alt Hacker News> there's a fiscal hole that has to come from somewhere.
Why? If new technology is invented that enables us to do new things with fewer resources doesn’t that create wealth? It didn’t take it, it made a new thing.
> there's a fiscal hole that has to come from somewhere.
Why? If new technology is invented that enables us to do new things with fewer resources doesn’t that create wealth? It didn’t take it, it made a new thing.
You should do the math on how much AI would have to create in order to fill the hole. Spoiler: we'd need nearly the best case scenarios for AI driven global GDP growth predicted by the most bullish firms, we'd need to regress to pre-Reagan corporate tax rates AND the AI companies would need to suddenly grow a conscious and stop their tax avoiding ways.