Sam Altman wants Washington to tax AI’s winners — and he’s put it in writing.
“Policymakers could rebalance the tax base by increasing reliance on capital-based revenues—such as higher taxes on capital gains at the top, corporate income, or targeted measures on sustained AI-driven returns—and by exploring new approaches such as taxes related to automated labor,” the report reads.
Fortune reached out to OpenAI for comment, inquiring about the AI policy proposal.
The proposal goes beyond mere tax policy. It offers a series of policies meant to focus the gains of AI on workers, including incentivizing firms to “retain, retrain, and invest in workers,” a four-day work week without a pay cut, and the creation of a “public wealth fund” that provides all U.S. citizens a stake in AI economic growth.
“I don’t know the answer yet, but I would suggest it’s the following: It can’t be just government. It’s got to be business,” Dimon said in an interview at the Hill and Valley Forum. “But the government could create a system of incentives that business does the right thing to retrain people, early retirement, moving people.”
“Capitalism has depended on some balance between labor and capital,” he said, citing the Republican. “Way too much leverage is going to be with capital and not with labor in the traditional sense.”
But it’s not the first time, OpenAI argues, that technology has threatened to leave workers behind, requiring strong regulation. The paper compares the current moment to the New Deal and Progressive Era.
“Society has navigated major technological transitions before, but not without real disruption and dislocation along the way,” the paper reads. “While those transitions ultimately created more prosperity, they required proactive political choices to ensure that growth translated into broader opportunity and greater security.”
