Andrew Yang, the 2020 presidential candidate, renewed his call for an AI tax on CNBC’s Power Lunch. He argues the government should tax artificial intelligence (AI) instead of payroll.

Yang co-founded the Forward Party and now runs Noble Mobile as chief executive. He said firms skip payroll taxes and healthcare costs by choosing AI over new hires.

Andrew Yang’s AI Tax Push

Yang built his political brand on automation warnings during his 2020 campaign. He proposed a universal basic income plan he called the Freedom Dividend. He also backed cryptocurrency adoption and clearer digital asset rules as a candidate.

His comments echo remarks from March, when he told CNBC’s Squawk Box the government should stop taxing labor. That debate has also drawn similar AI job displacement concerns from sitting US senators.

Yang pointed to Anthropic chief executive Dario Amodei, who floated a 3% AI revenue tax in 2025. Amodei said the levy would apply each time a model generates revenue.

Yang said the same logic should apply broadly. However, he argued it would force firms to weigh AI costs against payroll costs.

What the Data Shows

A CNBC and Generation Lab survey published August 13 polled Americans aged 18 to 34. It found 45% expect AI to hurt their careers, while only 10% expect it to help.

Bridgewater Associates executives Greg Jensen and Nir Bar Dea wrote a New York Times opinion piece. They estimated AI could displace 18% of current US jobs within five years.

The pair used that estimate to back their own AI token tax proposal, echoing Amodei’s earlier idea. Meanwhile, the shift is already visible in customer service. The sector employs roughly 2.9 million Americans, according to the US Bureau of Labor Statistics.

Yang proposed sending the tax revenue directly to workers as checks. He said retraining programs rarely help displaced workers find new careers. He pointed to past efforts aimed at coal miners and warehouse staff as examples that largely failed.

Source: BeInCrypto