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4min chapter
Is Technological Progress Good For Everyone? With Daron Acemoglu
Capitalisn't
The Implications of Taxing Capital and Labor
Many economists subscribe to the view that capital should be taxed much more lightly, or even should have a zero tax rate. If we are at the cusp of automating more and more work, creating an additional cost advantage for capital in the form of capital not paying taxes might be a good idea. The regulation has to be multi-pronged. I think we need to control how data is used. We also need to get rid of the monopolistic structure of the industry such that a greater diversity of technologies are facilitated. One that I favor is considering a digital ad tax.
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