- Americans Want AI Companies’ Huge Wealth Added to Sovereign Fund
- 69% would see AI companies forced to transfer 50% of the shares to a sovereign wealth fund.
- The fund would help redistribute wealth and support new infrastructure and development for working-class Americans.
A national survey found that more than two-thirds (69%) of US citizens want AI companies to transfer half of their shares to a sovereign wealth fund.
The survey, conducted by Verasight among 1,690 adults, also found that there was overwhelming support (89%) for AI companies to publicly disclose the results of all internal security tests.
The sovereign wealth fund, proposed by Senator Bernie Sanders, would provide wealth for current and future generations, as well as act as a source of capital to invest in new projects and developments designed to improve the lives of working-class Americans.
Americans want wealth redistribution thanks to AI
In announcing Sanders’ proposed US AI Sovereign Fund Act, the senator said: “It would ensure that the economic benefits generated by AI are used to improve the lives of all of us, not simply to further enrich the world’s richest people.”
“The future of AI and the fate of humanity should not be decided behind closed doors in Silicon Valley by billionaires seeking to maximize their power and profits,” Sanders said.
Interestingly, the poll only saw a small drop in support to 64% when the sovereign wealth fund was tied directly to Sanders, showing the bipartisan desire for the huge growth in AI wealth to be redistributed among Americans.
According to a Goldman Sachs report, companies operating in the artificial intelligence industry have added more than $27 trillion in market value since the end of 2022, with corporate profits and technology investment soaring. But at the other end of the scale, working-class Americans are seeing their jobs replaced and entry-level positions disappear due to artificial intelligence technologies.
Another Goldman Sachs report predicts that during the 10-year AI transition period, up to 15 million American workers could lose their jobs, about 9% of the current American workforce.
In 2026 alone, the technology sector has experienced more than 166,000 layoffs, many of which are attributed to the adoption of new artificial intelligence technologies. Layoff tracker trueup expects this number to rise to 312,000 by the end of the year.
Electricity prices are also rising in the United States due to demand for artificial intelligence data centers, raising the cost of daily living for millions of Americans. As a result, US representatives have introduced a bipartisan Taxpayer Protection Act that would force artificial intelligence companies and hyperscalers to pay for the energy they use, with additional charges to help fund the expansion of electrical infrastructure that data centers have put under additional load.
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