Joseph H. Davis expects the technology to resemble electricity, benefiting the users more than initial providers.
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Economics
Jun 25, 2026
Joseph H. Davis
If AI delivers as promised and fundamentally transforms the economy, we will have moved from the current investment phase, where AI builders dominate, to one where AI users will reap the greatest reward. That is what happens every time an innovation becomes a general-purpose technology.
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The AI revolution comes with a hidden tax
