美国副总统詹姆斯·戴维·万斯与参议员伯尼·桑德斯皆提议设立主权财富基金，让联邦政府直接持有首要人工智慧（AI）企业的股份，桑德斯甚至主张政府应占有百分之五十的股权。虽然这项提案看似能让政府共享AI产业的利润以缩减贫富差距，但其背后隐含著显著的财务与政策风险。（关键数字：50）

实际上，美国政府目前已能借由企业税、员工个人所得税和股东资本利得税等管道分享AI产业成长的红利。在当前美国面临财政赤字的情况下，利用借来的资金去投注高度变动的AI市场，无异于举债进行高风险投机，此举与挪威利用财政盈余和国有自然资源创立主权基金的成功模式截然不同。

此外，政府若身兼AI产业的投资人与监管者，将难以保持客观，不仅会因挑选特定赢家而造成市场不公，还会推高其他新创公司的资金成本，进而削弱美国AI产业的竞争力。在美国既有资本市场资金充足且运行良好的情况下，政府强行介入并非明智之举。

Vice President JD Vance and Senator Bernie Sanders both propose establishing a sovereign wealth fund to give the federal government a direct stake in leading artificial intelligence (AI) companies, with Sanders even advocating for a 50% government ownership. While this proposal may seem like an appealing way to share AI wealth and reduce inequality, it carries significant financial and policy risks.

In reality, the U.S. government already benefits from the growth of the AI sector through corporate taxes, income taxes on workers, and capital gains taxes on shareholders. Given the current U.S. budget deficit, investing in an AI sovereign wealth fund essentially means betting with borrowed money, a highly risky speculation that differs sharply from Norway's successful model financed by budget surpluses and natural resource revenues.

Furthermore, if the government acts as both an investor and regulator in the AI industry, it will struggle to remain neutral, distorting the market by picking winners and raising capital costs for new startups. Since U.S. capital markets are already robust and fully capable of funding innovation, direct government intervention is an unnecessary and counterproductive policy.