Could Americans Build Wealth Through AI? Why Trump May Be Considering Equity-Sharing Scheme
The policy has attracted support from both sides of the aisle on how to respond to AI, but economists still have concerns.
- The AI equity-sharing scheme proposes a sovereign wealth fund capitalised by a 3–5% tax on AI company revenues and licensing fees on training data, with annual dividends to every U.S. citizen.
- Bipartisan support includes Senator Josh Hawley (R-MO) and Senator Elizabeth Warren (D-MA), both of whom have previously criticised big tech concentration.
- A leaked policy memo suggests each eligible American would receive a single non-transferable 'AI Share' entitling them to a proportional dividend payout projected at $1,000–$2,000 per year within a decade.
- The plan mirrors Alaska's Permanent Fund Dividend model, which has paid residents annual oil-revenue dividends since 1982, providing a real-world precedent.
- A 2026 poll by the Center for Public Opinion found 68% of Americans support the concept, though economists warn of implementation complexity, inflation risk, and potential for politicised fund management.
**WHO** – Former President Donald Trump's policy advisers, with input from Democratic and Republican lawmakers. **WHAT** – An equity-sharing mechanism that would create a public AI investment fund, with every American holding a non-transferable share. **WHERE** – Washington D.C., with implications for the entire U.S. economy. **WHEN** – The proposal is in early stages; Trump could unveil it as a 2028 campaign platform. **WHY NOW** – As generative AI reshapes industries, fears of job displacement and wealth concentration have reached a fever pitch, making a populist wealth-sharing idea politically potent.
The concept draws inspiration from Alaska's Permanent Fund, which pays annual dividends from oil revenues. Under the Trump plan, a 'National AI Dividend Fund' would be seeded by a 3–5% levy on AI company revenues and a portion of licensing fees for AI training data. Analysts estimate the fund could distribute $1,000–$2,000 per citizen annually within a decade, assuming conservative growth. Proponents argue it would turn AI from a job killer into a source of universal basic wealth, aligning with Trump's populist brand. However, critics on the left question whether the plan would do enough to protect workers, while free-market conservatives worry about government intervention and capital misallocation.
**KEY DETAILS** – The scheme is being spearheaded by a cross-partisan working group including Senator Josh Hawley (R-MO) and Senator Elizabeth Warren (D-MA), both of whom have criticised big tech monopolies. A leaked draft memo proposes each U.S. resident (or citizen) receive one 'AI Share'—a claim on a portion of future dividends. The fund would be managed by an independent board. Implementation would require legislation, likely facing stiff opposition from tech lobbyists. A recent poll by the Center for Public Opinion found 68% of Americans support the concept, though details matter.
**ANALYSIS** – This is a political earthquake waiting to happen. Trump is borrowing a page from progressive wealth-fund advocates while wrapping it in a nationalist, pro-worker narrative. If he formally adopts it, the AI equity-sharing scheme could become the defining economic issue of the next election. It forces Silicon Valley to defend its outsized rewards in an age of automation, and it could realign traditional party coalitions. As economist Daron Acemoglu noted in a recent essay, 'The question is not whether AI wealth will be shared, but how—and who decides.'
**OUTLOOK** – Expect a high-profile rollout if Trump declares his candidacy. The proposal will face gruelling scrutiny in Congress and the courts. Meanwhile, other nations—including Singapore and the UAE—are watching closely as they consider similar 'AI sovereign wealth fund' models. The next 12 months will be critical in determining whether this radical idea moves from a campaign stunt to a real policy blueprint.
Frequently Asked Questions
The AI equity-sharing scheme is a proposed policy that would create a sovereign wealth fund capitalised by taxes on AI companies and licensing fees. Every U.S. citizen would receive a non-transferable share entitling them to annual dividends, aiming to distribute AI-driven wealth broadly.
Under the plan, a National AI Dividend Fund would be established. It would be funded by a 3–5% levy on AI company revenues and a portion of fees from AI training data licensing. Each eligible American would receive one 'AI Share' and receive dividend payments, expected to start at $1,000–$2,000 per year within a decade.
Trump is considering the AI equity-sharing scheme to address growing concerns about job displacement and wealth concentration from artificial intelligence. It aligns with his populist economic message and could become a key part of his 2028 presidential campaign platform.
Critics include free-market conservatives who fear government overreach and capital misallocation, and some progressives who argue the plan doesn't do enough to protect workers displaced by AI. Economists also warn of inflation risks, valuation challenges, and potential politicisation of fund management.
No country has yet implemented an AI-specific wealth-sharing program. However, the model is inspired by Alaska's Permanent Fund Dividend, which distributes oil revenue to residents. Singapore and the UAE are reportedly studying similar 'AI sovereign wealth fund' concepts.
It faces significant hurdles: legislation would need to pass a divided Congress, and tech companies are likely to lobby against new taxes. The plan may first emerge as a campaign platform, with political viability depending on public support and the next presidential election outcome.
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www.forbes.com
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