This week on the Andrew Yang podcast.

So back when I was looking at this in 2019, 2020, like to me it wasn't clear that you could identify automation in different contexts.

But now it turns out that because of the compute resources and the data centers and unfortunately being concentrated on the hands

of like a small number of firms.

It's actually pretty straightforward just to do a flat out AI tax.

And we are back from touring here to take some mailbag questions and also talk about this clip of mine that's gone somewhat viral over the last number of days, which is we should tax AI not people.

Yeah, you had a little bit of a, I guess it's X now.

X spurt. Twitter spurt. Yeah, it's fun. Like, you put me on CNBC talking about AI and jobs and then people want to watch it on YouTube afterwards, which is, it's, I mean, I appreciate that because I think most people sense somehow that I'm one of the more honest like assessors of what's going on

because of lane bud it is your lane it is my lane so so this is an idea that was broached

the first the first time I saw it was the investor of Vinod Kosla said we should not tax

any income below a certain amount. And his

idea was a bit different. His idea was we should tax capital gains as regular income, which

so this is actually something that someone raised to me a long time ago. I think it's a very,

very important idea. When you make money, let's say, from Noble, what kind of tax rate

you paying typically? In Manhattan? Yeah, seriously, because we all know Zach's living the

bachelor's life in Manhattan. So what's your tax rate approximately? All in the federal state

city is like 45%. Yeah, yeah. That's about right. Now, let's say you have an investment that does well and it goes up and then you sell it. Like, do you know what kind of tax rate you're paying on it? Is it 25? Capital gains is what? In the 20s? I think, you're not knowing. Yeah, no, no, it's fine. So longterm capital gains, I believe, is 15. Okay. And then short-term might be 25. Yeah. So short-term is you hold it for less than a year, so it's not even like that long-term. Yeah. So what that math is saying is that, hey, there's something different about investment income. Versus the one you work for.

Versus the one you work for.

And if anything, we're privileging the investment income because we're taxing it less.

So Beno's big idea was like, look, why are you somehow rewarding investment returns?

It's like, if anything, you should be rewarding labor.

So his idea was like you should just make it one tax rate for both.

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