Comment by Sarah Keohane Williamson

Establishing a true sovereign wealth fund, bankrolled by the wealth creation of AI, offers a more practical pathway. If a tax on AI equity offerings or revenues were channeled into such a fund – much like a share of oil royalties – that money could be invested broadly and across generations, so the benefits of the AI boom long outlast today’s markets and offset some of AI’s employment costs. [...] Establishing a durable structure now to capture the upside of AI, like the best oil funds have done, would ensure that at least some of the benefits of the AI boom will accrue to Americans broadly in both this generation and the next.