"National Dividend" For Excess Profits from Korean AI/Semiconductor Companies? Karl Marx Would Be Proud
KOSPI declined by 2.3% on Monday (11 May), mainly due to concerns about imposing “national dividend” for excess profits from AI/semiconductor related companies in Korea (Samsung Electronics and SK Hynix).
In the near term (1-2 years), it is highly UNLIKELY for the Korean government to suddenly provide national dividends for excess profits from major AI/semiconductor companies in Korea.
However, when the AGI becomes a reality, the idea of providing “national dividend” or by another name Universal Basic Income (UBI) could become a reality in 5-10 years.
