AI Excess Tax Revenue Dividend Debate: Lee Says It Is Not Corporate Profit Sharing

President Lee Jae-myung said on May 13 via X, formerly Twitter, that remarks by Presidential Policy Chief Kim Yong-beom about a public dividend meant reviewing a plan to distribute to citizens the state’s excess tax revenue generated by excess profits in the artificial intelligence sector. Lee directly rejected interpretations by some media outlets and political figures that the proposal meant sharing companies’ excess profits with all citizens. Sharing a related article, Lee described such reporting as malicious fake news. The article cited People Power Party lawmaker Park Soo-young, who criticized the public dividend as a plan to distribute corporate excess profits to all citizens in a socialist manner. Presidential spokesperson Kang Yu-jung said the point was that Kim’s remarks should not be misused or distorted amid a tendency to confuse excess tax revenue with excess profit. The presidential office has begun reviewing how to use tax revenue that naturally increases amid the semiconductor boom. Source: rss.donga.com