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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund
(www.sanders.senate.gov)
this post was submitted on 18 Jun 2026
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Technology
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Oh no doubt, the industry is very, very sick. Incestuous even.
In the other hand, there’s very little downside to a 50% tax on all AI companies. It’s not an investment so there’s no chance of losing your nest egg.
A 50% government ownership in only the AI portion of company shares, you mean?
Wouldn't the Trump administration then have an interest in making the share value go up for those companies?
Yes, and if they do go up, that would actually benefit the citizens, because they are publicly owned. I’m not sure why this is hard to understand? The only difference is that it’s not owned by tech oligarchs.
Profit motives tend to do bad things. Like the poison emissions caused by Grok data centers. Like the 2000 missiles launched with it too - remember those?
Why do you want the Trump administration to help Elon Musk make more profit all of a sudden?
Why are you painting that as a good thing?