4 chapters across the catalog
President Donald Trump met with tech leaders at the White House to promote AI data centers as a source of jobs and tax revenue. Despite Trump's endorsement, a Gallup poll indicates that 70% of Americans oppose having data centers built in their local communities. The hosts analyze how this opposition is being framed as a top issue for the upcoming midterm elections.
Bernie Sanders Proposes 50% Tax on AI Companies
Senator Bernie Sanders has introduced a plan to impose a one-time 50% tax on the stock of major AI companies to create a $7 trillion sovereign wealth fund. The fund would provide a $1,000 annual dividend to every American citizen and fund universal healthcare, addressing fears of mass unemployment caused by automation.
COBOL Legacy Systems, IRS Refund Delay Predictions
Technical experts warn that federal agencies like the Treasury and IRS rely on aging COBOL legacy systems maintained by "graybeard" programmers who are now retiring. There are concerns that DOGE's attempt to modernize these systems using AI-assisted coding will fail because large language models are not trained on COBOL. This technical friction could lead to significant delays in processing 2025 tax refunds.
IRS AI Crackdown, Millionaire Tax Debt, San Francisco Lidar Attack
The IRS is utilizing new funding to deploy AI tools aimed at identifying tax evasion patterns among high-income earners and large partnerships. While the agency claims to target 1,600 millionaires with significant debt, the discussion suggests the tools will eventually be used against small businesses and LLCs. Separately, a video from San Francisco shows a civilian attacking a Cruise self-driving taxi, specifically targeting its LiDAR sensors.
