- United States
- Nev.
- Letter
Co-sponsor and vote yes on the American AI Sovereign Wealth Fund Act. AI is being built on the accumulated knowledge, creativity, and labor of all of us — and the trillions it generates should not flow exclusively to a handful of billionaires in Silicon Valley.
Sanders' own office has warned that AI could eliminate nearly 100 million U.S. jobs over the next decade. Meanwhile, Amazon, Walmart, and JPMorgan Chase are openly telling investors they'll use AI to slash payrolls — while their CEOs pocket $25 to $35 million a year. A sovereign wealth fund, seeded by a one-time 50% tax on major AI company stock, would give the public a direct ownership stake and a real voice in how this technology develops. Norway and Alaska have proven this model works.
This is not a radical idea. Even President Trump has proposed an American sovereign wealth fund by executive order. Sen. Elizabeth Warren and Rep. Greg Casar have introduced complementary proposals. The momentum is there. Get behind this bill.