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. (03:26–03:41)
CLAIM
Asserts that the proposed legislation involves a 50% tax on AI company stock for public ownership.
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