{"id":571651,"date":"2020-05-19T03:59:53","date_gmt":"2020-05-19T03:59:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/ai-says-the-best-tax-system-puts-heavier-taxes-on-both-the-rich-and-the-poor\/"},"modified":"2020-05-19T03:59:53","modified_gmt":"2020-05-19T03:59:53","slug":"ai-says-the-best-tax-system-puts-heavier-taxes-on-both-the-rich-and-the-poor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/ai-says-the-best-tax-system-puts-heavier-taxes-on-both-the-rich-and-the-poor\/","title":{"rendered":"AI says the best tax system puts heavier taxes on both the rich \u2014 and the poor"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>AI says the best tax system puts heavier taxes on both the rich \u2014 and the poor:<\/strong> The so-called AI Economist (<a href=\"https:\/\/blog.einstein.ai\/the-ai-economist\/\">here<\/a> and <a href=\"https:\/\/arxiv.org\/abs\/2004.13332\">here<\/a>) is a new artificial intelligence software developed by tech gurus at Salesforce who used reinforced learning AI in the same vein as Google\u2019s famed <a href=\"https:\/\/deepmind.com\/research\/case-studies\/alphago-the-story-so-far\">AlphaGo<\/a> to try to identify the optimal system for distributing taxes. The idea behind the program is simple: If economists are having a hard time coming up with an optimal taxation strategy, we might as well let machines do the work, geophysics enthusiast Mihai Andrei <a href=\"https:\/\/www.zmescience.com\/other\/economics\/artificial-intelligence-tax-system-07052020\/\">writes for ZME Science<\/a>.<\/p>\n<p><strong>Why is this interesting? <\/strong>If you\u2019ve played computer simulated strategy games, you\u2019d know that there\u2019s a lot to learn about how real life works. The main difference between games and reality is that, in a game, we\u2019re in full control and are able to keep testing scenarios until we find the ideal solution. We can take this concept and apply it to taxation, where the goal (a balance between income equality and productivity) is clear but the solution is much less so.<\/p>\n<p><strong>This is what AI Economist did: <\/strong>Programmers created four AI workers with different skill levels and sent them to work gathering resources, trading and building houses. Low-skilled workers perform better if they gather resources while the high-skilled do better if they build houses. An AI policymaker, whose goal is to boost both productivity and income for all four workers, taxes each of them at the end of a simulated year and provides suggestions on how to subsidize and redistribute wealth.<\/p>\n<p><strong>What did it conclude?<\/strong> After repeating the process mns of times, the AI Economist counterintuitively decided that <strong>placing heavier taxes on both the rich and poor and lowering taxes on the middle class<\/strong> would best reduce income inequality and provide better social welfare than both the free market and saez tax models.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI says the best tax system puts heavier taxes on both the rich \u2014 and the poor: The so-called AI Economist (here and here) is a new artificial intelligence software developed by tech gurus at Salesforce who used reinforced learning AI in the same vein as Google\u2019s famed AlphaGo to try to identify the optimal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":571652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[7094,9173,72,69,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-ai","tag-economics","tag-enterpriseam","tag-tax","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"fc27904c-3744-45df-94aa-2263fa7867b7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/5\/206.jpg","photo_position":"above","related_issue":[571625],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The investigation, based on analysis of 200k\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652300,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/austerity-measures-are-not-the-way-to-go-so-lets-tax-the-rich\/","url_meta":{"origin":571651,"position":2},"title":"Austerity measures are not the way to go, so let\u2019s tax the rich","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"Take your blood pressure meds before reading this one: Austerity measures have never worked and will not save the economy, self-styled economic expert Medhat Nafe\u2019 writes for Al Shorouk, arguing that the austerity measures often prescribed by the \u201ceconomic elite\u201d only work to further the crisis for the general public\u2026","rel":"","context":"In &quot;On Deadline&quot;","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/20\/parliament-wants-to-raise-income-tax-for-salaries-exceeding-egp-500k-per-annum\/","url_meta":{"origin":571651,"position":3},"title":"Parliament wants to raise income tax for salaries exceeding EGP 500k per annum","author":"enterpriseam admin","date":"20 June 2018","format":false,"excerpt":"LEGISLATION WATCH- Is the wealth tax coming back in a watered-down form? House Budget committee is looking to raise tax rate on salaries >EGP 500k p.a. to 25%: The House Planning and Budget Committee is looking into amending the income tax code bring back a wealth tax that would see\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621550,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/we-break-down-the-taxes-under-the-universal-healthcare-act-and-their-timings\/","url_meta":{"origin":571651,"position":4},"title":"We break down the taxes under the Universal Healthcare Act and their timings","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"EXCLUSIVE- What you\u2019re going to pay under the new Universal Healthcare Act\u2014 and when you\u2019re going to pay it: While the state\u2019s EGP 600 bn health insurance plan mandated under the Universal Healthcare Act will be rolled out incrementally throughout Egypt over the course of 11-13 years, the Finance Ministry\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567810,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/","url_meta":{"origin":571651,"position":5},"title":"Unified tax platform goes live in January","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"Some 11k of Egypt\u2019s largest taxpayers will begin filing taxes through the government\u2019s new unified tax platform from 1 January as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. Tax centers that handle\u2026","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=571651"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571651\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/571652"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571651"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571651"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}