"As Khosla put it, the idea was spurred by President Donald Trump's decision for the U.S. government to purchase a 10% stake in Intel. "When Trump bought 10% of Intel, I wondered if it wasn't a good idea," Khosla said onstage at Disrupt. "Take 10% of every corporation and put it in a national pool for the people. That's really interesting. Just take 10% of every public company.""
"Khosla acknowledged the controversy onstage but said extreme proposals were necessary to sustain social cohesion through the disruption of artificial general intelligence. "I'll get critique for this idea," Khosla said. "But you know, sharing the wealth of AI is a really, really big need to level the benefits to everybody ... We won't need to do it in 15 years, but we do have to take care of those people. We will, by 2035, have a hugely, hugely deflationary economy.""
The U.S. government could acquire 10% stakes in every public corporation and place those shares in a national pool to redistribute corporate wealth to the public. The idea draws on a U.S. purchase of a 10% stake in Intel as a precedent. Redistributing corporate equity aims to share AI-created abundance, level benefits across society, and sustain social cohesion amid the disruption of artificial general intelligence. AI-driven automation is expected to displace many jobs and produce a deflationary economy by 2035, requiring significant societal changes and care for affected workers. Startup founders have opportunities to build AI tools across many professions, including accounting, medicine, chip design, auditing, marketing, and entertainment.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]