A proposal for the U.S. Treasury to buy minority stakes in AI companies like OpenAI and Anthropic, then gradually shift those holdings into broad market index funds. The returns would fund universal basic income for citizens.
Chapters
One of the earliest executive orders from this administration was to order the Secretary of Treasury to explore setting up a sovereign wealth fund. And it's not difficult for me to imagine a scenario where the US Treasury does take golden shares, call it 5 to 10%, in OpenAI and Anthropic to complement its existing portfolio. And then some amount of time from now, maybe sometime in the next few years, there's a great rebalancing. We get our sovereign wealth fund, but rather than being a basket of 20 or 30 or 40 tech-oriented or strategic companies, Instead, the federal government eases into, say, an S&P 500 or a total market index, gradually liquidating its holdings in the individual companies in favor of a total market index. And that, children, is how we got our universal basic income, or equity.