Saturday, November 23, 2024

How to eliminate the federal income tax - an experiment in collective AI use

 Welcome

this is an experiment in policy exploration at scale (many readers) using chatGPT as a rudimentary but fast researcher and calculator,

Disclaimer: Yes, yes, yes. There are many flaws to this investigation. First, the investigator (me) has questionable credentials (no PhD, oh my, only an MBA in International Finance and 50+ years in banking, corporate finance, and startup business management). Second, chatGPT is hardly a reliable failproof assistant. Third, like any policy proposal, it depends on the political perspective. Fourth, the devil is always in the details and one of those PhDs can find enough to sink this ship.  

Presuming you have nothing better to do, join me into the rabbit hole.

Questions: Could...

  1. Federal Income tax be eliminated
  2. Progressivity be maintained or increased
  3. Government size and cost be reduced
  4. ... add your own...
My chat with chatGPT (the rabbit hole) was instructive, Try your own with better questions


Comments welcome



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