Pedro Santa-Clara

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Professor of Finance at Nova School of Business and Economics; former UCLA finance professor and NBER research associate.

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

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Location: Portugal

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Governments should tax capital, not labor, as AI makes human work less central to the economy
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The right answer is the opposite and simpler: stop overtaxing labour relative to capital. Close the gap that the tax code has opened between a human and a machine, so that the choice between them is made on real productivity and not on fiscal arbitra...
more AI Verified source (Jun 30, 2026)

added 13h ago