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Preparing for an AI tax crisis

Preparing for an AI tax crisis

Marketplace vor 2 Monaten

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26:09

If artificial intelligence really does replace human labor, the
U.S. could be in for a tax revenue crisis. That’s because high
unemployment shrinks the pool of taxable wages. In this episode,
we visit Akron, Ohio — the former tire capital of the world — to
learn what happens when lost jobs snowball into lost government
funding. Plus: Economists hope for cake but will settle for
crumbs in Fed Chair Warsh’s Jackson Hole Symposium speech, and a
new plan for Colorado River drought management draws backlash.

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Read the stories in today’s episode:

Will Fed Chair Warsh actually say anything in his big Friday
speech?

Two years after Hurricane Helene, Asheville Tea Company finds
a new home

What Akron's rubber bust can teach us about a possible AI tax
crisis

The new Colorado River plan is out, and it's already under
fire