In order for AI businesses’ “winnings” to “benefit all Americans,” Warren suggests taxing them. Creating a shared economic prosperity will necessitate a range of legislative solutions. Time to tax AI and invest in people, though, is where it all begins, Warren said in a Wednesday op-ed for Time magazine.
Additionally, she mentioned that taxing AI could be a means to ensure that all Americans, and not just the wealthy, benefit from AI-related gains.
A well-designed tax would target corporations that can afford it and grow with AI’s impact: the bigger the data center, the more they pay,” Warren writes in his proposal to directly tax AI companies and AI data centers.
Since power prices are expected to “skyrocket,” the Massachusetts Democrat added, families would be able to recuperate a portion of these expenses through the data center energy excise tax. Ideas that “sound radical today” were among the “even bigger and bolder proposals to tax AI” that she put up, but she refrained from going into detail.
In the aftermath of intense partisan and intraparty disputes, legislators are struggling to enact most AI-related rules and policy changes, prompting the progressive to make this recommendation.
According to last month’s annual AI Index Report from Stanford University, public and AI professionals in the United States hold very different opinions on the social impact of AI, and there has been a minor increase in concern about AI goods.
