Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.

It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

  • dack@lemmy.worldEnglish
    6·
    9 months ago

    Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

    • iByteABit [he/him]@lemm.eeEnglish
      3·
      9 months ago

      If they haven’t done all this until now, what makes you think they’ll do it then?

      The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.