Bearer-Friend & Polcz Op-Ed: Let the Public Share in the Rewards of Artificial Intelligence

Jeremy Bearer-Friend (George Washington) and Sarah Polcz (UC Davis), Let the Public Share in the Rewards of Artificial Intelligence, The Hill (Op-Ed):

While those are huge problems for the public, private shareholders feel little obligation to address them.

How, then, to manage the rising harms of AI? Publicly share the rewards of AI with partial public ownership.

Under our proposal, recently published in the Columbia Journal of Tax Law, systemically important AI firms would pay a new tax with stock, not cash.

About the Author

Andrew D. Appleby

Andrew Appleby is an Associate Professor of Law at the University of Tennessee Winston College of Law. He has particular expertise in state and local taxation, taxation of the digital economy, sports taxation, and applied tax policy. Prior to joining academia, he practiced multistate tax law at leading law firms for a decade, and he now co-authors the State Taxation treatise with Prof. Walter Hellerstein.