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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund (www.sanders.senate.gov)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 22 points 4 months ago (5 children)

He wants to take 7 trillion dollars from AI companies. That's what a sovereign wealth fund is, it's when you take profits from a source, and store it to use on things like health care, wellfare, pensions, public transport, housing, infrastructure, ect.

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  • [–] -1 points 4 months ago (2 children)

    The page says it's a one-time tax... so which AI companies have that?

    I would like to know how much would actually be in that fun right away rather than what it could maybe be. Valuations are skewed. We know this. Just look at WeWork.

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  • [–] 0 points 4 months ago (1 child)

    It's giving the government controlling ownership of the company.

    They're saying the values of the seized shares would be $7T

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