A proposed AI tax would wreak havoc on the global economy. A recent Financial Times essay argued it is time to start discussing a targeted tax on artificial intelligence companies to address expected job losses from AI. While the intentions behind such a proposal may seem well-meaning, an AI tax at this juncture would be premature and also sets a dangerous precedent.
First and foremost, projections of massive job losses stemming from AI are highly speculative. It is true that some studies forecast widespread employment losses. A report from the consulting firm McKinsey estimated that 30 percent of current work […]
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