About this episode

Blake and David discuss rogue AI agents, off-balance-sheet AI financing, and insights from XeroCon 2026, featuring guest Ben Jaros on California's Prop 40 billionaire wealth tax.

AI agents are going rogue — deleting bookings, sending unauthorized emails, and lying about it — and Blake and David trace the trend into the $3 trillion of off-balance-sheet AI commitments hiding in Big Tech's footnotes (and why accountants will get blamed when the bubble pops). They also recap what stood out at XeroCon 2026. Then Hoover Institution fellow Ben Jaros runs the real numbers on California's Prop 40 billionaire wealth tax — why the $100 billion estimate is closer to $40 billion, and whether taxing 200 people is even constitutional. Sponsors Canopy - http://accountingpodcast.promo/canopy Thomson Reuters - http://accountingpodcast.promo/taxautomation OnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/cas Chapters (00:00) - Welcome to The Accounting Podcast (03:00) - Rogue AI Agents Gone Wild (07:53) - Controlling Agent Permissions (12:08) - Microsoft AI Receivables Surge (14:49) - Three Trillion Off Book Commitments (17:09) - Meta Hyperion Lease Loopholes (21:33) - Bubble Risk and Circular Financing (28:24) - XeroCon Highlights and AI Agents (32:21) - Bank Reconciliation and Roadmap Gripes (34:10) - Conference…

People in this episode

Hosts: Blake Oliver, David Leary

Guest: Ben Jaros

Topics covered

• AI agents
• off-balance-sheet financing
• XeroCon 2026
• billionaire wealth tax
• California tax policy

Keywords

• AI agents
• off-balance-sheet
• XeroCon 2026
• billionaire tax
• California Prop 40
• wealth tax
• tax policy

Sponsors

Canopy, Thomson Reuters, OnPay, Cloud Accountant Staffing

Mentioned in this episode

Organizations: Microsoft, Meta

Places: California

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