Who gets the gains from AI?

The richest one percent in the United States owns more than half of the country’s stock market. Fortune cites this Federal Reserve figure to explain why gains associated with artificial intelligence could reach households very unevenly. When a company’s value rises, those who own its shares may see their wealth grow. If a significant share of those stocks is held by the wealthiest people, they will also receive a significant share of stock market gains. That is the starting point for a proposal by Bill Gates. The Microsoft cofounder argues that, in the age of artificial intelligence, governments will have to tax large fortunes to address inequality. Donations from the wealthiest people can help, he says, but they should not be the main safety net.

Full episode: https://youtu.be/f5BQCG0suQ0

🤖 AI-generated content: the script, voices, and images in this episode were produced using artificial intelligence tools.

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