Sanders Wants to Tax AI Giants 50% to Fund Sovereign Wealth
Senator proposes one-time 50% stock tax on AI companies hitting $200M in annual AI sales to build a sovereign wealth fund.
Bernie Sanders is coming for Big AI's wallet. The senator has introduced legislation that would slap a one-time 50% stock tax on AI companies once they cross $200 million in annual AI sales.
The revenue would flow into a new sovereign wealth fund — essentially Uncle Sam's own investment portfolio, bankrolled by the AI boom.
The timing is deliberate. AI companies are sprinting toward trillion-dollar valuations as they reshape entire sectors of the economy. Sanders clearly wants the public to get a cut before the window closes.
The $200M threshold targets the industry's biggest players while leaving smaller AI startups untouched. Whether a tax of this magnitude could survive Congress is another matter entirely, but it puts a concrete number on the growing political appetite to redistribute AI-generated wealth.