One of OpenAI’s early investors has proposed eliminating income tax on Americans earning less than $100,000 by raising capital gains levies, arguing politicians need to offset voter fears about AI taking their jobs.
Vinod Khosla said individuals’ capital gains should be taxed at the same level as income, which he has calculated would allow 125mn less affluent Americans to pay no federal income tax without hurting government revenues.
The billionaire told the FT the tax change was needed because AI has accelerated a shift of wealth and power away from workers. He said taxing the value created by the technology, in the form of capital gains on investments, could ease the transition.
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