Comment by Paul Krugman

Furthermore, the rise of AI, which appears to reduce the need for workers while requiring huge capital investments both in software and in physical assets such as datacenters, power supplies, and advanced chips, may cause a further large shift in income from labor to capital. [...] [A] huge shift in the American tax code [...] in favor of capital and against workers has increased inequality. [...] [I] will discuss why it will be necessary for policymakers and elected officials to reverse this tilt of the tax code in order to break the tightening grip of oligarchy.