All articles tagged with #ai tax
Bill Gates has published a memo advocating an AI tax, a category of human-only jobs, and new institutions to manage the transition, arguing industry leaders privately fear AI risks even as they stay quiet publicly; Europe’s robotics rules and the AI Act do not implement these proposals, highlighting a gap between Gates's call for regulation and current policy.
Sen. Bernie Sanders proposed a $7 trillion sovereign wealth fund funded by a 50% tax on the stock of the largest AI companies, to distribute annual dividends to Americans (over $1,000 per person) and grant public governance influence via an Independent Commission for Democratic AI; the plan would also require separating AI from non-AI business in major firms, faces resistance from AI industry leaders, and is unlikely to pass soon but is pitched as a starting point for public benefit discussions.
Sen. Bernie Sanders unveiled a sweeping AI policy to require the U.S. government to take 50% equity stakes in large AI firms earning at least $200 million in AI-related revenue, with a new sovereign wealth fund paying a 5% annual dividend to Americans; the proposal would also force a separation of AI and non‑AI businesses and could apply to a wide range from data centers to robotics, raising questions about scope, investor dilution, and how such a program could actually work, while similar ideas are reportedly being discussed at the White House on a smaller scale.