Bernie Sanders Proposes 50% Equity Tax on Major U.S. AI Companies

U.S. Senator Bernie Sanders has announced plans to introduce the "American AI Sovereign Wealth Fund Act," which aims to impose a one-time 50% equity tax on the largest AI companies in the United States. According to Odaily, the proposal suggests that the collected shares be placed into a national sovereign wealth fund. The fund would distribute the wealth generated by AI to all American citizens through cash dividends, healthcare, education, and housing. Sanders argues that the trillions of dollars generated by AI should not be concentrated among a few tech companies and their shareholders. He plans to release the full text of the bill in the coming weeks. Currently, the proposal is in the policy initiative stage, and there is significant uncertainty regarding its path to legislation and implementation.