Bernie Sanders has introduced a bill to tax the biggest AI firms 50%, fund a $7tn public wealth fund, and pay every American over $1,000 a year.

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies.

The Vermont senator wants to create an AI sovereign wealth fund—with an annual public payout.

The stake would be acquired through a tax on AI companies, paid through the issuing of new stock.