large AI companies, aiming to transfer trillions to the public and grant Americans greater control over the industry. This plan proposes a one-time 50% tax on the stock of AI firms with over $200 million in annual AI sales, potentially creating a $7 trillion sovereign wealth fund. This fund is projected to provide direct annual payments to Americans and support essential programs like healthcare and education, alongside establishing a commission to give the public direct influence over corporate AI decisions. While some AI leaders have acknowledged the need for public benefit, Sanders’ proposal far exceeds their envisioned contributions, emphasizing a belief that AI’s immense wealth must be shared broadly.
John Q. Hosedrinker