Sam Altman · Fortune Technology
Sam Altman's big pitch to patch the big AI mess sounds like Jamie Dimon's
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Sam Altman wants Washington to tax AI’s winners, and he’s put it in writing.
Key facts
- While Congress passed, and Trump signed the TAKE IT DOWN Act, a law regulating deepfakes, other efforts discourage strong regulation
- In 2023, Altman testified before Congress, urging the government to implement regulations for AI and emphasizing its potential risks
- Sam Altman wants Washington to tax AI’s winners, and he’s put it in writing
- JPMorgan Chase CEO Jamie Dimon also thinks AI will shave the work week down to three and a half days, and improve life, even curing some cancers
Summary
On Monday, OpenAI released a 13-page paper entitled “ Industrial Policy for the Intelligence Age: Ideas to Keep People First. ” It offers a sweeping policy blueprint that proposes tax hikes on corporate income, among other revenue-boosting levers that shift the tax burden from labor to capital. “Policymakers could rebalance the tax base by increasing reliance on capital-based revenues—such as higher taxes on capital gains at the top, corporate income, or targeted measures on sustained AI-driven returns—and by exploring new approaches such as taxes related to automated labor,” the report reads. Even in the face of relentless warnings about AI’s presumed labor market disruption, the Trump administration has doubled down on an anti-regulatory stance on the technology’s development. Fortune reached out to OpenAI for comment, inquiring about the AI policy proposal.