Marketplace Tech · Thursday, September 3, 2026
University of Virginia economist Lee Lockwood argues that the current tax system, heavily reliant on labor taxation, could falter due to AI advancements. Lockwood suggests that proactive planning is necessary, even without knowing the exact extent or duration of AI-driven disruption.
“Experts say our tax system so heavily dependent on taxing human labor could crack under the coming pressure.”
“even though we don't know how much disruption will occur or for how long, now's the time to start planning.”
“Most rich country governments, including the US, rely very heavily on, uh, labor taxation for much of their revenue.”