Source: Reason
by Katherine Mangu-Ward
“[Bernie Sanders] proposed a one-time 50 percent tax on the largest AI companies, to be paid in shares held by a government-run sovereign wealth fund. The federal government would get voting shares, board representation, and the power to ‘block decisions’ it decides are bad for citizens. This is the worst idea Bernie Sanders has ever had, in a long and illustrious career of terrible ideas. … President Donald Trump’s economic nationalism has made federal ownership, veto rights, and backdoor nationalization feel terribly normal. His administration converted federal grants into a roughly 10 percent stake in Intel, using already-promised CHIPS Act and Secure Enclave money to make Washington one of the company’s largest shareholders. … The right calls it national security. The left calls it democracy. The results are the same: Washington wants shares, seats, vetoes, and a cut of the upside.” (for publication 08/26)
https://reason.com/2026/07/02/no-one-can-control-the-future/