An 'AI dividend' stimmy 🤑

A New York Assembly member running for Congress has proposed "AI Dividend" payments tied to job displacement from artificial intelligence.

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📝 What you need to know

A New York State Assembly member running for the U.S. Congress has proposed an “AI Dividend” to pay Americans whose jobs have been impacted by artificial intelligence.

Democrat Alex Bores argued that with up to 50% of jobs set to be automated in the coming years, there’s a need to address the upheaval by providing “direct payments to Americans.” Those, in turn, would be funded by tax reform that aims to incentivize “hiring humans instead of AI.”

The policy proposal comes as AI developers, including OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft AI CEO Mustafa Suleyman, and Tesla and xAI CEO Elon Musk, have sounded warnings that the technology could eliminate large numbers of jobs.

Of course, the last time stimulus checks were handed out on a large scale, Americans promptly spent up to an estimated $40 billion on stocks and crypto. So… this is good for Bitcoin?

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