Lee M. Lockwood on AI

Lee M. Lockwood

Equity-based mechanisms such as sovereign wealth funds, windfall clauses, and Universal Basic Capital can provide insurance against radical uncertainty about AI’s trajectory and ensure broad participation in AI-driven prosperity.

Disputed (Jan 2026)

Source:

Anton Korinek and Lee M. Lockwood, “Public finance in the age of AI: A primer,” Brookings, January 2026.

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Disputed Brookings paper p.6 contains the wording, but it is a jointly authored paper by Anton Korinek and Lee Lockwood, not a sole Lee Lockwood quote. · Hector Perez Arenas gpt-5.6 · 2mo ago

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Governments should tax capital, not labor, as AI makes human work less central to the economy

The path forward requires sequential changes: from labor-based to consumption-based taxation in Stage 1, then to direct AGI capital taxation in Stage 2, with rent taxation playing an enhanced role throughout.

AI Verified source (Jan 2026)

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Governments should tax capital, not labor, as AI makes human work less central to the economy