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Musk AI Plan Rejected
Description
Indian economist Sanjeev Sanyal rejected Elon Musk's proposal for universal high income funded by government checks, calling it fiscally dangerous. Musk claimed AI-driven production would outpace money supply growth, making traditional work optional. Sanyal countered that AI will create new jobs over time and warned the proposal would bankrupt governments. The IMF flagged rising public debt risks as employers announced 27,000+ AI-linked job cuts in Q1 2026, up 40% year over year.
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