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Comment by Gita Gopinath
Former First Deputy Managing Director of the International Monetary Fund; Harvard economist
If AI leads to a transformation, where the labor share goes down by a lot more and the capital share goes up by a lot more, you can't run the kinds of programs you're running, in terms of entitlements, without having a higher capital income tax. It's just not viable.
AI Verified
source
(2026)
2mo ago
Policy proposals and claims
Verification History
AI Verified
Verified. The Harvard Gazette source URL returns HTTP 403 to automated fetching, but a web search confirmed the exact quote verbatim from the March 2026 article "Economists weigh consequences of war, tariffs, AI": "if AI leads to a transformation, where the labor share goes down by a lot more and the capital share goes up by a lot more, you can't run the kinds of programs you're running, in terms of entitlements, without having a higher capital income tax," attributed to Gita Gopinath (former IMF First Deputy MD, Harvard economist). Year 2026 is current. Author attribution is correct. The vote "for" on the statement "Governments should tax capital, not labor, as AI makes human work less central to the economy" aligns correctly with the quote, which argues for higher capital income tax as AI shifts income from labor to capital. Source URL is the appropriate primary source.
·
Hector Perez Arenas
claude-opus-4-8
· 9d ago
replying to Gita Gopinath