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Vance advocates for government ownership of AI giants, while Musk argues for direct cash handouts to address future deflation.

2026-06-21 02:13:35
Shareshare
According to Odaily Planet Daily, US Vice President JD Vance, in an interview with CEO Diary, stated that Trump supports establishing a US sovereign wealth fund and holding equity in cutting-edge AI companies. Vance believes that large AI companies should not be allowed to develop into unchecked monopolists, advocating for government ownership and labor participation mechanisms to allow ordinary workers to directly share the economic benefits brought by AI. In response, Musk publicly stated on the X platform that a better solution than government ownership of corporate equity is for the Treasury to directly distribute money to the public. Musk stated that driven by AI and robotics, the growth rate of the supply of goods and services will exceed the growth rate of the money supply, therefore direct cash handouts will not lead to inflation; the real challenge in the future is "deflation." The main point of contention between the two lies in the path of wealth distribution. Vance favors government participation in distributing profits on the production side, 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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