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Sanders' AI Wealth Fund, 50% Equity Transfer, 69% Support

7/13/2026

47 7 Full Breakdown

Summary

Sanders Proposes AI Fund

Senator Bernie Sanders introduced the AI Sovereign Wealth Fund Act in June, requiring AI firms to transfer 50% of equity to a public fund.
A June Verasight poll of 1,690 U.S. adults showed 69% support the equity transfer.
Goldman Sachs economist Joseph Briggs estimates the AI shift could displace 15 million U.S. workers, 9% of the labor force, within ten years.
Windfall Trust says the fund could finance AI infrastructure.

Summary

Trump Proposes AI

The bill forces AI firms earning over $200 million annually to split AI and non-AI units, prompting reorganizations at Microsoft and Google.
It creates a $7 trillion sovereign-wealth fund that could pay $1,000 yearly to each American, overseen by a bipartisan commission with voting shares.
Nearly 70% of AI workers back the half-stock transfer, prompting U.S. President Donald Trump’s White House to propose a public-ownership AI infrastructure plan.

History

Historical Context

In 1976 Alaska voters, led by Governor Jay Hammond and Attorney General Avrum Gross, approved a constitutional amendment creating the Alaska Permanent Fund, funded by oil royalties. Managed by the Alaska Permanent Fund Corporation, the fund grew to about $64 billion by 2019 and has paid annual dividends of roughly $1,600 per resident. The new AI Sovereign Wealth Fund Act mirrors this profit-sharing model.

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Sanders Proposes AI Fund

Senator Bernie Sanders introduced the AI Sovereign Wealth Fund Act in June, requiring AI firms to transfer 50% of equity to a public fund.
A June Verasight poll of 1,690 U.S. adults showed 69% support the equity transfer.
Goldman Sachs economist Joseph Briggs estimates the AI shift could displace 15 million U.S. workers, 9% of the labor force, within ten years.
Windfall Trust says the fund could finance AI infrastructure.

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