For Daron Acemoglu, the prominent MIT economist relied on from The Times to Politico, what is missing from our current debate on business taxation is an awareness of the difference between taxes on labor and taxes on capital. In our conversation on The Political Conversation, Acemoglu lays out how the huge rate difference between taxes on work (25 percent) and the taxes on capital (now 5 percent) has driven a reckless embrace of automation and has been the primary driver of the destruction of our middle class.
Can taxes be pro-technology and pro-worker at the same time? Daron weighs in.