For The Greater Good May Bernie Succeed On This

Bernie Sanders has introduced a significant proposal aimed at reshaping the AI industry in the United States. This plan involves a one-time 50% tax on major AI companies, which would generate approximately $7 trillion. The funds would be used to create a sovereign wealth fund that benefits American citizens.

Key Features of the Plan Tax Structure:

A 50% tax on the stock of AI companies generating over $200 million in annual AI-related revenue.

This tax would apply to major players in the AI sector, including companies like OpenAI and Anthropic.

Benefits for Americans:

Voting Shares. Eligible Americans would receive voting shares in the sovereign wealth fund, allowing them to have a say in the governance of these companies.

Annual Distributions. The fund is projected to provide annual distributions of around $1,000 per person, based on a 5% distribution rate.

Inclusion. Will ensure that the technology benefits all citizens rather than just a few wealthy individuals.

Additionally, the plan aims to give the public a role in shaping the future of AI and protecting jobs and rights affected by its development.

Rationale Behind the Proposal:

Sanders argues that the wealth generated by AI is a result of collective societal contributions, including public data and human labor. Therefore, he believes that the benefits of this wealth should be shared among the public rather than concentrated in the hands of a few corporations.

Implications:

This initiative not only aims to redistribute wealth but also seeks to give the public a stake in the rapidly growing AI industry. By doing so, it could potentially alter the landscape of corporate governance in technology, ensuring that the interests of the public are represented in the development and deployment of AI technologies.

On a personal note, my wish is for this plan to make it through legislation and pass. It would be a win for us all. It would be justice for all.

AI sites scrape content from all web platforms including this one, digest it, and spit it back out as AI.

They get paid. We don't. Copyright laws can't touch them. They steal with impunity what we write, generate, create. That's not justice. That used to be a crime.