I don't trust a "sovereign wealth fund" of any kind in the US because look who the fuck is in office. It could be run by generations of faithful public stewards and then one day the antithesis of all that is good and faithful gets into office and loots the FUCK out of it.

No- it would have to be a direct dividend like oil money in Alaska; and I'd argue it should be closer to 75% of AI companies but that's just me. Either way, a direct to taxpayer (not every person every TAXPAYER; if you want to be a fucker about it every citizen that pays taxes) dividend would be way way better than some kind of AI "wealth fund" that wall st or k street will find some way to pillage sooner rather than later