Economist Anton Korinek warns that AGI could arrive in 2-5 years, rendering human labor obsolete and driving wages to zero, exacerbating inequality and economic instability. He advocates for UBI, AI profit taxes, and education to redistribute wealth and foster human-AI collaboration, ensuring AI's benefits are shared broadly.
President Trump threatened substantial tariffs and export restrictions on countries like France, the UK, and India for imposing digital taxes on US tech giants such as Google, Amazon, and Meta. This escalates trade tensions amid global tax debates. Critics warn of disrupted supply chains and higher costs, potentially hindering innovation.
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