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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund
(www.sanders.senate.gov)
This is a most excellent place for technology news and articles.
He wants to take 7 trillion dollars from AI companies. That's what a sovereign wealth fund is, it's when you take profits from a source, and store it to use on things like health care, wellfare, pensions, public transport, housing, infrastructure, ect.
Can you show everybody here where that money will come from?
Is the money in the room with us right now?
Lol, good one, who actually thinks AI companies are profitable?
The page says it's a one-time tax... so which AI companies have that?
I would like to know how much would actually be in that fun right away rather than what it could maybe be. Valuations are skewed. We know this. Just look at WeWork.
It's giving the government controlling ownership of the company.
They're saying the values of the seized shares would be $7T
"Up to" is doing some heavy lifting there. Who the heck told Bernie there's $14 trillion of AI stocks to take?
https://isaiprofitable.com/