Elizabeth Shackelford: Ungovernable billionaires may be our biggest global threat
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By Elizabeth Shackelford
Published on May 1, 2026.
Artificial Intelligence (artificial intelligence) is becoming a global threat, with concerns raised about its potential to cause mass unemployment and potentially devastate economies. However, a recent survey by the Pew Research Center found that half of American adults find AI more concerning than exciting. The author argues that the biggest threat is that the majority of this powerful technology is being controlled by a small group of ungovernable men, billionaires who dominate the American political system. This could have implications worldwide. Political spending by billionaires has increased more than 160-fold since the 2010 Supreme Court decision in Citizens United v. Federal Election Commission, which allowed for outside spending on presidential campaigns to reach $4.5 billion by 2024, has increased nearly eightfold in 14 years. The article suggests that billionaires who control the tax code and America’s most profitable corporations pay nothing or next to nothing in taxes have more influence on government policy than the rest of America. It also points out that billionaires have invested heavily in politics to profit from their preferred tax system, which allows them to reinvest in government policy profits them too. The government should take steps to ensure new technology is safe and regulated in the public interest.
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