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"The program would kick in at the moment the government decides that AI has begun to “meaningfully” displace workers. The memo describes that meaningful change as either a persistent decline in labor force participation, a compression of wages in sectors affected the most by AI, or a notable increase in AI-driven productivity without a parallel measure of job growth.

The funds would come from “a combination of AI-linked revenue mechanisms,” according to the memo. These mechanisms could include the federal government taking equity stakes in major AI firms or a complete tax code reform, which would include a “modest tax” on AI consumption that would be tied to the amount of tokens used.

“If AI can substitute for labor rather than complement it, then our tax code is actively subsidizing job elimination."
https://gizmodo.com/house-candidate-unveils-plan-to-pay-americans-who-face-ai-job-displacement-2000748609