David Sacks, who chairs the President's Council of Advisors on Science and Technology, has publicly criticized U.S. Senator Bernie Sanders' plan to nationalize major AI companies by giving the public a 50% ownership stake. He warns that this could lead to a 'CCP-style social credit system' in the United States, where government control over AI could facilitate censorship and surveillance. Sacks acknowledges that while concerns about job losses due to AI are prevalent, he believes the greater risk lies in government involvement in AI development. In contrast, Sanders argues that the foundation of AI is built on collective human knowledge and that its benefits should be distributed equitably. He plans to introduce the 'American AI Sovereign Wealth Fund Act,' which proposes a one-time 50% tax on the stocks of major AI firms to create a public stake. The revenues generated could then support various public initiatives, including healthcare and education, challenging the notion that a small group of technology billionaires should control the future of AI.