【Vance Advocates for the State to Hold Shares in AI Giants; Musk Says Money Should Be Sent Directly to the Public to Tackle Future Big Deflation】

U.S. Vice President JD Vance, in an interview with CEO Diary, said that Trump supports establishing a U.S. sovereign wealth fund and holding equity in cutting-edge AI companies. Vance believes that large AI companies should not be allowed to grow into unrestrained monopolies, and argues for mechanisms such as state shareholding and worker participation so that ordinary workers can directly share the economic dividends brought by AI.

In response, Musk publicly replied on the X platform, saying that compared with the government holding corporate equity, a better approach would be for the Treasury to send money directly to the public. Musk said that with AI and robots driving faster growth in the supply of goods and services than the growth rate of the money supply, direct payments would not cause inflation; in the future, what truly needs to be addressed is “big deflation.”

The two sides’ main disagreement centers on the path for distributing wealth. Vance favors sharing the gains from the production end through state involvement, while Musk argues for direct consumer subsidies to the public and opposes government involvement in corporate ownership structures.