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Comment by Tom Blomfield

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Group Partner at Y Combinator, cofounded GoCardless and Monzo
I don’t think we’ll tax human labour, we’ll tax compute, [meaning systems like] data centres, and then we will use the proceeds to pay for government. [...] These tools are performing beyond university professor level – they are actually beating humans in narrow domains. They’re not yet generalisable, so they’re very narrow geniuses, but by the end of 2026 they will be generalisable.
Unverified (Apr 13, 2026)
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Tom Blomfield, quoted in Georgia Rowe, “Income tax will be dead within five years as AI jobs crisis grows, says Monzo founder,” LBC, April 13, 2026. Blomfield proposes replacing taxes on human labour with taxes on AI compute/data centres and says AI tools already exceed humans in narrow domains and will become generalisable by the end of 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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