Sen. Elizabeth Warren (D-Mass.) is calling for new taxes on artificial intelligence (AI), warning that rapid automation could deepen inequality, displace workers and concentrate wealth among tech elites.
AI And Inequality Warning
In a TIME article published Wednesday, Warren argued that AI is accelerating an economy that already favors the wealthy.
She warned of a future in which technology could create a "permanent underclass" and "break society" through extreme wealth concentration.
"Americans are hanging on by their fingernails," she wrote, saying AI is already producing tech billionaires while workers face layoffs tied to automation.
