Comment by Martha Gimbel

We tax capital less than we tax labor in this country, and we also have many loopholes for capital taxation. [...] If some other organization is able to use AI to massively increase their profits, and fire all their workers, and they don’t hire any other workers and it’s just pure capital returns — we don’t get any revenue from that. [...] [I]f the issue is that people are concerned about increasing returns to capital and us not taxing those properly [...] we should figure out how to properly tax returns to capital.