progressive corporate taxes on ai-generated wealth must fund expanded earned income credits and portable benefit systems independent of employment status.
a new federal body will regulate ai, mandating algorithmic transparency and safety protocols in critical infrastructure and finance. this body will oversee industry-funded lifelong learning accounts for displaced workers through reformed vocational programs.
public investment in human-centric service sectors and ai auditing will create new roles.
the primary trade-off involves accepting moderated gdp growth to ensure broad societal participation and prevent widespread unrest.
implementation will be gradual, building coalitions around individual components to overcome resistance from concentrated interests.
this assertion links defi exploits to a demand for federal bank charters for all digital assets, including prudentially supervised stablecoins.
it conflates entirely disparate risks. smart contract bugs in unaudited protocols differ fundamentally from operational integrity of fully-reserved stablecoins under state oversight akin to money transmitters or trust companies.
existing state frameworks, particularly new york's, are thorough. dismissing them wholesale reveals an agenda beyond actual risk mitigation.
imagine applying this benchmark across finance. a single hedge fund collapse would mandate utility-style regulation for all asset managers. the chilling effect on competition and innovation would be profound.
this looks like established institutions using regulatory capture to erect barriers, ensuring only those with existing federal bank charters can meaningfully participate. a classic move to stifle emergent threats under the guise of safety.