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How to share AI riches

  • Jun 14
  • 1 min read

THE ECONOMIST   —   Beneath the populist packaging lies a serious idea. Wealth in America is already concentrated: the top 1% own nearly a third of it and the bottom half just 2.5%.


If AI substantially raises the returns to capital relative to labour, that divide could widen; superintelligence, if it materialises, could make much human labour obsolete, leaving the gains to whoever owns the machines. In such a future, giving the public a stake starts to look prudent.


In one sense, citizens already have a claim on AI success. Governments tax corporate profits, which is an efficient way of sharing in firms’ upside without picking winners or exposing taxpayers to losses.


Read the full story  |  THE ECONOMIST




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