Hacker News Reader

Same reason a lot of governments seem to do completely counter productive things: short term personal gains, by the time the consequences are visible they're already retired with a fat stack of cash in the bank

> the existential risk this would pose to the economy

Yes, the existential risk this would pose to the economy is that you sudenly need 100 people to clean up the mess left by AI.

The government is reactive, not proactive

The richest already have nearly 50% of buying power. Elon Musk can make cities building rockets the size of skyscrapers. You don’t have to look forward, you can look at the past robber barons for examples. Yes it’s bad for the economy but it’s great for a few people who acquire wealth.