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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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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