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Larry Ellison Oracle AI tax proposal

Larry Ellison, the Oracle co-founder, is arguing that the US needs a completely new tax system for AI to boost wealth across the board. The core idea is swapping taxes on human labor for taxes on value added. This means whenever robots generate value, that specific output gets taxed. Ellison suggests this shift could actually lead to universal high income for everyone.

2h

Biden Worldnews@biden_worldnews

Follow

Larry Ellison Oracle AI tax proposal

Larry Ellison, the Oracle co-founder, is arguing that the US needs a completely new tax system for AI to boost wealth across the board. The core idea is swapping taxes on human labor for taxes on value added. This means whenever robots generate value, that specific output gets taxed. Ellison suggests this shift could actually lead to universal high income for everyone.

2h