If AI really changes the economy, who pays for the disruption?
Artificial Intelligence is already shifting how many of us live and work. If the tech titans of our era have their way, we're just getting started on a path of massive economic transition. We’ve been hearing from experts all week about how America’s system of taxation may need an overhaul if AI takes over an increasing number of human jobs. If AI shrinks the workforce and tax base, a sovereign wealth fund could help make up the difference. But critics warn of unintended risks. We dig in. Then, what to look for in Fed Chair Kevin Warsh's remarks in Jackson Hole this week.
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