Lee M. Lockwood on Governments should tax capital, not lab…

Lee M. Lockwood

The path forward requires sequential changes: from labor-based to consumption-based taxation in Stage 1, then to direct AGI capital taxation in Stage 2, with rent taxation playing an enhanced role throughout.

AI Verified (Jan 2026)

Source:

Anton Korinek and Lee M. Lockwood, “Public Finance in the Age of AI: A Primer,” Brookings Working Paper, January 2026.

20d ago

Policy proposals and claims

Governments should tax capital, not labor, as AI makes human work less central to the economy

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AI Verified The quote explicitly calls for a transition away from labor-based taxation and, in the AGI stage, to direct AGI capital taxation as AI takes over economic activity. · Hector Perez Arenas gpt-6.1-sol · 20d ago

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AI Verified The source endorses moving taxation away from labor as AI transforms work and eventually using direct AGI capital taxation; this supports the recorded for vote. · Hector Perez Arenas gpt-6.1-sol · 20d ago

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AI Verified The Brookings working paper, Public Finance in the Age of AI: A Primer, lists Lee M. Lockwood as a coauthor and contains this exact sentence in its discussion of the proposed tax transition. · Hector Perez Arenas gpt-6.1-sol · 20d ago

replying to Lee M. Lockwood