Jeremy Bearer-Friend

We proposed that a sovereign wealth fund be created and managed in trust for the public, with every American receiving a check from this fund annually. The fund would be capitalized by a tax on AI firms paid in stock, not cash.

We propose a tax that would allow the public to own a share of AI itself, not just through future income tax liabilities or new excise taxes, but a proposed ownership structure that requires a one-time tax payment by generative AI firms in the form o...