We will need a new tax code for the wealth AI creates
Financial Times 2026-06-11 04:00:18
Context: The article discusses the potential impact of artificial intelligence (AI) on the workforce and the need for a new tax code to address the wealth created by AI. As AI becomes increasingly prevalent, there is a growing concern about mass underemployment, where many people may lose their jobs due to automation. The article highlights the importance of having a policy framework in place to address this issue.
Key Facts
- The article's author, a prominent economist, suggests that we will need a new tax code to address the wealth created by AI, as the current tax system is not equipped to handle the vast amounts of wealth generated by AI-driven technologies. The author notes that the question is not whether mass underemployment will arrive, but rather whether we have a policy framework ready when it does, implying that the issue is not if, but when, mass underemployment will become a reality. The author emphasizes the need for policymakers to take proactive steps to address the potential consequences of AI-driven underemployment, rather than simply reacting to the problem after it arises.