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Comment by Carter C. Price

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Senior mathematician and professor of policy analysis at RAND.
Artificial intelligence (AI)–driven automation threatens to shift income from labor to capital at precisely the moment when two-thirds of federal tax revenue depends on labor income. The tax code compounds this risk by taxing capital income at preferential rates and penalizing employment through employer-side payroll taxes. [...] Replace payroll taxes with business income taxes: Payroll taxes on employers reduce employer demand for labor.
Unverified (Aug 31, 2026)
Source:
Carter C. Price and Jeffrey B. Wenger, “Tax Policy Options to Promote Employment and Mitigate Federal Revenue Impacts in the Age of AI,” RAND, August 31, 2026.
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Governments should tax capital, not labor, as AI makes human work less central to the economy
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