Vance advocates for state ownership in AI giants, while Musk suggests directly distributing money to the public to tackle future 'Great Deflation'

Odaily reports that U.S. Vice President JD Vance stated in an interview with 'CEO Diary' that Trump supports the establishment of a U.S. sovereign wealth fund to hold equity in leading AI companies. Vance believes that large AI companies should not be allowed to develop into unconstrained monopolies, and advocates for ordinary workers to directly share in the economic dividends brought by AI through state shareholding and labor participation mechanisms.

In response, Musk publicly stated on X that a better solution than the government holding corporate equity is for the Treasury to directly distribute money to the public. Musk said that as AI and robots drive growth, the supply of goods and services will outpace the money supply, so directly distributing money would not cause inflation. The real challenge ahead is the 'Great Deflation.'

The divergence between the two primarily lies in the approach to wealth distribution. Vance favors the state participating in and distributing income from the production side, while Musk advocates for directly subsidizing the public on the consumption side and opposes government intervention in corporate ownership structures.