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AI Profits to People: NY's Revolutionary Plan to Fund Citizens Amid Tech Job Losses
Crypto

AI Profits to People: NY's Revolutionary Plan to Fund Citizens Amid Tech Job Losses

3 hours ago•CoinTelegraph via AI

As artificial intelligence accelerates across American industries, a New York lawmaker has introduced a bold solution: the 'AI dividend.' This groundbreaking proposal would tax AI implementation and secure equity stakes in AI companies, creating a financial safety net for workers whose jobs fall victim to automation.

The dividend would function similarly to Alaska's oil fund, distributing profits directly to US citizens when AI meaningfully impacts employment. Rather than allowing tech companies to exclusively benefit from automation, this plan ensures all Americans share in AI prosperity. The measure represents a creative attempt to balance technological progress with economic security, potentially establishing a new social contract for the age of artificial intelligence.