A Majority of Americans Now Support Seizing Wealth From AI Industry

To say Americans are divided on AI would be an understatement.

Polls have shown that more people than ever have a negative view of the tech, and you can take your pick on the reasons why. AI could displace jobs, destroy the environment, and drive up energy bills. It’s trained on stolen writing and artwork, and chatbots are driving people into mental health spirals.

But what does the public think should be done about this? A new national survey from Versasight suggests that the majority of Americans are down for taking a drastic course of action.

According to the survey of 1,700 adults, an impressive 69 percent of US employees support forcing AI companies to transfer 50 percent of their stock into a public wealth fund, an idea that has been championed by senator Bernie Sanders (D-VT).

“In the eyes of the public, AI Sovereign funds are seen as a tool to distribute the gains from the AI industry back to broader society,” Verasight CEO Benjamin Leff told CNBC News.

Once at the fringe of political discourse, Sanders took the idea mainstream when he proposed the American AI Sovereign Wealth Fund Act in June. In an essay published in the New York Times, the independent senator argued that the creation of this fund would “give the public a direct role in determining the future of this technology.”

“It would guarantee that the economic benefits generated by AI are used to improve the lives of all of us — not simply to make the richest people in the world even richer,” he added in a statement last month.

The act would target the largest AI companies in the US such as Anthropic and OpenAI, mandating that they submit to a one time 50 percent tax on their stock. At their current valuations, Sanders estimated that this would create a fund worth around $7 trillion. The money in this fund could offset some of the widespread disruption AI could wreak on society, the thinking goes.

Not all AI industry critics are on board. Some have argued that giving the government such a large stake in AI companies would encourage it to clear away regulations, and give AI companies even greater influence over the government than they already have.

You could say it’s a flawed and far-fetched idea, but Americans are on board, perhaps underscoring the desperation for someone to do something about the industry. Even when the policy was explicitly tied to Sanders, the survey found that 64 percent of respondents still supported the idea.

“There is an undeniable desire among Americans of both parties for federal oversight, absolute transparency, and accountability to ensure AI safety and to enable all Americans to participate in the economic benefits of AI,” Leff said in a statement.

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