An AI Tax Could Be the Great Equalizer America Needs
“A tax is the best way to secure the public’s standing as a co-owner of AI,” argue Sarah Polcz and Jeremy Bearer-Friend.
Recently, a radical idea—public ownership of AI—has gained bipartisan support. In June, Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act, proposing that the largest AI companies donate half their stock to a public fund. The poll shows that 69% of Americans back this proposal. However, OpenAI's Sam Altman and President Donald Trump are now competing to create their own AI sovereign wealth funds, raising concerns.
A tax is the better solution since it's mandatory, ensuring the public's ownership of AI. Polls indicate public support for an AI equity tax. The ongoing negotiation focuses on the terms of public co-ownership. The proposal aims to ensure that if AI brings prosperity, it will be shared broadly, transparently, and with public accountability.
Written by urgent.news from Time's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
