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OpenAI Urges AI Taxes for Social Safety Nets
PYMNTS·
OpenAI has released a policy paper advocating for taxes on automated labor and AI-driven capital returns. The company warns that widespread job displacement due to AI could significantly reduce payroll tax revenue, jeopardizing essential social programs like Social Security, Medicaid, and SNAP. OpenAI suggests that implementing these taxes is crucial to maintaining the funding for these vital safety nets and mitigating the economic fallout from increasing automation. This proposal highlights a growing concern about the societal impact of advanced AI technologies and the need for proactive policy responses.
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ai
regulation
fintech
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