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Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund
(www.sanders.senate.gov)
Buying into the grift? Misguided at best.
this post was submitted on 18 Jun 2026
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This is such a bad idea, Bernie got duped hard by the AI hype man in his ear. I hope that this gets sunk in congress, which it probably will because A. Bernie is pushing it, and the GOP hates Bernie and B. I suspect enough of those same idiots will see this as taking from the poor billionaires C. A few sane people in congress will see what a dumb idea it is
Why that's as many as seven Elons! And that's a lot.
I'm not an economic genius, but this doesn't seem like a great idea.
At current valuations, the sovereign wealth fund that would be created under this legislation would be worth an estimated $7 trillion.
Are these companies really worth what their valuations claim to be?
The Independent Commission would use voting shares in these companies to block decisions that hurt the American people and to push for policies that help them.
Wait, who's purchasing the shares in these companies?
it would require large companies that operate both AI and non-AI businesses to break up those businesses, ensuring the public receives an ownership stake in the AI business.
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.
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
- Elon Musk remains untaxed on the profitable parts of his company
- the government is incentivized to build Grok more poison methane turbines to pump its share value
that's some damn philosophers stone lalilulelo bullshit
enough to alter the course of history in the before times
Bernie has good intentions, but he was AI-pilled by Geoffrey Hinton, who ironically also has good intentions. However, they are both out of touch with reality.
what he should be doing is taxing them, and starts regulating datacenters instead. but likely AI TECH is in the pockets of many congresman right now, and governors.