A new industrial policy Artificial intelligence is advancing at a pace that rivals the Industrial Revolution. Unlike past cycles, market forces alone cannot manage the concentration of wealth or the displacement of human roles. A proactive, people-first policy is needed to ensure superintelligence benefits society at large. The aim is shared prosperity, risk mitigation, and democratized access to AI tools. Modernising the tax base As value shifts from human labour to automated outputs, payroll taxes erode. To sustain social programmes, revenue must be rebalanced. Capital gains and corporate taxes should capture AI-driven profits, while levies on automated labour replace lost payroll contributions. Incentives must reward firms that retrain and retain workers, ensuring AI augments rather than replaces human agency. Public Wealth Fund A Public Wealth Fund would give every citizen a direct stake in AI growth. Seeded by government and frontier AI firms, it would invest in equity, AI-adoptin...