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Technology
Larry Ellison: Robots Will Take Jobs, New Tax System Needed for Universal Income
✍️ Times of India
🗓 02 Nov 2026, 03:49 PM
👁 2
Oracle co-founder Larry Ellison argues that AI-driven automation will displace labor but boost productivity, suggesting a shift from taxing wages to taxing robot-generated value to support universal high income.
Oracle co-founder Larry Ellison has stated that the United States is on the right path regarding artificial intelligence development, predicting that advancements in the field will lead to significant increases in productivity and overall economic growth.
Ellison noted that while automation and robots are likely to displace certain traditional jobs, this shift will ultimately create opportunities for more efficient work processes. He emphasized that the economic benefits of AI should be structured to improve living standards for individuals rather than just displacing them.
To address the potential loss of labor income, Ellison proposed a fundamental change in the tax system. He suggested that governments should consider taxing the value generated by robots and automated systems, which could serve as a replacement for traditional labor taxation methods.
This approach, according to Ellison, could facilitate the implementation of a universal high income, ensuring that the economic gains from technological progress are distributed to support a higher standard of living for the general population.
Ellison noted that while automation and robots are likely to displace certain traditional jobs, this shift will ultimately create opportunities for more efficient work processes. He emphasized that the economic benefits of AI should be structured to improve living standards for individuals rather than just displacing them.
To address the potential loss of labor income, Ellison proposed a fundamental change in the tax system. He suggested that governments should consider taxing the value generated by robots and automated systems, which could serve as a replacement for traditional labor taxation methods.
This approach, according to Ellison, could facilitate the implementation of a universal high income, ensuring that the economic gains from technological progress are distributed to support a higher standard of living for the general population.