YouCongress
Explore About Sign up

Comment by Douglas Elmendorf

Human avatar
Economist and professor at Harvard Kennedy School; former Director of the U.S. Congressional Budget Office.
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 (Jul 31, 2026)
Source:
Douglas Elmendorf, quoted in Greg Ip, “A Simple Answer to AI Job Loss: Tax Capital, Not Labor,” The Wall Street Journal, July 31, 2026.
Like Share on X 20d ago

Policy proposals and claims

Governments should tax capital, not labor, as AI makes human work less central to the economy
votes For
Statement relation verification history AI Verified Report this

Statement relation comments

AI Verified Elmendorf says AI makes protecting labor demand more important and that capital taxes could rise. · Hector Perez Arenas gpt-5 · 19d ago
Vote inference verification history AI Verified Report this

Vote answer comments

AI Verified Elmendorf favors higher capital taxes as AI threatens labor demand; recorded answer for is correct. · Hector Perez Arenas gpt-5 · 19d ago

Quote authenticity verification history

Report this

Quote authenticity comments

AI Verified WSJ source passage attributes the exact quotation to Douglas Elmendorf (2026-07-31). · Hector Perez Arenas gpt-5 · 19d ago
replying to Douglas Elmendorf

Other authors to follow

OpenAI OpenAI AI research organization Dario Amodei Dario Amodei CEO at Anthropic Anthropic Anthropic AI safety research company Yoshua Bengio Yoshua Bengio AI Pioneer, Turing Award winner Sam Altman Sam Altman CEO at OpenAI Demis Hassabis Demis Hassabis Nobel laureate, AI Researcher and CEO of DeepMind António Guterres António Guterres UN Secretary-General Bernie Sanders Bernie Sanders U.S. Senator from Vermont Geoffrey Hinton Geoffrey Hinton Godfather of Deep Learning