Bernie Sanders unveils $7T plan to give Americans control of AI industry
3 hours ago
- #public control
- #AI legislation
- #wealth redistribution
- Bernie Sanders proposes legislation creating a sovereign wealth fund funded by a one-time 50% tax on stock of major AI companies.
- AI firms with $200 million annual AI sales would be taxed, with funds generating hundreds of billions annually for public benefits.
- Estimated $7 trillion fund could provide over $1,000 annually per American in dividends and support healthcare, education, housing.
- Independent Commission for Democratic AI, with bipartisan members, would oversee fund and block harmful corporate decisions.
- Sanders emphasizes public influence to ensure AI benefits ordinary people, contrasting with AI firms' less bold proposals.