" would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax
on the stock of the largest AI companies. "
Interesting proposal.
This is similar to the US President's strategy of forcibly taking stakes in various companies.
It’s a tax. So the government wouldn’t be buying anything. OpenAI (for example) would need to issue 100% new shares and give them to the government to hold in this new sovereign wealth fund. This the new sovereign wealth fund holds 50% of the company.
I don’t know how you decide what companies are targeted though. OpenAI/Anthropic are pure AI plays. But what about an AMZN or AAPL that have AI as only a part of their business.
" would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. "
Interesting proposal. This is similar to the US President's strategy of forcibly taking stakes in various companies.
Is he also proposing that the public carry the losses of AI companies that fail?
we will anyways
So buying out the early investors and dumping the overvalued stock on retail and pension funds to hold the bag.
It’s a tax. So the government wouldn’t be buying anything. OpenAI (for example) would need to issue 100% new shares and give them to the government to hold in this new sovereign wealth fund. This the new sovereign wealth fund holds 50% of the company.
I don’t know how you decide what companies are targeted though. OpenAI/Anthropic are pure AI plays. But what about an AMZN or AAPL that have AI as only a part of their business.
How about the tax on AI Tokens goes toward Basic Income for those who lost their jobs?
So… what’s the difference between Trump’s plan and Bernie’s plan? (It just feels right to say it like that, doesn’t it?)