Andrew Yang proposes taxing AI and robots to fund worker retraining as companies replace junior staff
By
Bryce Winslow
Summary
Andrew Yang proposed on CNBC that the federal tax code should tax AI and automation as a billable line item, rather than relying on payroll taxes for human workers. He stated his own company is replacing entry-level analysts and engineers with AI, arguing that corporate AI investments "pay for themselves" through headcount reduction. Yang suggested using the revenue from AI taxes to fund retraining programs while reducing payroll taxes on human workers.
Source
bskyAndrew Yang proposes taxing AI and robots to fund worker retraining as companies replace junior staffhoodline.comKey quotes
· 3 pulledAndrew Yang went on CNBC's 'Squawk Box' on Thursday and said the quiet part out loud: his company is already swapping out entry-level analysts and engineers for AI
the fastest way corporate AI investments 'pay for themselves' is by cutting headcount, especially junior hires
he wants lawmakers to rethink payroll taxes and make automation shoulder more of the cost
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