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Daniel Lacalle: Interventionists now seek windfall taxes on AI and internet profits
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights a shift among interventionists regarding technology investments.
He notes that those who previously downplayed the economic relevance of the internet and warned about artificial intelligence investment bubbles are now calling for windfall taxes on the profits generated by these same sectors.
Lacalle has previously tracked positive economic signals in key markets. In May, he reported that U.S. consumer confidence and key Federal Reserve indexes beat expectations. He also covered data showing China’s factory activity outperformed forecasts according to a private survey. Both reports come as global investors assess shifting narratives around technology and growth.
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