“Declines in labor-based tax receipts could offset or exceed other AI-related tax gains,” Moody’s notes, echoing similar calls from the IMF that fiscal policy include progressive taxation and social protections to mitigate AI-related budgetary impacts.
"We saw the news that this rocket had crashed into Poland. It had flown almost directly over us, and we thought, 'oh, this is a great chance'", explained Prof Robin Wing at the Leibniz Institute of Atmospheric Physics in Germany.
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