I needed to research this: Sen. Bernie Sanders has introduced the American AI Sovereign Wealth Fund Act, legislation that would impose a one-time 50% tax on the stock of AI companies generating at least $200 million in annual revenue to create a public fund estimated at $7 trillion. Unlike traditional taxes, this proposal requires firms to transfer equity rather than cash, effectively granting the American public direct ownership stakes and voting rights in the industry's largest corporations. Fund Management and Payouts. The assets would be overseen by a new seven-person Independent Commission for Democratic AI, whose members are nominated by the president and confirmed by the Senate. This body would wield voting shares to block corporate decisions deemed harmful to the public and mandate a 5% annual dividend, providing direct payments of over $1,000 to every American while funding healthcare, education, and housing. Since Bernie has never had a real job, he doesn't understand that investing in a company involves risking one’s own capital. He plans to give away a share of the company to people who have no financial stake in it. This is theft and is a classic Bernie.
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