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Vance Advocates for Government Ownership of AI Giants; Musk Says Cash Handouts to the Public Are the Best Way to Address Future Deflation
Svmuu News: U.S. Vice President JD Vance stated in an interview with *CEO Diary* that Donald Trump supports the establishment of a U.S. sovereign wealth fund to hold equity stakes in cutting-edge AI companies.Vance believes that large AI companies should not be allowed to evolve into unchecked monopolies, and advocates for mechanisms involving state ownership and worker participation to enable ordinary workers to directly share in the economic benefits brought by AI. In response, Musk publicly stated on X that, rather than the government holding equity in companies, a better solution would be for the Treasury Department to distribute cash directly to the public. Musk argued that, driven by AI and robotics, the growth rate of goods and services supply will outpace the growth rate of the money supply; therefore, direct cash distribution would not cause inflation, and the real challenge in the future will be “major deflation.” The main point of contention between the two centers on the path of wealth distribution. Vance favors distributing profits through state participation in the production sector, while Musk advocates for direct subsidies to the public on the consumption side and opposes government intervention in corporate ownership structures.
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