Andrew Yang says we should stop taxing workers - and start taxing AI

"You tend to tax things that you want to discourage, that you want less of. As AI systems replace human tasks, we should actually try to stop taxing labor. Instead, companies benefiting most from automation should shoulder more of the tax burden, since they are the ones driving economic displacement and productivity gains."

"Anthropic CEO Dario Amodei warned that AI could automate up to 50% of entry-level white-collar jobs within the next five years, and suggested that AI firms themselves should be taxed. Since when does the CEO of a major company raise his hand and say, 'Hey, tax me and mine'? Tech leaders see the writing on the wall and understand a backlash could be coming."

"I just came from an AI conference out west, and holy cow. They said to me that what we're going to see in the next six months outstrips what we've seen in the last ten years in terms of AI development. This represents an inflection point where technological change will accelerate dramatically."

Andrew Yang advocates for fundamental tax policy reform, arguing the US taxes the wrong economic activities. As AI systems increasingly replace human labor, he proposes eliminating taxes on workers while increasing taxes on companies profiting from automation. Yang cites Anthropic CEO Dario Amodei's projection that AI could automate 50% of entry-level white-collar jobs within five years, and notes that major tech leaders themselves recognize the need for such changes. AI insiders have informed Yang that technological development over the next six months will exceed progress from the past decade. This tax restructuring reflects growing recognition among tech executives that current policies are unsustainable given AI's accelerating impact on employment.

Read at Business Insider