A nation should fund a citizens' dividend from AI windfall profits

Profit sharing can be one tool among many, and the sooner we treat it that way, the sooner we get to the harder work that actually matters.

[...] and that is why, just last week, I introduced the American AI Sovereign Wealth Fund Act. This legislation would give the public a direct ownership stake in the largest AI companies in America. It would allow the American people, through their g...

Better just to send money directly to the people from the Treasury. So long as the increase in goods & services exceeds the increase in the money supply, which will be the case with AI & robots, there will not be inflation. In fact, my prediction is ...

Universal basic income could be financed through taxes on relevant companies.

In the “unprecedented” scenario, the company wrote that more permanent support will be necessary, and it listed several ways to generate and share revenue broadly, including basic income, sovereign wealth models and equity-sharing mechanisms.

Public Wealth Fund. Create a Public Wealth Fund that provides every citizen—including those not invested in financial markets—with a stake in AI-driven economic growth. While tax reforms help ensure governments can continue to fund essential programs...

Companies like Samsung Electronics that outperform profit targets should consider sharing excess gains with suppliers, subcontractors and their workers, after deducting taxes, given their contributions to corporate growth.

Pricing above marginal cost recovers the build-out and returns the operating surplus to citizens as a universal dividend.

In Korea's case, I would tentatively call it a 'national dividend.'

This is modest by design… to provide a tangible signal that every Singaporean has ownership in our shared future.

I propose Citizens' Equity, a simple mechanism wherein corporations contribute fractions of their capital liabilities to a sovereign fund issuing one share to each citizen.

It is not a punishment for innovation — it is an insurance policy.

The American Dividend Plan makes sure the gains from automation and AI are shared with the workers who make our economy run. Today, investors and large companies capture the benefits of rising productivity while many workers face stagnant wages and j...

Meanwhile, AI companies are training their models on the knowledge of billions of human beings. [...] To turn this concept into policy, policymakers could classify human knowledge itself as the capital AI utilizes and require AI companies to pay roya...

[My policy chief's remarks amounted to] a review of a plan to distribute the national excess tax revenue generated from excess profits in the AI sector to the public as a citizen's dividend.

Right now, the priority is to develop capital ownership 'homestead stakes' by as many citizens as possible. [...] Like Alaska, an AI permanent fund would use the dividends and some of the capital gains to create capital income payments. The payouts w...

Rather than doing something immediately, it would be better first to have academic research and examination, and then apply the scholarly findings to reality. It is an issue that, in the later legislative process, must win public consensus and fully ...

Still, it’s difficult to imagine a future in which our dysfunctional Congress passes a law to take a stake in AI companies, and then the government seamlessly redistributes the earnings to the rest of us. And regardless, such arrangements are unlikel...

The federal government is really the only entity powerful enough to be a real check on these companies. If they become joined at the hip, that check goes away. It can easily become a form of regulatory capture.

Universal basic income wouldn't be an antidote to AI-driven job loss.

Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. [...] AI will change work. It will not repeal economics. The best response is not fear-driven universal depend...

The approach here resists utopian assumptions of unlimited resources or models like Universal Basic Income (UBI), Universal Basic Capital (UBC), and mechanisms based on the Alaska Permanent Fund that would seek to exhaust any revenue raised from AI p...

[The national dividend proposal is] an anti-market idea that goes against market principles and is no different from socialist-style distribution.

[On proposals to redistribute AI/semiconductor windfall profits to citizens through a national dividend:] AI is a very young technology. We don't know exactly which way it's going to go. We don't know how well the semiconductor producers are going to...

[The proposal to pay all citizens a dividend from AI and semiconductor windfall profits] is a populist idea driven by an obsession with immediate votes and an act that shakes the foundation of the free market economy.

Would the payment of a basic income to the whole population foster the same macroeconomic mechanism (i.e. a demand-led stimulation)? Yes if such payments anticipate additional production. But, by definition, the unconditional basic income is isolated...

It took a lot of effort to achieve some basic rights, and now neoliberalism is destroying everything: the education system, health care... By giving money to each citizen you are transferring responsibility from the State to the people, so that they ...

UBI does not alleviate poverty and turns social necessities into products for profit. To truly address inequality we need adequate social provisioning. If we want to reduce means testing and dependency on capitalist employment, we can do so with capa...

Basic Income attempts to pay people under what should probably be called the l’Oréal Principle (“because you’re worth it”). They want to be paid first and then perhaps do something later if they feel like it. That is a complete reversal of the princi...

To replace a social security system primarily financed by contributions and based on wage solidarity with a rent paid by the Government and financed by tax income seems a war machine against the welfare state. In addition, an income provided uncondit...

Todas las versiones de la RB, tanto las de derecha como las de izquierda: presuponen la perpetuación del capitalismo (de un capitalismo superproductivo, de hecho); llevan a una sociedad dual, en una fase en la que necesitamos reconstruir la cohesión ...

One-time cash payment is no solution to widening inequality.

Corporate profits are the result of massive investment, technological innovation and the willingness to take the risk of failure. [...] [Raising the idea of a] "national dividend" based on assumed future earnings is extremely dangerous and irresponsi...

Cari amici che sognate il rifiuto del lavoro, questa non è la stessa cosa che la liberazione dal lavoro ed è una cultura di destra e tutt’altro che antagonista al sistema. Voi aspirate a vivere con le briciole che cadono dal banchetto dell’ipercapita...

To claim a share of such wealth without being willing to make this contribution is unfairly to free-ride on those citizens who do make the required contribution. If this unfairness is to be avoided, receipt of an equal share of the relevant types of ...