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Drunk Driver Injures Worker in Poland
Worldtvn242d ago

Drunk Driver Injures Worker in Poland

A 30-year-old worker was injured in Witowo, Poland, after a drunk truck driver crashed into a garbage truck where people were working. The driver was arrested.

Landslide at Landfill Kills Seven
Environmentobservador10d ago

Landslide at Landfill Kills Seven

A landslide at a major landfill resulted in the deaths of seven people, including truck drivers, waste collection employees, and food vendors working or resting nearby.

Fatal Train-Truck Collision in Slovakia
World24ur22d ago

Fatal Train-Truck Collision in Slovakia

A severe traffic accident occurred at a railway crossing in Slovakia where a train collided with a truck, resulting in the death of the truck driver and injuries to 14 train passengers.

Police Issue 37 Fines for Truck Driver Violations
Worldmkd-mk9d ago

Police Issue 37 Fines for Truck Driver Violations

Mobile traffic safety units conducted an intensified control action yesterday between 9 AM and 2 PM across several internal affairs sectors, resulting in 37 measures issued for violations by truck drivers.

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people
BusinessBusiness Insider1mo ago

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla says the rise of AI might warrant steeper taxes on capital and none for most workers. The billionaire VC wrote on X that AI displacing workers could shrink the labor part of the economy. Khosla wrote that some popular tax breaks were "special interest goodies" and not "true capitalism." If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?" Khosla — who cofounded Sun Microsystems and made the first VC investment in OpenAI — was making the point that AI replacing labor on a grand scale might warrant greater taxes on assets such as stocks and real estate. The veteran financier, who founded Khosla Ventures after leaving Kleiner Perkins, attached a video highlighting some of the jobs that could be taken by AI, from accountants and therapists to truck drivers and chip designers. AI will transform economies and need a rethink of capitalism & equity. Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income? 40% of capital gains taxes are paid by those with… pic.twitter.com/7oSA9xj5Ko — Vinod Khosla (@vkhosla) February 16, 2026 Khosla said in a follow-up post that ramping up taxes on capital would generate so much revenue that the government could scrap taxes for most of the roughly 150 million US taxpayers. "Could easily eliminate bottom 125 million taxpayers from the tax rolls and be revenue neutral at the same time with a capital gains tax equal to ordinary income and a few other tweaks," he wrote. He added that tax breaks such as carrying over tax losses and tax-free borrowing against unrealized gains — which he called a "true abuse!" — are "special interest goodies inserted by lobbyists and campaign contributions, not true capitalism." Khosla didn't address common critiques of higher taxes, including that they can discourage entrepreneurship and investment, that collecting them can be tricky, and that wealthy people may leave the country to avoid them. Khosla has previously underscored that the advent of AI may require sweeping policy changes. He estimated in late 2024 that in 25 years' time, AI could be doing 80% of the work in 80% of all jobs, and universal basic income might be needed to compensate for job destruction. "As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," he wrote on his firm's website. Khosla isn't alone in predicting AI will change the fabric of society. Elon Musk suggested late last year that work could become "optional" and money might become "irrelevant" if advances in AI and robotics generate abundant resources for all. Moreover, the Tesla and SpaceX CEO recently said that retirement savings may not be needed in 10 or 20 years, as everyone might have "whatever stuff they want." However, skeptics such as Michael Burry of "The Big Short" fame have cautioned the AI boom is a speculative bubble, tech companies are overinvesting in microchips and data centers that will quickly become obsolete, and true AI is further away than many think. Read the original article on Business Insider

2 dead, 2 hurt in truck-multicab crash in Quezon
Worldinquirer2d ago

2 dead, 2 hurt in truck-multicab crash in Quezon

LUCENA CITY, Quezon– Two motorists died while two others were injured in a vehicular accident on Wednesday in Pagbilao town, Quezon province. According to a Quezon police report, a truck allegedly lost its brakes while negotiating a downhill stretch of the old zigzag road in Barangay Silangang Malicboy at around 10:15 a.m. The truck driver,

Fatal Motorcycle Accident in Lasithi, Crete
Worldiefimeridanaftemporikiavgi8d ago3 sources

Fatal Motorcycle Accident in Lasithi, Crete

A 23-year-old man died in a fatal motorcycle accident in Lasithi, Crete, after the motorcycle crossed into the opposite lane and collided with a truck. The truck driver and the 26-year-old motorcycle driver were arrested.

Truck Driver Dies in Hasle bei Burgdorf Accident
World20-minuten9d ago

Truck Driver Dies in Hasle bei Burgdorf Accident

A 31-year-old truck driver died in a severe single-vehicle accident in Hasle bei Burgdorf on Tuesday afternoon when his truck overturned multiple times. Investigations into the cause of the accident are underway.