public-ownership

Bernie Sanders proposes a $7 trillion sovereign wealth fund funded by a 50% tax on large AI companies, with annual dividends to Americans and public oversight to ensure AI benefits the public.

Political figures from Donald Trump to Bernie Sanders, along with OpenAI CEO Sam Altman, are discussing the concept of public ownership in AI companies, reflecting growing populist pressure to share AI's economic benefits with the public.

In this op-ed, Senator Bernie Sanders argues that because AI is built on collective human knowledge, the public should own half of major AI companies through a sovereign wealth fund, ensuring democratic control and that profits benefit society.

A new proposal suggests imposing a one-time 50% stock tax on the largest AI companies in the United States, allowing the public to directly hold ownership stakes and using the trillions of dollars generated to improve the lives of all citizens, ensuring that the future of AI is not determined by a handful of billionaires.

Bernie Sanders argues that AI should benefit the public and proposes the American A.I. Sovereign Wealth Fund Act to give the public ownership stake in major AI companies through a 50% tax on stock.