US Senator Bernie Sanders is advancing the American AI Sovereign Wealth Fund Act, which would levy a one-time 50% equity tax on the country's largest artificial intelligence companies. The shares collected would be transferred into a newly created national sovereign wealth fund, with proceeds channeled to all Americans through cash dividends, healthcare, education, and housing support. Sanders argues that the trillions of dollars in AI-generated wealth should not be concentrated solely among a handful of tech firms and their shareholders.
The bill remains in the policy proposal stage, with Sanders stating that the full text will be released in the coming weeks. Given the significant uncertainties surrounding the legislative and implementation process, the ultimate impact of the proposal is yet to be determined.