OpenAI’s new policy paper warns current economic systems are unprepared for advanced AI, proposing tax reforms and a Public Wealth Fund for citizen benefit. This aligns with Vinod Khosla’s call to eliminate income taxes for those earning under $100,000 and tax all income equally, suggesting a shift towards capital-based revenue to fund social programs and ensure shared AI-driven growth.
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Japan and the United States intervened in currency markets to address yen volatility. This joint…