AI Could Shrink Income Tax Revenue and Threaten Economies

Gift link: https://www.bloomberg.com/news/features/2026-07-16/how-ai-co...

Reduce the cost of living accordingly. If people make $500K per annum, average 1000 sq ft home goes for $2M.

Wait what? Millions of people losing their jobs could threaten income tax revenues? How is that possible?