"The changes to come will be every bit as daunting as what the world saw in the industrial and digital revolutions. Yet our policymakers are ill-prepared—and, in the case of our president, dramatically unwilling—to ensure that these changes benefit everyone rather than a tiny cabal of hyper-wealthy tech oligarchs."
"We must develop a new social contract that begins with the basic premise that artificial intelligence must serve humanity, not the bottom line of a billionaire class that seeks to become a trillionaire class at our expense."
"We need to tax extreme wealth in order to meet human needs, which is why I support the proposed onetime 5 percent wealth tax on California billionaires and have proposed federal legislation to raise $4.7 trillion in revenue by taxing billionaires."
"If the representative from Silicon Valley can stand up for billionaire taxes, it shouldn't be that hard for other House members and senators to do the same."
The AI revolution will significantly transform society, comparable to past industrial and digital revolutions. Policymakers are unprepared, risking benefits for a wealthy elite. A new social contract is necessary, prioritizing human needs over billionaire profits. Taxing extreme wealth is essential to fund societal needs, including a proposed 5 percent wealth tax on California billionaires. Legislation aims to raise substantial revenue from billionaires and corporations, challenging Congress to support equitable taxation for the benefit of all citizens.
Read at The Nation
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