Story perspectives

Sanders Proposes 50% AI Tax, $7 T Fund Pays $1 K Dividends

6/18/2026

Summary

Story summary

Senator Bernie Sanders proposed a one-time 50% stock tax on AI firms with $200 million in sales, creating a $7 trillion sovereign wealth fund.
President Donald Trump would nominate a seven-person commission, confirmed by the Senate, to manage the fund.
The commission would use voting shares to block decisions harming the public.
The fund aims to pay a 5% dividend, delivering more than $1,000 to each American and supporting health, education and housing.

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Story summary

Senator Bernie Sanders proposed a one-time 50% stock tax on AI firms with $200 million in sales, creating a $7 trillion sovereign wealth fund.
President Donald Trump would nominate a seven-person commission, confirmed by the Senate, to manage the fund.
The commission would use voting shares to block decisions harming the public.
The fund aims to pay a 5% dividend, delivering more than $1,000 to each American and supporting health, education and housing.