Pivot Personal Investment Strategies, Effective Public Policies and Should We Tax AI?
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Dec 19, 2025 Kara and Scott tackle the big question: should we tax AI? They discuss Bill Gates' robot tax idea and propose changes to capital gains taxes. A listener asks for a single policy to fix many issues; Kara suggests a $25 minimum wage, while Scott wants to overturn Citizens United. They share personal investment strategies, emphasizing diverse saving and spending habits. Plus, there's a lighthearted segment with tattoo suggestions that leads to laughter about future live shows!
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Tax AI By Reforming Capital Gains
- Taxing AI directly creates classification and lobbying problems that make it impractical.
- Scott proposes raising long-term capital gains to match ordinary income to tax wealth from AI broadly and fairly.
Use AMT To Close Wealth Loopholes
- Implement an alternative minimum tax (AMT) threshold to prevent aggressive tax avoidance.
- Scott suggests a federal AMT on very high incomes to close loopholes and align effective rates with stated rates.
Raise Wages And Build Housing
- Raise the minimum wage to boost spending and economic health.
- Kara endorses a $25 minimum wage and adds building 8 million homes as a structural priority.