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

    • seaQueue@lemmy.worldEnglish
      271·
      11 months ago

      Sorry, the best we can do is a small marginal tax increase on income over $1M and a 50¢ bump to the minimum wage.

      • edgemaster72@lemmy.worldEnglish
        171·
        11 months ago

        Better spread out that wage increase over a reasonable period of time, like 10-25 years. Wouldn’t want to burden the precious job creators out there.

        /s

      • Restaldt@lemm.eeEnglish
        2·
        11 months ago

        50¢? Whoa now you arent trying to send us down the road of commies now are ya?

        Better cut that raise in half at least

      • iByteABit [he/him]@lemm.eeEnglish
        1·
        11 months ago

        But, you know, after the economy revives by state simping for the private banks, maybe we’ll discuss it then