Is Technological Progress Good For Everyone? With Daron Acemoglu
Capitalisn't
Equalizing Tax Rates on Capital and Labor
Economists have traditionally suggested lighter taxation on capital due to its elasticity and forward-looking nature, but recent empirical evidence indicates that the response of capital to taxation is similar to that of labor. In the context of increasing automation and AI, equalizing tax rates on capital and labor is seen as essential to prevent over-automation and encourage investment in labor complementary technologies for the future of work.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
