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Proposed AI Dividend Would be Funded by Taxes on AI and Paid to US Citizens

Cointelegraph
New York lawmaker Alex Bores proposed an AI dividend program to support US citizens facing potential job displacement from artificial intelligence.

Summary

New York assemblymember and congressional candidate Alex Bores has introduced an "AI Dividend" proposal designed to provide financial support to Americans affected by job displacement due to artificial intelligence. The plan suggests funding the program through taxes on AI usage, equity stakes in AI corporations, and tax reforms that prioritize human labor over automation. In addition to direct payments, the proposal aims to fund workforce training and safety oversight. While proponents fear mass unemployment, some financial analysts note that current labor market impacts remain modest, though they acknowledge AI could potentially challenge historical employment trends.

(Source:Cointelegraph)