00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. economic optimism intensified after data showed gross domestic product expanded at a
00:074.3% annualized rate in the July to September period, according to the Bureau of Economic
00:13Analysis. Tesla CEO Elon Musk said AI could drive double-digit growth within 12 to 18 months
00:19and suggested triple-digit growth may be possible in five years.
00:23Mark Cuban acknowledged AI's growth potential but questioned how concentrated the resulting
00:28wealth could become and what social effects may follow. He warned that without early
00:32planning, rapid productivity gains could leave policymakers unable to respond once hypergrowth
00:37takes hold. The discussion shifted to taxation after former Binance Chain Growth director Tomáš
00:42Wawoda argued that as machines replace human labor, taxing AI could replace calls to tax
00:48the rich.
00:49Cuban said discussions about a robot tax should begin now and supported a flat hourly charge
00:54per robot or COVID regardless of the technology used.
00:56For all things money, visit Benzinga.com.
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