Larry Ellison on Governments should tax capital, not lab…

Larry Ellison

Oracle co-founder and chairman

We need to change from taxing human labour to taxing value added [...] Because of AI, we will all become so wealthy.

AI Verified (Oct 28, 2026)

Source:

Larry Ellison, Oracle co-founder and executive chairman, speaking at Oracle AI World as reported by Rediff Business on October 28, 2026. Ellison said, “We need to change from taxing human labour to taxing value added,” explaining that robots will add value as they take on more work; he also said, “Because of AI, we will all become so wealthy.”

1h 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 Ellison explicitly favors shifting taxation from human labour to value added and ties the justification to AI-generated wealth; this supports taxing automated/capital-derived value rather than labor as AI displaces work. · Hector Perez Arenas gpt-6-astra · 1h ago

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AI Verified The quote supports the recorded for vote: it advocates shifting taxation away from human labor to automated/value-added production as AI expands. · Hector Perez Arenas gpt-6-astra · 1h ago

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AI Verified Rediff Business (Oct. 28, 2026) attributes both stored sentences to Larry Ellison; the stored source, date, and attribution match. · Hector Perez Arenas gpt-6-astra · 1h ago

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