Original Broadcast: Thought for the Week
For the past 250 years, starting with Adam Smith, there have been valiant attempts to set out principles for taxation: but they have been principally domestic, and with no attempt to address inter-generational rebalancing. Without specific provisions requiring hypothecation of inheritance levies it's hard to see how disadvantaged young people can be empowered with resources and life skills so that all may share in future wealth creation. Don't expect change in this week's Budget, but the Treasury Select Committee should look again at the principles they established over ten years ago. Background music: 'Dark Alley Deals' by Aaron Kenny
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Original Broadcast: Thought for the Week
The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way through this dilemma, but this will only bring us more state intermediation and human subservience. We can put forward a better solution, by enabling all to share in the wealth that technology brings and to play their part in its future governance. Background music: 'Digital Solitude' by Silent Partner
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