Bernie Sanders: “Alaska created a sovereign wealth fund that has paid…”

“Elon Musk has said direct federal payments are the best response to AI driven unemployment. Over 100 sovereign wealth funds already exist worldwide. Norway used its oil wealth to create a 2 trillion dollar public fund. Alaska. Alaska created a sovereign wealth fund that has paid dividends directly to residents for a decade. Every year, people in Alaska get a piece of the action from their oil revenue. Even President Trump has proposed establishing a United States sovereign wealth fund.” (05:01–05:08)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.