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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund
(www.sanders.senate.gov)
this post was submitted on 18 Jun 2026
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Technology
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I'm not an economic genius, but this doesn't seem like a great idea.
Are these companies really worth what their valuations claim to be?
Wait, who's purchasing the shares in these companies?
Separate the profitable part and let the oligarchs keep that for themselves??
ETA: Bernie Sanders has been mislead by an actual AI doom cult leader, so the AI-is-inevitable lobby's foot is already in the door with him.
Oh god, he's listening to yud?
Bernie, my man, you're too old for this one. Your discernment breaks in this basin. Get out and find some youths you know and trust for reasons outside politics and tech.
We need to make aggressive nationalization cool again. A thank you card, a pizza party and a "you won at capitalism" medal. Throw them in prison if they complain, China does it with their CEOs.
Nobody is purchasing the shares here, it’s a tax.
The "tax" is the ownership of those stocks...
This is so bizarre because with other funds, they're done for proven profitable things. Oil in Alaska. We could have gone after all tech company stock, but Bernie Sanders only went for the unproven, unprofitable thing.
In what way is a tax a purchase? It’s ownership but not purchase.
The government, on threat of imprisonment, says give us your stock. No money changes hands, only the AI companies lose.
Neat. The government gets a 50% stake in only the Grok part of SpaceX, not the profitable parts of it... And then the government has an incentive to help Grok profit.
This is bad because it seems like