Adam Michel

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Director of tax policy studies at the Cato Institute and writer on tax policy and economic growth.

Speaks on: AI AI Policy AI Regulation Economics Impact On Labor

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Location: United States

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Governments should tax capital, not labor, as AI makes human work less central to the economy
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Adam Michel votes Against and says:

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The proposals differ in detail, but they cite the same story: Labor’s share of national income has declined, and AI is accelerating workers’ losses by shifting more economic activity to capital. The tax code makes all of this worse by undertaxing cap...
more AI Verified source (Jun 18, 2026)

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