Getting Ahead of AI's Economic Disruption

"The cuts were political, not technological. But strip that away and what remains is the most concrete demonstration we have of what happens when a large category of federal professional work disappears faster than any system can absorb it — and why the standard policy response is not enough to cover these numbers."

"New modelling by researchers at the Windfall Trust, intended to illustrate how AI-related job losses might erode tax bases, suggests the net impact for an “average” OECD economy might be near-neutral in a “low impact” scenario."

"The Congressional Budget Office (CBO) estimates that the US government will collect $1.8 trillion in payroll taxes in 2026, compared to $404 billion in corporate taxes. Canadian income tax makes up about 46% of the country’s total tax revenue. In France, that number increases to 52.4%, according to a report published by Windfall Trust, a non-profit dedicated to mitigating the negative economic effects of AI usage."

“The survey—shared with TIME ahead of its release on Tuesday—was conducted by the Windfall Trust and the Collective Intelligence Project, two nonprofits that said they were seeking ‘to kickstart the conversations around how we can all ensure the benefits of the predicted “AI boom” reach the people who need it most.’”