When it comes to the president, chaos is often the strategy. For businesses like Smeaton’s the opposite is needed—stability. Wearing Morph suits might be fun and gain you 5 million views on YouTube. But a potential wipeout of your profits after the latest announcement from the White House is hardly a laughing matter.
“Declines in labor-based tax receipts could offset or exceed other AI-related tax gains,” Moody’s notes, echoing similar calls from the IMF that fiscal policy include progressive taxation and social protections to mitigate AI-related budgetary impacts.
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