Bernie Sanders Wants a U.S. Sovereign Wealth Fund for AI

> Senator Bernie Sanders introduced the American A.I. Sovereign Wealth Fund Act, proposing a one-time 50% stock tax on large AI companies. This would create a $7 trillion public fund, managed by an independent commission, distributing 5% of its value annually to Americans.

That makes no sense. Where will the cash come from to distribute to Americans? Assuming that for all tax / regulatory purposes you now classify Google as an AI company (which I think is a huge stretch), they are the only "large AI company" will distribute a dividend, and FWIW, their dividend yield is only 0.24%.

Anthropic and OpenAI, which I assume are the only other two "large AI companies" will not pay dividends. They will have to reinvest for a very very long time before they pay out dividends, if ever. Alphabet only started paying dividends in 2024.