“Declines in labor-based tax receipts could offset or exceed other AI-related tax gains,” Moody’s notes, echoing similar calls from the IMF that fiscal policy include progressive taxation and social protections to mitigate AI-related budgetary impacts.
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A comparable amount of CO2 can be stored, to the volume of oil and gas that's been extracted, he added, suggesting an operational lifespan for CCS sites of 10 to 30 years.