Moore's Law for Everything (2021)
Sam Altman argues that AI will lead to a massive shift in wealth from labor to capital, necessitating new public policies like wealth redistribution. He suggests that taxing capital and land will be essential to ensure society benefits from the coming AI-driven economic revolution.
My work at OpenAI reminds me every day about the magnitude of the socioeconomic change that is coming sooner than most people believe. Software that can think and learn will do more and more of the work that people now do. Even more power will shift from labor to capital. If public policy doesn’t adapt accordingly, most people will end up worse off than they are today.
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