Sanders' AI wealth fund is a corporate bailout dressed up as reform — the tech giants stay in private hands, run by the same profit-driven executives, while workers own nothing and control nothing. Negotiating the terms of this bill with Sam Altman himself exposes the scheme for what it is. The capitalist state won't redirect AI toward eliminating poverty; it'll harness it for war and surveillance.
AI was built on the collective knowledge of humanity, and the wealth it generates must benefit humanity — not just a handful of Silicon Valley billionaires. The American AI Sovereign Wealth Fund Act would give the public direct ownership and board representation in the biggest AI companies, blocking decisions that hurt working families. When a public resource generates wealth, the public deserves a share of it.
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