AI's deflationary dystopia: Higher taxes, UBI
The guest argued that AI will be a deflationary but socially disruptive force, displacing enough jobs to necessitate radically higher taxes (including on capital/wealth) and some form of Universal Basic Income (UBI).
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The Callback
AI boosts productivity without net job losses
13 weeks between these two statements.
The guest expressed both excitement and worry about AI's potential to create a society needing far fewer workers, viewing the transition as the primary risk.
The guest argued that AI will be a deflationary but socially disruptive force, displacing enough jobs to necessitate radically higher taxes (including on capital/wealth) and some form of Universal Basic Income (UBI).