this post was submitted on 16 Oct 2023
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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined

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[โ€“] dack@lemmy.world 6 points 1 year ago (1 children)

Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

[โ€“] iByteABit@lemm.ee 3 points 1 year ago

If they haven't done all this until now, what makes you think they'll do it then?

The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.