{"id":121518,"date":"2021-04-13T21:25:08","date_gmt":"2021-04-14T04:25:08","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/04\/openai-founder-sam-altman-chalks-out-a-wealth-for-all-plan"},"modified":"2021-04-13T21:25:08","modified_gmt":"2021-04-14T04:25:08","slug":"openai-founder-sam-altman-chalks-out-a-wealth-for-all-plan","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/04\/openai-founder-sam-altman-chalks-out-a-wealth-for-all-plan","title":{"rendered":"OpenAI Founder Sam Altman Chalks Out A \u201cWealth For All\u201d Plan"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/openai-founder-sam-altman-chalks-out-a-wealth-for-all-plan.gif\"><\/a><\/p>\n<p>Altman suggests taxing capital rather than labour. And, these taxes can be used to distribute ownership and wealth to citizens. Altman said his idea is nothing new but is more critical than ever as AI applications outclass their contemporaries. \u201cIf everyone owns a slice of American value creation, everyone will want America to do better,\u201d wrote Altman.<\/p>\n<blockquote class=\"\" id=\"h-we-should-therefore-focus-on-taxing-capital-rather-than-labor-and-we-should-use-these-taxes-as-an-opportunity-to-directly-distribute-ownership-and-wealth-to-citizens\"><p>\u201cWe should therefore focus on taxing capital rather than labor, and we should use these taxes as an opportunity to directly distribute ownership and wealth to citizens.\u201d<\/p><\/blockquote>\n<p>Pinning careers and hopes to <a href=\"https:\/\/analyticsindiamag.com\/openai-ai-progress-efficiency\/\">Moore\u2019s law<\/a> does sound like utopia, and even Altman admits it. He also believes that the AI revolution will compensate for the disruption by generating new jobs. Jobs, which we haven\u2019t heard of yet (think: urban rodentologist). That\u2019s why the OpenAI co-founder stresses establishing a system that will result in a society that is \u201cless divisive\u201d and enables everyone to participate in its gains. According to him, this technology revolution is an eventuality, and nothing can stop it. The revolution will be further accelerated as machines that make machines get smarter. For example, OpenAI\u2019s GPT-3 was used to generate machine learning code, a million-dollar startup idea in itself. One application can put many developer jobs at risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altman suggests taxing capital rather than labour. And, these taxes can be used to distribute ownership and wealth to citizens. Altman said his idea is nothing new but is more critical than ever as AI applications outclass their contemporaries. \u201cIf everyone owns a slice of American value creation, everyone will want America to do better,\u201d [\u2026]<\/p>\n","protected":false},"author":513,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1878,6],"tags":[],"class_list":["post-121518","post","type-post","status-publish","format-standard","hentry","category-employment","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/121518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=121518"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/121518\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=121518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=121518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=121518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}