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Comment by Daryl Spence

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Economist at Capital Group with more than three decades covering the U.S. economy.
The ones that might change the incentive structure is you could tax capital, obviously, make capital more expensive, rather relative to labor. I don't know if that's a compute tax or an AI tax, or something like that, that would slow probably the disruption, but maybe not completely change it.
AI Verified (Aug 25, 2026)
Source:
Daryl Spence, interview on Moody's Analytics' “Inside Economics: The AI Series: A Question of Timing,” August 25, 2026. Transcript.
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Governments should tax capital, not labor, as AI makes human work less central to the economy
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AI Verified Spence proposes taxing capital relative to labour to slow AI-driven disruption. · Hector Perez Arenas gpt-5 · 19d ago
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AI Verified Spence favors taxing capital relative to labour amid AI disruption. · Hector Perez Arenas gpt-5 · 19d ago

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AI Verified Published Moody’s transcript identifies Daryl Spence and contains the quoted tax-capital passage. · Hector Perez Arenas gpt-5 · 19d ago
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