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"The pitchforks are here": Billionaires work to contain AI's populist revolt

America's billionaires are developing their own prescriptions for AI-fueled inequality, anxious to defuse a populist revolt aimed at their ballooning fortunes. Why it matters: The AI boom has dramatically raised the stakes of the wealth-tax debate, unleashing a technology that could wipe out millions of jobs while minting the world's first trillionaires. Populist politicians, particularly on the left, have cast this as capitalism's next great reckoning : an even deeper concentration of wealth a…

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AxiosCenter·7h ago
"The pitchforks are here": Billionaires work to contain AI's populist revolt
America's billionaires are developing their own prescriptions for AI-fueled inequality, anxious to defuse a populist revolt aimed at their ballooning fortunes. Why it matters: The AI boom has dramatically raised the stakes of the wealth-tax debate, unleashing a technology that could wipe out millions of jobs while minting the world's first trillionaires. Populist politicians, particularly on the left, have cast this as capitalism's next great reckoning : an even deeper concentration of wealth a…
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"The pitchforks are here": Billionaires work to contain AI's populist revolt

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