AI will enable computer programs to
Posted: Sat Apr 05, 2025 4:51 am
“read legal documents” and “provide medical advice” in the next five years; in the next 10 years, computers will “do assembly-line work” and “maybe even become companions , ” he said. “And in the decades after that, [AI] will do almost everything, including new scientific discoveries that will expand our concept of ‘everything.’ It sounds utopian, but it’s something technology can deliver (and in some cases has). Imagine a world in which, for decades, everything — housing, education, food, clothing, etc. — became more expensive by half every two years. In this future, where wealth comes from corporations and land, governments should tax capital, not labor, and those taxes should be distributed to citizens , ” Altman said.
Altman has proposed an American Equity Fund that would tax sufficiently large companies at 2.5 percent of their market value in the form of company stock and 2.5 percent of the value of all land in the fax lists form of dollars. Private companies with annual revenues of $1 billion or more would also be taxed, and they would pay in cash, Altman said . “Every citizen over the age of 18 would receive payment in both dollars and company stock. People could do whatever they want with that money,” Altman said.
By giving every citizen ownership of the country, society would improve for everyone . “Everyone who owns a share of Amazon wants the stock price to go up. Because people’s individual assets grow along with the country’s, they have a literal interest in seeing their country do well ,” Altman said.
Under this system, in 10 years, the 250 million adults living in America would receive $13,500 a year, Altman said. To arrive at that number, Altman estimated that the $50 trillion value of U.S. companies by market capitalization and the $30 trillion of private land in the United States would “roughly double” over the next decade.
Altman has proposed an American Equity Fund that would tax sufficiently large companies at 2.5 percent of their market value in the form of company stock and 2.5 percent of the value of all land in the fax lists form of dollars. Private companies with annual revenues of $1 billion or more would also be taxed, and they would pay in cash, Altman said . “Every citizen over the age of 18 would receive payment in both dollars and company stock. People could do whatever they want with that money,” Altman said.
By giving every citizen ownership of the country, society would improve for everyone . “Everyone who owns a share of Amazon wants the stock price to go up. Because people’s individual assets grow along with the country’s, they have a literal interest in seeing their country do well ,” Altman said.
Under this system, in 10 years, the 250 million adults living in America would receive $13,500 a year, Altman said. To arrive at that number, Altman estimated that the $50 trillion value of U.S. companies by market capitalization and the $30 trillion of private land in the United States would “roughly double” over the next decade.