A “tech tax” is necessary if the world is to avoid a dystopian future in which AI leads to a concentration of global wealth in the hands of a few thousand people, influential economist Dr Jeffrey Sachs has warned. Speaking to the Guardian, Sachs backed calls for taxation aimed at the largest tech companies, arguing [...]

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In recent years, New Yorkers, like people all over the world, have faced the realities of human-made climate change: extreme storms, rising sea levels, summer heat waves, massive winter nor’easters, and a $20 billion plan to reduce future flooding. Last year, the United States as a whole experienced the highest losses from climate disasters, an [...]

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The EU has taken the lead in responding to abuse by the likes of Facebook, thanks to its new privacy standards and proposed greater taxation of peddlers of online personal data. Yet more is needed and feasible. Read the full article on Project Syndicate.    

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At the core of a country’s global competitiveness is its ability to innovate. As economist Joseph Schumpeter observed in his classic “Capitalism, Socialism, and Democracy,’’ capitalism is characterized by waves of “creative destruction,” in which advances in technology create new industries while destroying old ones. Yet President Trump is putting America’s capacity to innovate at [...]

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Of all of the purposes of government, one of the most important but often neglected is to mobilize science and technology to solve critical challenges. Modern society depends on highly complex technological systems for our safety and prosperity. Without these advanced technological systems, we’d have no chance to sustain national prosperity, much less to meet [...]

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SINCE THE EARLY 1800s, several waves of technological change have transformed how we work and live. Each new technological marvel — the steam engine, railroad, ocean steamship, telegraph, harvester, automobile, radio, airplane, TV, computer, satellite, mobile phone, and now the Internet — has changed our home lives, communities, workplaces, schools, and leisure time. For two centuries [...]

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The recent European Commission order to Ireland to collect $14.5 billion in back taxes from Apple Inc. has led to outcries from Apple, Ireland, and theUnited States government. Apple, of course, defends its aggressive tax avoidance schemes. Ireland defends its tax-haven status. And the U.S. government claims the money may actually be owed to the U.S. rather than [...]

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