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Sen. Bernie Sanders (I-Vt.) said he will soon introduce the American A.I. Sovereign Wealth Fund Act, a bill that would impose a one-time 50% tax on the largest AI companies, paid in stock rather than cash. The proposal would give the public a direct ownership stake in those firms and grant the federal government voting shares and equal representation on each company’s board.

Sanders laid out the plan in a New York Times guest essay published Sunday. He named OpenAI, Anthropic, and xAI as targets and framed AI-generated wealth as a public resource. “Since A.I. is built on the collective knowledge of humanity, the wealth it generates must benefit humanity,” Sanders said.

The federal government would use its voting shares and board seats “to block decisions that hurt our citizens and to push for policies that help them,” according to the essay. Sanders said the fund’s returns would flow back to the public through direct payments and spending on healthcare, education, and housing.

...read more at blockspace.media

Crazy Bernie, but this is actually quite notable.

#1479698

The Overton Window shift is in full motion. Trump with the stake in Intel, Trump Accounts, Sov Wealth Fund... Bessent's financial literacy initiative... the notion that owning Bitcoin is owning equity in the world economy...

Now this gets the Berners onboard with the idea... imagine these pinkos all of a sudden being in support of nukes and datacenters because they own a piece. 5D chess.

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Not a bad idea! Use the proceeds to fund government actions and cut income taxes

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a bill that would impose a one-time 50% tax on the largest AI companies, paid in stock rather than cash.

Isn't this just ripping off investors? Or am I missing something?

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Investors benefit. More of this stock float taken off the market.

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That happens if they don't issue new shares to pay the tax. And what are companies gonna say? That doesn't sound like US stuff, feels like communism. Or am I tripping?

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Central bank = communism.
All the bailouts the government has done. Think of this in the same category companies being forced to give equity to the government.

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This is stealing and should be opposed.

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These people have some truly zany ideas

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