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If AI does deliver on its promises, then this should result in an unprecedented increase in societal wealth and correspondingly living standards. However, this
by pHue 8mo ago
If AI does deliver on its promises, then this should result in an unprecedented increase in societal wealth and correspondingly living standards. However, this entirely rests on governments collectively fulfilling their wealth redistribution function.
My fear though is that without an effective world government, AI companies/companies using AI to replace workers (and the shareholders of both) will exploit the many loopholes in the global tax system (and there will be a race-to-the-bottom among states to attract 'investment' from these companies/individuals) to avoid paying anything like the current tax revenues governments receive from salaried workers — making UBI policies impossible.
Ideally, a world government could be established (though if the United Nations is anything to go by this might not be a great solution...) but in the absence of this effective Digital Services taxes will become essential to continue to fund current public services (nevermind UBI).