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Paul Graham refutes the myth that tax policy drives economic inequality, arguing instead that technology facilitates faster company growth and wealth creation, as seen in the shift from inherited fortunes to tech-based ones in Forbes lists.
The article discusses how artificial intelligence is contributing to economic inequality in America, potentially creating a new underclass.
Senator Elizabeth Warren proposes taxing AI to redistribute wealth from Big Tech to the public, citing risks of job losses, rising costs, and economic inequality.