Original link: Sanders' AI wealth fund legislation: AI Was Built on Your Content. One Senator Wants You Compensated. / LinkedIn.
First thougth: this is just another disguised tax.
And it is a tax. It is a one time 50% equity tax on AI companies with more than 200 M$ in annual revenue.
And in general I do not have much faith in Bernie Sanders economic policies.
But there is a point. The value of LLM's (which is currently the value of AI!) is based on content not produced by the AI companies. The producer of that content does not receive a cent from the AI companies.
It does not have to be a tax managed by the government. Just require the AI companies to comply with licenses of the content as reproducers. But that would be a hassle, so AI companies would actually prefer a tax over a more traditional market and copyright based approach.