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Larry Ellison Says AI Gains Need a New Tax System as Robots Displace Jobs

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Oracle co-founder Larry Ellison argues that advances in AI could boost productivity and drive economic growth. He proposes taxing the value created by robots as a possible replacement for taxing human labor. According to Ellison, such a system could help fund a universal high income and raise living standards. He acknowledges that some jobs will be displaced but believes automation will open up more efficient forms of work.

Read the full story at Times of India

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