Things like the proposed tech tax are actually a very good idea. The specific form of it is debatable, but the idea is that five companies are worth … - Jeffrey Sachs

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Things like the proposed tech tax are actually a very good idea. The specific form of it is debatable, but the idea is that five companies are worth $3.5tn, basically because of network externalities and information monopolies, and therefore are absolutely right for efficient taxation. ... The marginal cost of production of AI is effectively zero. The ability to make these technologies available to the poorest countries at no cost is an evident option. So we should be taking special care to make sure that this revolution can reach everybody.

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About Jeffrey Sachs

Jeffrey David Sachs (born November 5, 1954) is an American economist, academic, public policy analyst and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known as one of the world's leading experts on sustainable development, economic development, international relations and the fight against poverty.

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Native Name: Jeffrey David Sachs
Alternative Names: Jeffrey D. Sachs Professor Jeffery Sachs Sachs, Jeffrey
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The transition to renewable energy can be greatly accelerated if the world’s governments finally bring the engineers to the fore... I was recently on a panel with three economists and a senior business-sector engineer. After the economists spoke. ... the engineer spoke succinctly and wisely. “I don’t really understand what you economists were just speaking about, but I do have a suggestion... Tell us engineers the desired ‘specs’ and the timeline, and we’ll get the job done.” This is not bravado. ... The next big act belongs to the engineers. Energy transformation for climate safety is our twenty-first-century moonshot.

The rich individuals are increasingly hoarding everything. If the billionaires want to go to space, they could at least leave their money on Earth to solve the critical Earthbound problems. We now have an estimated 2,775 billionaires with a combined net worth of around $13.1 trillion. I have it on good authority that you don’t need more than $1 billion to live comfortably. Even if every billionaire kept $1 billion, that would leave around $10 trillion for ending hunger, poverty, and environmental destruction. We should be taxing the vast and rapidly growing billionaire wealth to help finance a civilized world.

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It’s a terrible blow for the world when countries as rich and talented and stable and well-off as this country doesn’t fulfil the global responsibility...in development aid... If we all did it, we would save millions of lives, we would have all the kids in school. They would be growing up to be productive members of their society, we wouldn’t have the mass refugee movements... Donald Trump’s “America First” foreign policy represents a new and vulgar strain of American exceptionalism... to maintain U.S. military dominance as the core pillar of U.S. foreign policy.

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