00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Senator Bernie Sanders proposed legislation that would create a sovereign wealth fund
00:06financed by a one-time 50% tax on stock from AI companies with at least $200 million in annual
00:13AI sales. According to the Associated Press, Sanders estimates the tax would generate a
00:18nearly $7 trillion fund, yielding hundreds of billions annually for direct payments and public
00:23programs. The proposal would transfer stock rather than cash, making the public a major
00:28shareholder in the largest AI firms. A presidentially nominated, Senate-confirmed
00:33seven-person commission would oversee the fund and use its voting shares to protect public
00:37interests and promote beneficial policies. Sanders projects the fund would deliver direct
00:42payments of more than $1,000 annually to every American, with additional gains directed toward
00:47education, housing, and health care. For all things money, visit Benzinga.com.
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