Economics (2)

Taxing AI's Winners to Insure its Losers

Key Takeaway AI and automation will likely lead to increases in income inequality. Governments need to implement "inequality insurance" by automatically increasing tax rates on the top 1% when inequality exceeds certain thresholds. This will help compensate workers who lose jobs to automation. READ MORE

Interest Rates and AI Innovation

Key Takeaway The key takeaway is that interest rates may rise due to increased investment and innovation opportunities created by advancements in AI and other technologies, leading to higher economic productivity and growth. However, the trajectory of interest rates remains uncertain. OpenAI CEO Sam Altman questions what will happen to…