See Schumer Wants a Cut of AI: Interest groups and politicians seek regulation for their own purposes by Andy Kessler of The WSJ. Excerpt:
"Henry Ford once said, “If I had asked people what they wanted, they would have said faster horses.” Politicians might have demanded to tax horses based on speed. Back then, no one appreciated the potential for those rickety automobiles to transform the economy. We’re at the same juncture with AI today.
When politicians get involved, their agenda for any business is to slow it, tax it, regulate it, harness it, redistribute it or just plain kill it. Mr. Schumer clearly forgets, if he ever even knew, what drives economic growth."
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