Emad Mostaque
👤 SpeakerAppearances Over Time
Podcast Appearances
And that is why in the coming weeks, I will introduce the American AI Sovereign Wealth Fund Act.
This legislation would give the public a direct ownership stake in the largest AI companies in America through a one-time 50% tax, not on profits, but on stock.
It would do two extremely critical things.
First, it would give the American people a direct role in determining the future of this technology.
No longer would the future of AI be dictated by a handful of big tech oligarchs while the rest of the world sits back and watches them do what they want.
Secondly, it would guarantee that the trillions potentially created by AI are used to improve the lives of all of us, not simply to make the richest people on Earth even richer.
And I have to tell you, this is not an original idea.
OpenAI has proposed creating a public wealth fund.
Anthropic has proposed national sovereign wealth funds with stakes in AI.
Elon Musk has said direct federal payments are the best response to AI-driven unemployment.
The principle is quite simple.
When a public resource generates wealth, the public should share in that wealth.
Artificial intelligence is being built on a public resource far more valuable than oil.