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The Artificial Intelligence Panic Produces Terrible Tax Ideas
Adam Michel
Cato June 26, 2026
AP
AI anxiety is creating a new cross-party consensus. The prescription?
New taxes
. Andrew Yang wants a
tax on computing power
. Bill Gates wants
the robot that takes your job to pay taxes
. Nobel laureate Simon Johnson
calls a compute tax
“a sensible policy lever to consider in order to slow down automation.”
President Trump wants AI firms
to “give something back to the public.”
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