California gubernatorial candidate proposes 'token tax' to fund jobs for AI-displaced workers
tom steyer proposes a token tax on big tech to fund a golden state sovereign wealth fund guaranteeing jobs for workers displaced by ai.
California gubernatorial candidate Tom Steyer proposed a "token tax" on big tech companies, levying a fraction of a cent for every unit of data processed by AI. Revenue would fund a "Golden State Sovereign Wealth Fund" intended to guarantee jobs and benefits for workers displaced by automation, alongside infrastructure projects. The plan establishes a new AI Worker Protection Administration (AIWPA) and expands unemployment insurance, positioning the state as the first major economy to secure AI-impacted workforces.