Douglas Elmendorf

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Economist and professor at Harvard Kennedy School; former Director of the U.S. Congressional Budget Office.

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

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Governments should tax capital, not labor, as AI makes human work less central to the economy
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There’s a reasonable case that with the rise in AI, it’s more important to protect labor demand than to encourage more capital investment, and therefore capital taxes could be higher.
AI Verified source (Jul 31, 2026)

added 2mo ago

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