Thanks for sharing this. I’m skeptical about near-term AGI, so I don’t think this is a practical concern in the near term, but it’s still really fun to think about.
This is the example O’Keefe et al. give in the report:
This is way too mild! I’d design it way more aggressively, something like this:[1]
Particularly having it top out at 50% seems way too low.
The Windfall Clause is a bit peculiar in that it’s a private contract to donate a portion of marginal profits to charity, rather than a tax. There is a discussion in the report about whether the Windfall Clause should just be a tax instead. So, I’ll just assume for the sake of the thought experiment that the normal corporate tax rate applies to the transformative AI company and it’s up to Windfall Clause to redistribute the rest of the profits.
Thanks for sharing this. I’m skeptical about near-term AGI, so I don’t think this is a practical concern in the near term, but it’s still really fun to think about.
This is the example O’Keefe et al. give in the report:
This is way too mild! I’d design it way more aggressively, something like this:[1]
Particularly having it top out at 50% seems way too low.
The Windfall Clause is a bit peculiar in that it’s a private contract to donate a portion of marginal profits to charity, rather than a tax. There is a discussion in the report about whether the Windfall Clause should just be a tax instead. So, I’ll just assume for the sake of the thought experiment that the normal corporate tax rate applies to the transformative AI company and it’s up to Windfall Clause to redistribute the rest of the profits.