Sanders’ AI takeover: Government ownership plan targets America’s hottest tech firms

The more things change, the more they remain the same, and that is especially true in politics.

As artificial intelligence (AI) continues to evolve and become more prevalent in the business and lives of Americans, it was just a matter of time until someone argued for some measure of government control. To the surprise of nobody, Sen. Bernie Sanders, I-Vermont, is reportedly planning to propose a bill that would result in 50% public ownership of the biggest AI companies.

Look:

BREAKING: Bernie Sanders will introduce a bill to have the public take a 50% ownership stake in the country’s biggest AI companies.

The American AI Sovereign Wealth Fund Act would have the government tax AI companies, take 50% of the stock, and put it under public control.

— More Perfect Union (@MorePerfectUS) June 1, 2026

“BREAKING: Bernie Sanders will introduce a bill to have the public take a 50% ownership stake in the country’s biggest AI companies. The American AI Sovereign Wealth Fund Act would have the government tax AI companies, take 50% of the stock, and put it under public control,” the X post reads.

Mashable explains the bill this way:

The fund would acquire half the stock of the largest AI companies in the country through a mandated equity transfer — Sanders is explicit that this is not a profits tax. The government would then hold voting shares and receive equal board representation at each company, giving it formal power to block decisions deemed harmful to the public.

Revenue generated by the fund would flow directly to Americans as cash payments, with Sanders indicating that, as the fund grows, proceeds would eventually support broader public goods, including healthcare, education, and housing. He points to Norway’s sovereign wealth fund and Alaska’s Permanent Fund Dividend as working models of the concept.

X users reacted to the proposal:

Sounds nice to the public, but this could also be a mask for a government bailout of overspending if companies can’t find adequate returns with what they’ve contributed already for Ai and data centers.

— Glass Lens Investment Research (@GlassLensRes) June 2, 2026

So, Communism.

— The🐰FOO (@PolitiBunny) June 1, 2026

that’s retarded wealth destruction; nothing held under public control has ever turned profitable.

— Andrew 💥♻️ (@rinconhilldad) June 1, 2026

lol. Public control. Meaning him and his buddies. Communist confiscating wealth in the name of the people when the people will never see any of that wealth is evil and unconstitutional.

— William Hurst (@midpackergeek) June 1, 2026

Welcome to America, the land of opportunity. Here you can work hard, invent something, and once you’re successful the government will take half and tax you on the other half.

— Ron Rule (@ronrule) June 1, 2026

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