The Moore’s Law for Everyone: A Glimpse into the Future of AI and Society**
Special thanks to Wes Roth for mentioning the article this is based on. ** The concept of the "Agent Economy" was discussed at the 2023 Forbes Business Forum by An Nguyen, the founder of Trusting Social. This vision involves AI agents progressively taking over human tasks through five levels: communication AI, deepening domain knowledge, job skills execution, self-learning, and achieving full agency. These AI agents will transform consumers into "prosumers," having specialized AI staff to cater to their needs, thereby reducing the costs of knowledge work, intelligence, and energy, and potentially making the world more prosperous. As we stand on the brink of the AI revolution, it's crucial to understand the exponential curve of technological advancements. Compared to the major shifts in agriculture, industry, and computation, AI represents the fourth revolution. This revolution promises to make achievements in the next century far surpass what humanity has created before, akin to the impact of controlling fire or inventing the wheel. AI systems, still in their infancy, are poised to learn and perform tasks previously handled by humans, shifting power from labor to capital. The idea of "Moore’s Law for Everything" suggests that technology will drastically lower the cost of goods and services. By reducing labor costs at multiple supply chain levels, AI will drive down prices, making essentials like housing, healthcare, and education more affordable. If robots can build houses and AI can diagnose health issues more accurately than humans, the economic landscape will change significantly, offering a more equitable distribution of resources. Capitalism, while a powerful engine for economic growth, comes with the price of inequality. To address this, the proposal includes taxing capital and land rather than labor, and using these taxes to create an American Equity Fund. This fund would distribute wealth more evenly, ensuring that everyone benefits from economic growth as true equity owners. This approach aims to provide reasonable opportunities for all individuals, fostering societal stability and inclusive growth.