Echoes of the 1990s: Why the Failed "Bit Tax" Serves as a Cautionary Tale for Modern AI Proposals
As United States investment in artificial intelligence (AI) accelerates at an unprecedented pace, policymakers, economists, and public figures are grappling with how to regulate and extract revenue from this burgeoning sector. Alongside broad proposals aimed at high-net-worth individuals and large corporations, lawmakers have floated narrowly targeted levies designed to tax specific AI inputs. These include…
