i have now been saying this for years ever since i used GPT-4:
we’re going to need to raise corporate taxes and give tax breaks to companies based on how many humans they employ
this will probably become a necessity very soon
but no policymakers care (yet)
this will be a key issue in 2028
AI agents will be able to do a massive amount of white-collar work for pennies on the dollar.
You are going to see massive extremes in productivity inequality - there will be human individuals that figure out how to orchestrate thousands of agents productively, making them 100-1000x more productive than other humans - and those people will be rare, not the norm. And honestly, even if AI can do a lot of the heavy lifting of that orchestration, I am not sure anyone should be doing it - just in the same way I don't think anyone should be a CEO or politician. But that's another problem.
Every country is going to have to figure out the redistribution problem through taxes that support the economic security of their citizens, whilst humans figure out what is left for them to do (stewardship, taste, intangibles, human to human experiences, art, craftsmanship, etc)
A tax break employing a few humans in "busy" work will barely make a dent - nor is it desirable imo - we should be figuring out how to make humans freer and supporting their transition to whatever the future is going to look like - not tying them up in meaningless "busy work".
The only way that I can see it working is some kind of tax on agents that pays for UBI or better still collective ownership (think sovereign wealth fund for AI) so everyone benefits from the productivity gains.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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