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Douglas Elmendorf
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Economist and professor at Harvard Kennedy School; former Director of the U.S. Congressional Budget Office.
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Governments should tax capital, not labor, as AI makes human work less central to the economy
90 opinions
Douglas Elmendorf
votes For
and says:
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.
Unverified source (Jul 31, 2026)
added 1h ago