Comment by Adam Michel

Director of tax policy studies at the Cato Institute and writer on tax policy and economic growth.
AI will most certainly change the labor market. But it has not yet changed the complementary relationship between workers and the tools that make them more productive. Taxing the machines is simply a softer version of the Luddite English textile workers who sought to destroy the machines that were necessary for our modern world. An AI or capital tax would fall on the very workers the policy is intended to help.
Unverified (Jun 18, 2026)
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